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.

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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EURUSD Technicals: The EURUSD respects the high & low targets.Traders await the next shove

Traders respected the 200 hour MA and swing area between 1.15416 and 1.15549. Traders respected the 100 hour MA and swing level target near 1.1491 to 1.1495.

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Crude oil pushes higher to test a key target area. The price action tells the story.

Increased headlines on oil attacks by Israel and Iran send prices higher. The price tests a key technical target near $98.21.

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The EURUSD, USDJPY and GBPUSD are little changed to kickstart the Fed rate decision

The Federal Reserve is set to announce its rate decision at 2 PM ET. No change is expected. Focus will be on the central tendencies, dot plot and comments from Powell/statement

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Hope Lifts Risk Appetites Ahead of the Bank of Canada and FOMC Meetings

There are three main talking points today. The first is the war. While it continues to rage, more oil is reportedly moving through the Strait of Hormuz and pipelines that bypass the choke point entirely. President Trump is again holding out the possibility that the war ends shortly. Second, Japanese Prime Minister Takaichi is in …

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Amazon shares rise sharply to upside after CEO says he sees AI growth potential for AWS

What are the technicals and the risks for buyers of Amazon now?

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EURUSD Technicals: The EURUSD stretches to a new high with the 200 hour MA the key target

Last week, the EURUSD tested the 200 hour MA and found sellers on two tries. Another time, the price moved above but stalled shortly against the 200 day MA. Getting above is more bullish.

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USDCHF Technicals: The USDCHF rotates lower but running into dual technical levels

The 50% midpoint of the range since November and the 100 hour MA are being tested near 0.7825. Key level for for both buyers and sellers today.

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Failure near 1.3724 keeps the broader range intact

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AUDUSD pushes higher after RBA, tests key MA support

Choppy reaction finds footing above 100-hour MA as buyers target next resistance levels

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