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.

Markets Calm but Trepidation Runs High

Overview: Fears that the Israel-Hamas war was going to widen this past weekend sent gold and oil sharply higher at the end of last week. A reportedly more restrained Israeli entrance into Gaza has seen gold pullback back below $2000 (~-0.6%) and December WTI soften (~-1.7%). The US dollar is mostly softer. Stronger-than-expected Australian retail sales fan the risk of a hike next week and this appears to be helping the Australian dollar lead the...

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Gold Technical Analysis

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

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November 2023 Monthly

November may be an in-between month. It will be a month of limited monetary policy actions and a period of heightened geopolitical tensions. Fiscal policy may be more interesting, with a Japanese supplemental budget, more measures expected from China, and a debate in Europe over the re-implementation of the Stability and Growth Agreement. In the US, the drama that played out in the House of Representatives could still leave the federal government...

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GBPUSD keeps a bearish bias with the 100/200 hour MAs stalling the rally (again)

The GBPUSD stalled the rally on Wednesday and again today

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EURUSD technicals with a negative bias. Price is below the 100/200 hour MA barometers.

The 200-hour MA at 1.0580 and 100-hour MA at 1.0589 will be the barometer for buyers and sellers next week

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Nasdaq falls sharply this week & falls below 200 day MA, but there is still some hope.

The Nasdaq index fell below the 200 day MA, but did find support buyers near the 100 week MA. That sets the pair up for a battle in trading next week.

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USDJPY sellers making a play. What does that mean? Where are the risks? Find out here.

The USDJPY falls below 150.00 and other technical levels. What next?

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NZDUSD failed on a break below a key trend line this wk. Does it open a door for buyers?

Not so fast! Buyers have some control, but they need to do more.

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The USDCAD moved to a real good target level. It’s so important you want to know about it.

The USDCAD is testing a key resistance target. Will sellers lean?

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It’s time to get on my soapbox, educate and tell the technical story of the USDCHF

Why does 'the market' do what it does and why you should look to do the same thing

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Kickstart your FX trading for October 27 with technical look at EURUSD, USDJPY and GBPUSD

Kickstart your FX trading for October 27 with technical look at EURUSD, USDJPY and GBPUSD

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Is the Market Putting on Risk Ahead of the Weekend?

Overview: The US dollar is trading with a softer bias. Among the G10- currencies, only the euro and Swiss franc are the laggards and are nearly flat. In shifting expectations, the market sees the Reserve Bank of Australia as the most likely to hike rates again, while the swaps market appears to be bringing forward cuts by the European Central Bank and the Bank of Canada. The Australian dollar is the strongest G10 currency today and this week. After...

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USDJPY Technical Analysis

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

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What does the price action in the EURUSD tell us about what’s ahead?

The EURUSD is lower and moved through a technical support level in the process, but also stalled at another floor target. So what does that tell us about what is ahead?

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Two for one: A technical look at the AUDUSD and NZDUSD.

Both the AUDUSD and NZDUSD broke to new lows today, but bounces back to test its 100 hour MAs

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USDCAD continues to follow the technicals higher

The USDCAD has been running higher and respecting its technicals in the process. What next?

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USDCHF breaks higher today but does find willing sellers against target swing area.

The USDCHF is up and down, with swing area above and the 200 hour MA below. Traders trading the technical levels.

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Kickstart your FX trading for October 26 with technical look at EURUSD, USDJPY and GBPUSD

What technicals are driving the 3 major currency pairs to start the North American trading day on October 26, 2023?

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Tensions Run High Ahead of ECB Meeting and US Q3 GDP as JPY150 Breached

Overview: The market is on edge. Anxiety is running higher. It is partly geopolitics, and it is partly market stresses. The dollar is holding above JPY150 but so far, no reports or signs of intervention. Bank shares are under pressure. An index of Japanese banks has fallen for five of the past six sessions and are off about 8% from the year's high set last month. An index of European bank shares has fallen in six of the past seven sessions and...

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S&P 500 Technical Analysis

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

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