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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What does a comparison of 3 chip stocks telling traders?

2025-02-05

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Broadcom and Nvidia are the beneficiaries as they are both higher. What does a comparison of each of the chip stocks saying? What is the bias, the risk, the potential targets for each?

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NZDUSD continues the rebound started on Monday and extends above an old ceiling. What next?

2025-02-05

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The ceiling area is between 0.5683 to 0.56917. Staying above keeps the buyers firmly in control

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AUDUSD extends higher and enters swing area resistance area. Can momentum continue?

2025-02-05

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The swing area between 0.6287 to 0.63015 is being tested in the AUDUSD.

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USDCHF falls to swing area and support gives sellers some cause for pause

2025-02-05

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In the short term, watching 0.90315 level for close resistance

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USDCAD down again and below the low of the “Red Box”

2025-02-05

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Stay below 1.4290 to 1.4303 keeps the sellers in control on the break outside the Red Box

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In the kickstart video for Feb 5 the USD is lower as US traders enter the fray for the day

2025-02-05

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Kickstart the FX trading day for Feb 5 with a technical look at the EURUSD, USDJPY and GBPUSD

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Yen Leads Further Unwinding of the Dollar’s Tariff-Threat Inspired Gains

2025-02-05

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2025-02-05

Overview: The US dollar is trading heavily as the pullback from tariff-threat extreme continues. It is weakest against all the G10 currencies and most emerging market currencies. Stronger than expected wage growth and softer US 10-year yields has driven the yen to new highs for the year, to lead the major currencies with more than a 1% gain. The weakest among the G10 currencies is the Canadian dollar, which is up about 0.35% and is approaching the...

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GBPUSD extends to the topside target area and above the 50% midpoint. Buyers in control

2025-02-04

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The 50% comes in at 1.24532 of the move down from the December high. That is the close risk for buyer in the pair now.

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EURUSD has stretched to new highs and in the process moved above key technical targets

2025-02-04

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A swing area between 1.0332 to 1.0343, 100 hour MA at 1.03539 and 50% at 1.0371 have all been broken in the EURUSD. Bullish tilt and control.

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AUDUSD moves to new highs erasing the declines from weekend tariff news

2025-02-04

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The AUDUSD is back above the 100 hour MA and the 200 hour MA at 0.62038 and 0.6241. Buyers make a play but Trump/Xi ahead.

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The USDCHF continues fall after testing the January high and finding willing sellers

2025-02-04

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The 0.9200 level in the USDCHF stalled the rally yesterday. Today the price is below the 100 hour MA, the 50% and the 200 hour MA. Those levels are now resistance.

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The USDCAD is back in familiar area after the run to new high going back to 2003 retraces

2025-02-04

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The Canada 30-day tariff reprieve sends the USDCAD back to the downside

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Kickstart North American FX trading day with a technical look at EURUSD, USDJPY & GBPUSD

2025-02-04

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What is moving the markets on February 4, 2025

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Brinkmanship and Theater

2025-02-04

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2025-02-04

Overview: After yesterday's wild gyrations, the foreign exchange market is calm. US dollar losses seen as the tariffs on Mexico and Canada were postponed with what many observers see as minor concessions, though Canada is going to have a fentanyl czar have not been extended, and a consolidative tone has emerged. The 10% tariffs om China were implemented but Beijing's response has been sufficiently restrained that it still appears to leave room for...

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AUDUSD snaps back higher, nearly erasing the gap lower on the dollar buying on tariffs

2025-02-03

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The USDJPY has moved up to resistance target defined by the 100H MA and swing area target

2025-02-03

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The swing area between 154.77 and 154.96 has stalled the rally

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GBPUSD has erased all the declines and trades above MA levels

2025-02-03

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The buyers are feeling better and back in control.

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EURUSD retraces to resistance target and the 38.2% retracement

2025-02-03

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The swing area and retracement comes in at 1.03329 to 1.03431

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NZDUSD is a big mover today, but off the lows. What next?

2025-02-03

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What are the technicals saying for the NZDUSD?

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USDCAD runs to a 22-year high on tariff news and backs off. What next technically.

2025-02-03

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The 50% of the move up from Friday stalled the corrective fall today at 1.45808. The 2020 high at 1.4660 is another barometer for traders today

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