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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Kickstart the FX trading day for July 3 w/a technical look at EURUSD, USDJPY & GBPUSD

2024-07-03

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A technical look at the three major currency pairs to start the joint third trading day

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USDJPY Technical Analysis – The only way is up for now

2024-07-03

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#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. 0:48 Technical Analysis with Optimal Entries. 2:07 Upcoming Economic Data....

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USDJPY trades in a narrow range today. What next?

2024-07-02

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The USDJPY found willing sellers near the high from yesterday (and highest level since 1987). The low reached down to test the high from last Friday and found support buyers. Those levels will be the key barometers for buyers and sellers in trading in the new day on July 3

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AUDUSD buyers remain in control with the price above 100/200 bar MA on the 4-hour chart

2024-07-02

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The two moving averages in the AUDUSD are near converged at 0.6644. Stay above is more bullish.

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USDCHF extends the gains today but has swing area resistance to get through

2024-07-02

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The swing area resistance in the USDCHF is between 0.90449 and 0.90565.

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USDCAD rotates lower today but stalls @100 bar MA on 4-hour chart/50% of range since April

2024-07-02

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The 1.3714 to 1.3717 is support and risk/bias defining level for the USDCAD.

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Kickstart the FX trading day for July 2 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-07-02

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What technical levels are in play for the 3 major currency pairs for July 2, 2024.

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No Turn Around Tuesday as Greenback Remains Firm

2024-07-02

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2024-07-02

Taking the next few days off.  Will be back with week ahead commentary on  July 6.  Overview: The sharp jump in US long-term interest rates has helped lift the greenback in recent sessions and it remains firm against most of the G10 currencies today. The Canadian dollar is the best performer, and it is nearly flat. The intraday momentum indicators warn that after a mostly consolidative Asia Pacific and European morning, the greenback may probe...

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Gold Technical Analysis – The price action remains rangebound

2024-07-02

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#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. 1:00 Technical Analysis with Optimal Entries. 2:28 Upcoming Economic Data....

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NZDUSD tests 100/200 day moving averages nearly 0.6068. Key barometer for buyers/sellers.

2024-07-01

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The 100 and 200-day moving averages are converged near 0.6068

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USDCAD runs up to swing area/retracement target and backs off.

2024-07-01

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What next from a technical perspective for the USDCAD?

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AUDUSD remains below swing area high and rotates lower toward 4-hour MA levels

2024-07-01

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The 200 and 100 bar MAs on the 4-hour chart at 0.66395 and 0.66459

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USDCHF higher on the day but battling between technical levels

2024-07-01

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An old floor is support (with 200 bar MA on the 4-hour chart) at 0.8997. The 50% of the move down from the May 1 high at 0.9025 is resistance. Battle is on between the levels.

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Kickstart the FX trading day for July 1 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-07-01

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The USDJPY trades to the highest level since 1986 as its run continues

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Sigh of Relief Lifts French Markets, But…

2024-07-01

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2024-07-01

Overview: The market feels a bit more at ease after the first round of the French elections that extreme policies will be avoided by an effort to deny the National Rally a legislative majority. French stocks have recouped some of their recent losses and the euro reached $1.0775, its best level since June 13. The yen remains soft after the Tankan survey showed little change but an uptick in capex plans. Outside of the yen and Swiss franc, the dollar...

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USDJPY Technical Analysis – The bullish bias remains intact

2024-07-01

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#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. 0:49 Technical Analysis with Optimal Entries. 2:16 Upcoming Economic Data....

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July 2024 Monthly

2024-06-29

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2024-06-29

July is about the Olympics and reaping what was sown in June. The UK and France will have new governments. There will be a new European Commission. China will hold its Third Plenum session, out of which many expect new measures to support the economy.The Bank of Japan may announce a plan to reduce its bond purchases, which are approximately the same as the amount maturing every month and hike rates at the end of July. Reducing its JGB holdings is...

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Will the PCE Deflator Really Contain New Information?

2024-06-28

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2024-06-28

Overview: The US dollar is narrowly mixed as North American participants prepare to return for the last session of the first half. Despite firmer than expected Tokyo CPI and stronger than expected industrial output, the market lifted the greenback around JPY161.25 before profit-taking pressures bought it back toward session lows near JPY160.65 in Europe. President Biden is thought to have lost last night's debate with Trump, but it does not appear...

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Gold Technical Analysis – The rangebound price action continues

2024-06-28

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#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. 0:42 Technical Analysis with Optimal Entries. 2:22 Upcoming Economic Data....

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The Greenback Consolidates while Sustaining Break against the Yen

2024-06-27

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2024-06-27

Overview: The dollar is sporting a softer profile today against all the G10 currencies but the Swedish krona. The Riksbank sounded more dovish than previously, signaling the possibility of a cut in each of the last three meetings of the year. The dollar has sustained its push above JPY160 against the Japanese yen. Most emerging market currencies are also firmer, with the notable exception of Türkiye and South Africa. Türkiye is expected to keep its...

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