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.

USDCHF breaks the 200 hour MA and runs to swing area support.

The swing area on the downside between 0.78349 and 0.7840 stalled the fall. On the corrective move higher, the 200 hour moving average at 0.7872 is topside resistance

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Gold moved to the lowest level since November, testing a key MA before bouncing.What next?

The 200 day MA at $4072.19 was approached today, but buyers stepped in. What next after the run higher?

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EURUSD is back higher testing the highs for the day as buyers look to take more control

The USD stocks are moving higher. Yields are going lower. Oil is lower. The USD is moving lower.

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USDCAD sets the high from last week setting the ceiling and 200 hour MA the floor.

The 200 hour MA stalled the fall at 1.36828 and the high at 1.3754 area.

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Markets turn around as Trump signals a shift in talks with Iran

The decline in the USD on the headline news has seen buyers reemerge

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Threat of Massive Escalation of the War Drags Financial Markets Lower, While Lifting the Greenback

After seemingly teasing the market ahead of the weekend that he was considering “winding down” military operations, President Trump issued Iran an ultimatum that threatens to escalate the conflict. He issued a 48-hour ultimatum that appears to expire around 7:45 pm ET today that if the Strait of Hormuz is not open, Iranian power plants …

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Week Ahead: The War and Anticipated Policy Responses Drive the Capital Markets

There are two main drivers in the foreign exchange market: war and the anticipated monetary policy response. May WTI peaked on March 9 near $113.40. Last week, the average close was a little below $95. Brent has been hit harder but it also peaked on March 9 (~$119.50), The five-day average close is about $105.50. …

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USDCAD sellers had their shot. They missed. What now technically for the USDCAD traders?

The sellers pushed the price of the USDCAD below the 100 hour MA and opening the door for more selling, but the buyers reversed the price and the break lower failed. What next?

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TGIF: The US session is starting with the USD higher after yesterdays run lower

The move to the downside in the USD runs out of steam. Stocks are lower. Yields are higher with the 10 year near 4.30%. Oil is little changed.

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USD Comes Back Bid after Yesterday’s Exaggerated Slide

The market seemed to overreact to the central bank meetings this week. The market heard Fed Chair Powell as more hawkish than the FOMC statement and took the dollar sharply higher. Yesterday, it overreacted to the Bank of England and European Central Banks and sold the greenback aggressively. The swaps market is discounting three rate …

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If you want to trade up and down volatility, trade the AUDUSD

The AUDUSD has seen up and down volatility going back to February and remains in that patter today.

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Gold Technicals. The price of gold is having one of it’s worst day’s of the year. What now?

The price decline has traders testing the key 100 day MA. History says this MA is a key barometer for both buyers. Will they come in and defend the level?

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USDCAD stalls at key resistance at 100 hour moving average: can buyers push to new highs?

Repeated holds at the 100-hour MA keep the upside bias intact, but failure at 1.3752 leaves the pair at a critical technical crossroads

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GBPUSD surges on hawkish BOE: all eyes on the 1.3395 breakout level

Unanimous 9–0 hold fuels sterling rally as price collides with major resistance—will buyers break the trend or will sellers defend the line?

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EURUSD stalls at key resistance after ECB: breakout or reversal ahead?

Lagarde flags rising inflation risks and weaker growth—price hits the 200-hour MA ceiling, setting up a high-stakes technical battle between buyers and sellers

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The USD is lower vs the EURUSD, USDJPY and GBPUSD despite yields moving higher

What technical levels are in play as the focus turns to ECB and BOE interest rate decisions.

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Limited Follow-Through Dollar Today After Yesterday’s Surge

The US dollar rallied strongly during the Federal Reserve’s press conference yesterday as rates jumped in response to what was widely seen as a hawkish hold, especially given Chair Powell’s framing. There has been limited follow-through dollar sales today, but the technical damage inflicted on many pairs has not been reversed. The Bank of Japan, …

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Gold plunges to new lows as US-Iran war escalates and the Fed considers a rate hike

#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 Overview 1:25 Technical Analysis with Optimal Entries 2:53 Upcoming Catalysts...

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The USD is moving higher as the Fed chair testimony continues

What key levels are in play from a technical perspective. I take a technical look at the EURUSD, USDJPY, GBPUSD, USDCAD and AUDUSD from a technical perspective. I also look at the broader US stock indices - the Nasdaq and the S&P index.

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Nasdaq and S&P are trading above key MA levels keeping the buyers in control into the FOMC

What would need to happen to break down that bias for the broader indices. I talk about in this video.

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