Category Archive: 4) FX Trends

Main Author Marc Chandler
Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
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Australia CPI is ahead. What technical levels are key through the release?

2024-08-28

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The close support comes in at 0.6760. The key resistance is at 0.6800

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The selling and trending in the USDCAD continues. What next?

2024-08-28

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If you are tempted to buy, make sure you have a stop as trends are fast, directional and tend to go farther than what traders expect

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USDCHF stretches lower and toward 2024 low

2024-08-28

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The 2024 low in the USDCHF comes in at 0.8389

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What technical levels are in play for the EURUSD, USDJPY and GBPUSD for August 28

2024-08-28

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The technical levels from yesterdays kickstart video did its jobs

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Sterling Shines

2024-08-27

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2024-08-27

Overview: The US dollar is softer against all the G10 currencies but the Japanese yen. Sterling is leading the advance and is at new two-year highs, knocking on $1.3250. More generally, the dollar's consolidative tone remains intact, but it looks like a pause rather than a reversal, especially against the dollar-bloc currencies. The weaker yen is a headwind for most of the regional currencies, including the yuan. Most central European currencies...

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USDJPY Technical Analysis – All eyes on the US labour market data

2024-08-27

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#usdjpy #forex #technicalanalysis In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 1:01 Technical Analysis with Optimal Entries. 2:22 Upcoming Economic Data....

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USDCAD stretches down to the swing area target as sellers remain in full control

2024-08-27

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USDCAD recently dipped below key support levels following USD weakness driven by Powell's speech, signaling continued momentum towards swing area target. Sellers in fim control

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AUDUSD traders patiently wait for the next break. Are you looking too?

2024-08-27

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The high resistance and low support is set. Traders are now looking for the break with momentum

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USDCHF continues consolidation but remains below key moving average levels

2024-08-27

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Sellers remain in control in the USDCHF currency pair. I explain why in this video.

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What are the technicals telling traders in the EURUSD, USDJPY and GBPUSD pairs?

2024-08-27

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What key technical levels are in play for the three major currency pairs at the start of trading on August 26, 2024?

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USD is Trading Mostly Firmer, but Yen and Swiss Franc Show Resilience

2024-08-26

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2024-08-26

Overview: The US dollar is mostly firmer, though consolidating against most of the G10 currencies. The Japanese yen and Swiss franc are the strongest, while the Scandis and Antipodean currencies are the heaviest. Among emerging market currencies, a handful of Asian currencies, including the Chinese yuan are higher, but central European currencies, the South African rand, and the Mexican peso are softer.The news stream is light but the threat of the...

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NVDA Stock before earnings on Aug 28, 2024. Technical analysis and price forecast. Looking for ATH.

2024-08-26

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Gold Technical Analysis – A very dovish Powell boosts the precious metal

2024-08-26

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#gold #xauusd #technicalanalysis In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 0:38 Technical Analysis with Optimal Entries. 1:56 Upcoming Catalysts....

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USDJPY & USDCHF lower in early trading to start the new week. What next technically?

2024-08-26

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The USD is continuing its run lower to start the new trading week. The USDJPY and USDCHF are two pairs leading the way. What are the technical saying for these two currency pairs.

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Week Ahead: Inflation Gauges and Stretched US Dollar Drop

2024-08-24

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2024-08-24

In the middle of last week, the Fed funds futures discounted 103 bp of cuts this year. There was some movement but after Fed Chair Powell’s, but the market finished the week with 104 bp of cuts priced into the Fed funds futures curve. The two-year note yield settled at a three-week low and the dollar slumped. The Dollar Index's 1.7% lost last week, its fifth consecutive drop and the largest weekly decline of the year. Although the euro rose to...

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What Can Powell Say that the Markets Do Not Already Know?

2024-08-23

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2024-08-23

Overview: The US is consolidating with a softer profile against most G10 and emerging market currencies today, ahead of Fed Chair Powell's speech at Jackson Hole (10 AM ET). He is unlikely to go much beyond confirming what the market already thinks it knows: namely, that the first rate cut will be delivered next month. By acknowledging that the economy has evolved broadly along the lines the central bank expected, it would be a gently push against...

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The Dollar and Rates Come Back Firmer

2024-08-22

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2024-08-22

The US dollar's decline continued yesterday after the steep jobs’ revision and an unusual solid auction of the Treasury's 20-year bond. The minutes from the recent meeting confirmed that the FOMC will begin its easing cycle next month.

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US Benchmark Payroll Revisions Over-Hyped? Dollar may Benefit from Buying on Fact after Being Sold on Rumors

2024-08-21

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2024-08-21

Overview: The preliminary annual revision to US jobs growth is front and center today. It has gotten more play that usual, amid speculation of a historically large revision. Yet, the direct impact on policy may be minimal. Federal Reserve officials, including Chair Powell, acknowledged that the payroll growth may have been overstated. Moreover, the Fed's judgment of the labor market is not based on one element of the multidimensional labor market....

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Gold Technical Analysis – Flash US PMIs in focus

2024-08-21

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#gold #xauusd #technicalanalysis In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market. ---------------------------------------------------------------------- Topics covered in the video: 0:00 Fundamental Outlook. 0:43 Technical Analysis with Optimal Entries. 2:13 Upcoming Catalysts....

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USD Remains Soft but Consolidation is Threatened

2024-08-20

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2024-08-20

Overview: The US dollar's recent retreat has been marginally extended today but it seems to be moderating. Still, the greenback is on the defensive, arguably ahead of tomorrow's BLS annual revisions of nonfarm payrolls, where there is talk that April 2023-March 2024 job growth could be slashed from 2.9 mln to 1.9 mln. And that is ahead of Friday's Jackson Hole address by Fed Chief Powell that is expected to be the strongest confirmation of a rate...

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