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.

EURUSD Technical Analysis

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

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Platinum’s possible breakout | Market Outlook with Exness

In this week's Market Outlook with Exness, we see that platinum is poised for a potential breakout from its downward trend in the coming days, following a solid short-term rebound that countered its previous decline. Current market dynamics for metals, platinum included, are heavily influenced by the Fed's less aggressive stance in light of the USA's easing inflation. However, this positive sentiment is somewhat tempered by reduced demand from...

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Gold could recover | Market Outlook with Exness

In the near future, gold might bounce in a primarily technical move as the price emerges from oversold conditions and the appetite to push lower appears limited. At the Fed's next meeting in a month, the funds' rate will likely remain at 5.25-5.5%, which is the primary narrative. Nevertheless, this idea may be invalidated if the American inflation data are surprising.

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USDJPY makes new session lows. Seller making a play. Can they keep the momentum going?

The USDJPY is making new session lows and in the process is moving below last Tuesday's high and last Wednesday's low. That level comes in at 148.59. Going forward getting and staying below that level will keep the sellers more in control.

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EURUSD high today stalls at retracement level again

What next for the EURUSD?

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NZDUSD buyers had their shot today. They missed. What next for the pair?

A technical look at the NZDUSD after buyers earlier today took a shot above the 200 day MA and the 50% midpoint retracement.

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

In the morning kickstart video, Greg Michalowski of Forexlive.com takes a look at the 3 major currency pairs from a technical perspective to start your trading day.

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Dollar Starts Softer

Overview: The dollar is beginning the week on a soft note, despite the modest backing up of yields over the last couple of sessions and better than expected data, including Black Friday sales and the preliminary November PMI. It is sporting minor losses against all the G10 currencies, but the Canadian dollar, which is the weakest of the major currencies this quarter and month. The greenback is also lower against most emerging market currencies, but...

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

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.

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

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

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

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

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

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

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

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

USD is moving higher in early US trading

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Corrective Forces Help the Dollar Stabilize

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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