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 your FX trading on October 11 with a technical look at EURUSD, USDJPY and GBPUSD

2023-10-11

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What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 11, 2023 day.

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Bonds Extend Recovery

2023-10-11

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2023-10-11

Overview: Broadly speaking, the dollar's recent pullback was extended today but the momentum appears to be slowing, perhaps ahead of tomorrow's US CPI report. The Dollar Index slipped to its lowest level since September 25 before steadying. The greenback is mixed as the North American market is set to open. The dollar bloc and Swedish krona are the underperformers. The Swiss franc is the best, up about 0.2%, while the yen and euro are little...

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WTI Crude Oil Technical Analysis

2023-10-11

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

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GBPUSD looks toward 50% retracement target. Key target to get to and through now.

2023-10-10

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GBPUSD buyers push to a new session high and highest level since September 22`

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EURUSD making a break for it. Find out by watching this video.

2023-10-10

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The EURUSD buyers are making a play on the hourly and the daily chart. Find out why that is so important.

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AUDUSD trades up and down today, but holds support area on dip

2023-10-10

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The AUDUSD has traded up and down today but has done a good job of holding the 50% of the range since end of September high.

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The broader indices are moving higher with the NASDAQ index testing key MA resistance

2023-10-10

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The NASDAQ is testing the 100 and 50 day MAs. The S&P is breaking above a swing area but has work to do to get to the 100/50 day MAs

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USDCAD finds support buyers near the moving average support. What next for the pair?

2023-10-10

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The 200 bar MA on the 4-hour chart at 1.35712. Resistance near a swing area up to 1.36125 now.

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USDCHF finds support buyers on the dip just ahead of the 200 day MA. What next?

2023-10-10

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The 200 day MA stalls the fall in the USDCHF near 0.9028 today and bounces. On the topside, the 100 bar MA on the 4-hour chart comes in at 0.9100 area. Those levels are the wide support and resistance now.

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Kickstart your FX trading on October 9 with a technical look at EURUSD, USDJPY and GBPUSD

2023-10-10

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What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 10, 2023 day.

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Sharp Fall in US Yields ahead of Large Supply

2023-10-10

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2023-10-10

Overview: The market continues to monitor developments in Israel and the Middle East. The economic calendar is light today and the market is showing a strong appetite for risk. Except for China and South Korea, large bourses in the Asia Pacific rallied. Japan's indices jumped more than 2% and Australia by 1% to lead the region. Europe's Stoxx 600 is up 1.5% near midday, which, if sustained would be the largest in nearly a month. US index futures...

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USDJPY Technical Analysis

2023-10-10

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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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NZDUSD making a play outside “value area”

2023-10-09

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NZDUSD breaks above 0.6000 increases bullish bias. Looks toward swing area high at 0.6032 followed by the falling 100 day moving average of 0.6062

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GBPUSD is trading between technical levels with MAs on the downside and swing area above

2023-10-09

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The 200 hour MA holds support in the GBPUSD at 1.21584. ON the topside, resistance comes in at a swing area between 1.2219 to 1.22316.

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EURUSD trades within a technical range with the 100H MA as support and swing area above

2023-10-09

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EURUSD trades with swing area resistance up to 1.0557 and support down at 100 hour MA at 1.05215. Waiting for the next shove.

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USDJPY falls sharply. Slices through 50% retracement at 148.73 (now resistance)

2023-10-09

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USDJPY tests a swing area between 148.45 and 148.52

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USDCAD sellers make a technical play below 200 hour MA/38.2% retracement level

2023-10-09

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200 hour MA and 38.2% retracement at 1.3629 in the USDCAD. Bearish play by sellers.

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Kickstart your FX trading on October 9 with a technical look at EURUSD, USDJPY and GBPUSD

2023-10-09

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What technicals are driving the markets in the EURUSD, USDJPY and GBPUSD to start your October 9, 2023 day.

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War in Israel Spurs Flight to Dollars, Yen and Gold, While Driving up the Price of Oil

2023-10-09

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2023-10-09

Overview: There are three main developments. First, the market is digesting the implication of the US employment data, where the optics were strong (336k increase in nonfarm payrolls compared with 170k median forecast in Bloomberg and Dow Jones surveys) but some details were disappointing (like the third consecutive decline in full-time posts, seasonally adjusted). Second, Chinese mainland market re-opened after a six-day holiday). Chinese stocks...

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Week Ahead: King Dollar Stalls

2023-10-07

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2023-10-07

The US reports September CPI on October 12 and the first decline in three months in the year-over-year rate is expected. However, the price action itself may overshadow not only the CPI but other high-frequency data in the week ahead. US grew more than twice the number of jobs in September as economists expected. US interest rates and the dollar jumped initially, and stocks were dumped. And then they reversed. Many narratives will be spun to...

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