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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In Uncoordinated Steps, Japan and China Help Slow Greenback’s Rally

2023-09-11

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2023-09-11

Overview: The Bank of Japan Governor Ueda hinted the world's third-largest economy may exit negative interest rates before the end of the year. This sparked the strongest gain in the yen in a couple of months and lifted the 10-year yield to nearly 0.70%. In an uncoordinated fashion, Chinese officials stepped their rhetoric and indicated that corporate orders to sell $50 mln or more will need authorization. This helped arrest the yuan's slide. The...

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Crude oil gains momentum at the peak | Market Outlook with Exness

2023-09-11

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On this week's Market Outlook with Exness, we take a closer look at crude oil, which gained a substantial strength, and after a market holiday in the US, may continue to rally. It is building a short-term chart pattern: should the height of this pattern at around $86 be broken, it may drive to $86 or higher. Supply it cutting off amid tightening from OPEC+ and accumulation from commercial traders. Crude oil is known for sustaining momentum at...

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Gold Technical Analysis

2023-09-11

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Here's a quick technical analysis on Gold with some fundamental background. For more visit ForexLive.com

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Week Ahead: US CPI to Make the Doves Cry even if Core Eases, and Euro Vulnerable to ECB Regardless of Decision

2023-09-09

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2023-09-09

The diverging economic performance between the US and Europe, Japan, and China on the other hand is stark. Yet, a greater divergence may be between widespread discussion of de-dollarization and its incredible strength in the foreign exchange market. The eight-week rally in the Dollar Index is the longest in nine years. According to SWIFT, which is not comprehensive but remains by far the largest platform, the dollar's role in international payments...

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Yuan Sulks in to the Weekend, While Finishing Touches are Put on the Dollar Index’s Eighth Consecutive Weekly Gain

2023-09-08

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2023-09-08

Overview: The greenback is lower against most currencies today as it consolidates ahead of the weekend. The Dollar Index's eight-week advance is the longest since a 12-week rally 2014. The Chinese yuan is an exception. Its losses were extended today. Against the offshore yuan, the dollar traded above the onshore band, which is most often respected. Equities ae extending this week's slump. All the large bourses in the Asia Pacific region but India...

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USDJPY Technical Analysis

2023-09-08

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Here's a quick technical analysis on the USDJPY pair with some fundamental background. For more visit ForexLive.com

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Battle for $1.07 in the Euro

2023-09-07

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2023-09-07

Overview: Despite disappointing German industrial output, where the 0.8% decline was twice expectations, the euro is holding above $1.07, where large options exist that are expiring over the next few sessions. The greenback is consolidating against the Japanese yen, where the fear of intervention has increased. Sterling remains on its back foot after yesterday's seemingly dovish comments by Bank of England Governor Bailey. Emerging market...

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Gold Technical Analysis

2023-09-07

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Here's a quick technical analysis on Gold with some fundamental background. For more visit ForexLive.com

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The Dollar and Oil Steady After Yesterday’s Advance

2023-09-06

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2023-09-06

Overview: Bonds and stocks are mostly heavier today and the dollar has turned mixed. Oil prices are consolidating after soaring to new highs since late last year on the longer than expected extension of Saudi Arabia's extra cut of one million barrels a day. Since July, it has been extending it by one month at a time. Yesterday, it extended it through Q4. Russia, who had previously indicated intentions on reducing its exports by 500k barrels,...

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WTI Crude Oil Technical Analysis

2023-09-06

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Here's a quick technical analysis on WTI Crude Oil with some fundamental background. For more visit ForexLive.com

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US Dollar Punches Higher

2023-09-05

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2023-09-05

Overview:  Disappointing data in Asia and Europe has sent the greenback broadly higher. The strong gains posted before the weekend were mostly consolidated yesterday when the US and Canadian markets were on holiday. The rally resumed today. The Antipodeans and Scandis have been hit the hardest (-0.7% to -1.25%) but all the G10 currencies are down. The Swiss franc and yen are off the least (-0.35%-0.45%), and the euro and sterling have taken out...

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USDJPY Technical Analysis

2023-09-05

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Here's a quick technical analysis on the USDJPY pair with some fundamental background. For more visit ForexLive.com

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Russell 2000 Technical Analysis

2023-09-04

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Here's a quick technical analysis on the Russell 2000 with some fundamental background. For more visit ForexLive.com

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September 2023 Monthly

2023-09-02

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2023-09-02

There is a sense of new divergence. Most economists, including the staff at the Federal Reserve, no longer think the US is recession-bound. Unprecedented in modern times, inflation has fallen sharply, and unemployment has not risen, and the economy appears to be enjoying its third consecutive quarter, and the fourth in the past five, above what the Federal Reserve regards as the non-inflationary pace (1.8%). At the same time, and despite being...

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China’s Measures Begin to Find Traction, US Employment Report on Tap

2023-09-01

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2023-09-01

Overview: Beijing's seemingly steady stream of measures to support the economy and steady the yuan are beginning to produce the desired effect. The yuan is snapping a four-week decline and the CSI 300 halted a three-week drop. Some economists estimate that the bevy of measures may be worth as much as 1% for GDP. The dollar is narrowly mixed ahead of the US employment data, which is expected to see the pace of job growth slow to around 170k. Of...

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USDJPY Technical Analysis

2023-09-01

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Here's a quick technical analysis on the USDJPY pair with some fundamental background. For more visit ForexLive.com

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Position Squaring Ahead of US Data Helps the Dollar Recoup Some Recent Losses

2023-08-31

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2023-08-31

Overview: Position-squaring ahead of today's US personal consumption data and perhaps tomorrow's jobs report is giving the dollar a firmer profile against most G10 and emerging market currencies. The Scandis have been the hit hardest and are off 0.75%-0.85%. The euro and sterling about 0.35%-0.45% lower. The yen is the only G10 currency that is slightly firmer. The dollar-bloc is nursing small losses (0.10%-0.15%). Despite the firmer than expected...

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S&P 500 Technical Analysis

2023-08-31

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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AUDUSD back near unchanged. Sellers had their shot. Buyers had their shot. Both missed

2023-08-30

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It will be a redo tomorrow as buyers and seller continue to battle it out

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USDCHF corrects lower today but finds support ahead of MA support

2023-08-30

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The USDCHF trades between the 100 and 200 bar MAs on the 4-hour chart. The 100 bar MA at 0.87923 and the 200 bar MA is at 0.87336.

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