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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Week Ahead: US PCE Deflator, EMU CPI, China PMI, OPEC+, and COP28

2023-11-25

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2023-11-25

The dollar fell against all the G10 currencies last week. The dollar-bloc currencies, sterling, and the Scandis  led the move, appreciating by about 0.55%-1.40% against the US dollar.  The dollar bloc and sterling recorded new highs for the month ahead of the weekend. Against the others, the dollar spent most of last week consolidating after its recent losses were extended at the start of the week. Still, our review of the technical condition warns...

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US 10 year yield higher. US dollar lower. Technicals are in play for both.

2023-11-24

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As the US 10-year yield moves higher, the USD is moving lower. That is not the normal relationship, but it is today.Technicals seem to be in play as the 10-year yield bounces off a key support area near 4.34%.  Meanwhile, the USD is breaking to the downside against a number of the major currencies.  So technicals seem to be the driving force behind the moves.

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Kickstart your FX trading with a technical look at the EURUSD, USDJPY and GBPUSD

2023-11-24

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Kickstart your FX trading by understanding the technicals driving the forex market in 3 of the major currency pairs.

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Short Note for the Day after Thanksgiving

2023-11-24

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2023-11-24

Price Action:  Since the North American markets closed Wednesday, the foreign exchange market has been subdued.  Most of the major currencies are +/- 0.2%.  The Antipodeans and sterling have risen a bit more.  The euro is in the middle of this week’s range (~$1.0850-$1.0965).  The dollar is at the upper end of this week's range against the Japanese yen (~JPY147.15-JPY149.75).  Sterling is trading near the high for...

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S&P 500 Technical Analysis

2023-11-24

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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 bounces off old ceiling (now floor) support and rallies today

2023-11-23

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The AUDUSD fell yesterday but bounced off a key floor support near 0.6522. The move higher today has come off highs but is so far holding the rising 100 hour MA support. Staying above keeps the buyers more in control and will have traders looking toward the 50% midpoint of the move down from the July low at 0.65824. On Tuesday, that midpoint was tested but found willing sellers on the first look.

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USDCAD trades to new session highs but runs into the falling 100 hour MA

2023-11-23

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The 100 hour MA in the USDCAD is giving some cause for pause.

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Kickstart your FX trading for November 23 with a technical look at the EURUSD, USDJPY and GBPUSD

2023-11-23

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What technical levels are in play for your FX trading on November 23, 2023

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Gold Technical Analysis

2023-11-23

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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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Kickstart your forex trading on November 21 with a look at the EURUSD, USDJPY and GBPUSD

2023-11-22

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USD is moving higher in early US trading

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Corrective Forces Help the Dollar Stabilize

2023-11-22

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2023-11-22

Overview: Corrective forces helped the dollar stabilize yesterday and it enjoys a firmer today. The euro has slipped below $1.09, and the dollar has resurfaced above JPY149.00. The FOMC minutes seem dated by the more than 30 bp decline in the US 10-year yield, the 7% rally in the S&P 500 and roughly 3% drop in the Dollar Index. The implied year-end 2024 Fed funds rate has fallen by 10 bp to 4.51% (5.33% currently). The Japanese government...

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USDJPY Technical Analysis

2023-11-22

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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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EURUSD extends the trading range. Can the momentum continue?

2023-11-21

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Traders are eying 100-hour MA downside for EURUSD. Room to roam if sustained. Next target at 1.09119, then 100-hour MA at 1.08916.

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Gold is running and above $2000, but finding a stall point. Why and what next?

2023-11-21

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The price of gold is up sharply and back above $2000. What next?

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AUDUSD tests key 200 day MA and finds some stall

2023-11-21

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The 50% retracement level is also in play. The dual technical levels are attracting profit-taking/risk defining sellers.

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Kickstart your forex trading on November 21 with a look at the EURUSD, USDJPY and GBPUSD

2023-11-21

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The USD is lower to start the trading day led by the USDJPY

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Yen and Yuan Extend Surge

2023-11-21

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2023-11-21

Overview: The dollar remains offered and our ideas about it stalling as central banks push against the timing and extent of the easing the market is anticipating are being challenged. The Governor of the Reserve Bank of Australia and the Bank of England both warned higher rates may still be needed. Still, the momentum may be slowing. Meanwhile, the short squeeze continues to lift the Japanese yen, which is trading at its best level in two months....

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EURUSD Technical Analysis

2023-11-21

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

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A technical look at the major currency pairs as markets head toward the new trading day

2023-11-20

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Understand what level are important and why going into the new trading day on November 21, 2023

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AUDUSD breaks above an upside ceiling. Staying above is more bullish.

2023-11-20

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AUDUSD buyers are making more of a play to the upside.

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