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.

Week Ahead: Is the Dollar Bottoming?

After falling steadily since from the end of Q3 24 through the first part of January, the dollar stabilized last week, despite the dovish market takeaway from the Federal Reserve. The median projection for growth was shaved while the inflation project was raised. Still, despite the Atlanta Fed's GDP Now tracking a contraction here in Q1, few are that pessimistic. None of the 58 economists in Bloomberg's survey see a contraction, and only one...

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March Madness? The Dollar is Closing in on its Best Week this Month

Overview:  The dollar's down trend, which began at least a week before President Trump's second inauguration stalled this week, and preliminary technical signs suggest a bottom may be in the process of forming. The uncertainty over US reciprocal and sector tariff announcement on April 2 is boosting uncertainty among policymakers, investors, and businesses. The greenback is mostly firmer today and near the week's best levels against most of the...

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Dollar Comes Back Bid

Overview:  The Federal Reserve's projections show a little more inflation and a little less growth this year and next, but the median projection showed, as it did in December, two rate cuts this year. This, coupled with the reduction of the balance sheet unwind of Treasury holdings (QT) gave a dovish cast to the FOMC outcome, though the dispersion of forecasts showed upside risks to inflation, and even the two rate cuts anticipated was a closer...

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Fed: When Words are Actions

Overview: Often it is said that what the Fed does is more important than what it says. But this is not so today. There is little doubt that the Fed continues to remain on hold but it will updates its forecasts, and Chair Powell will likely reiterate his recent assessment that the economy is in a position that allows the central bank to be patient and wait for clearer signals of the impact of the administration's policies. The Summary of Economic...

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Europe Leads Dollar Drop, Unwinding Last Year’s Record Purchases of US Equities

Overview: The greenback remains under pressure and fell to new lows for the move against the euro, sterling, and the Norwegian krone. It is softer against nearly all the G10 currencies but the Japanese yen, where more disappointing data were reported and polls showed support for Prime Minister Ishiba plunged following his admission of doling out JPY100k (~$672) to 15 first-term LDP members of parliament. It makes for a poor backdrop for the upper...

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USDJPY Technical Analysis – Eyes on the BoJ and FOMC decisions

#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.

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AUDUSD makes a break above the 100 day MA. Can the buyers keep the momentum going?

Staying above the 100 day moving average at 0.63535 is the best case scenario for the buyers now.

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The USD is lower modestly vs the 3 major currencies. What key technical levels are in play?

Kickstart the trading day with a technical look at the EURUSD, USDJPY and GBPUSD.

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China Underwhelms, PBOC sets Dollar Fix Lower, Bessent’s Lack of Concern Weighs on US Stocks, and More US Tariffs Coming

Overview: The US dollar begins the new week quietly. The week features five G10 central bank meetings, and real sector data that may show the US economy is resilient despite the Atlanta's Fed's pessimism (which will be updated today). President Trump renewed his warning that reciprocal and sectoral tariffs will be announced on April 2. The greenback is trading with a mostly softer but consolidative bias today. Emerging market currencies are mixed,...

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Gold Technical Analysis – We got a new all-time high. Now what?

#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. 0:50 Technical Analysis with Optimal Entries. 2:03 Upcoming Catalysts...

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Bitcoin futures – an important orientation and a key junction for the bulls

This map will help you understand where bitcoin will want to go next. Visit ForexLive.com for additional views.

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Why April 2nd will be a watershed for markets

In one sense, US President Donald Trump seemingly has a winning communication formula by calling for reciprocal tariffs. What that means is -- whatever tariff rates a country charges the US, the US will hit back with. That makes sense to most people but it begins to fall apart in practice. For one, many countries aren't interested in US exports of things like farm goods or autos and already don't export those things to the US, so they're pointless....

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Week Ahead: New FOMC Projections; BOE, BOJ, and Riksbank Standpat, While SNB to Approach Zero -Bound (Again)

The architects of the new US foreign economic policy expected dollar appreciation to absorb some of the cost of US tariffs and expected some exporters to cut prices. Instead, the dollar has mostly fallen against the major currencies. Last week, the greenback recorded new lows for the year against the Chinese yuan, Mexican peso, euro, sterling, the Japanese yen, the Swedish krona, and Norwegian krone. Beijing acted forcefully against Walmart's...

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What technical levels are in play for the AUDUSD & NZDUSD heading into next weeks trading

The AUDUSD and the NZDUSD trading in a narrrow trading range this week What does it say for the respective pairs next week?

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The EURUSD is trading back near technical levels after the run higher stallse Video

Can the buyers keep the bias to the upside, or will the gains be retraced. I will go through the key technical levels in play and why in this video.

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Gold and the Mexican Peso Trade at New Highs, Sterling is Resilient in the Face of the Unexpected Contraction in January

Overview: The US dollar is mixed but the risk-appetites are finishing the week on an update. In the foreign exchange market, this is reflected in the dollar-bloc currencies leading the G10 higher, with the yen and Swiss franc the laggards. Japan's spring wage negotiation round is producing solid preliminary results, but a new funding scandal may weaken the minority government led by Prime Minister Ishida. Most emerging market currencies are also...

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USDJPY Technical Analysis – US Consumer Sentiment data in the spotlight

#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. 1:09 Technical Analysis with Optimal Entries. 2:23 Upcoming Catalysts...

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A Break in the Drama, Greenback Consolidates

Overview: There seems to be a nervous calm in the foreign exchange market as the dollar consolidates mostly inside yesterday's ranges, in largely uneventful turnover. In addition to the US steel and aluminum tariffs, and retaliatory moves by the EU, Canada, and China, the other big development this week is the effort to achieve a 30-day ceasefire in Ukraine. US-Russian officials meet today. Ahead of the talks, Russia reported captured a...

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Gold Technical Analysis – Eyes on the US PPI

#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. 0:33 Technical Analysis with Optimal Entries. 1:51 Upcoming Catalysts...

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The Bank of Canada rate decision up next. What technical levels ar in play now?

The USDCAD is hanging around the 100/200 hour MAs in neutral territory ahead of the rate decision

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