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.

FX Daily, April 27: Markets Mark Time Ahead of Fed

Short-covering ahead of the FOMC's outcome tomorrow appears to be lending the US dollar support today. It has extended yesterday's gains against the euro, sterling, and yen.  Among emerging market currencies, the Turkish lira, along with the South Korean won and Taiwanese dollar, lead the few advancers.

Read More »

FX Daily, April 26: Big Week Begins Quietly, with the Greenback Still Under Pressure

Overview: What promises to be a notable week has begun off quietly: the US, EMU, and South Korea report Q1 GDP.   The eurozone also provides its first estimate of April inflation.  Corporate earnings feature tech and financial firms.  Equities are mostly firmer in the Asia Pacific region and Europe.

Read More »

FX Daily, April 23: Greenback Slips into the Weekend

Overview:  Many narratives link the prospect of higher capital gains tax on about a third of 1% of Americans as the catalyst for losses in US equities yesterday (and Bitcoin) and weakness in some global shares today.  Of the large markets in the Asia Pacific region, only Japan, which is reimposing a formal emergency in Tokyo, Osaka, and two other prefectures, fell. 

Read More »

BOC cracks the dam; the Fed will break it

Adam Button of ForexLive speaks with BNNBloomberg regarding the Bank of Canada interest rate decision on April 21, 2021. He talks about what it means for the Canadian dollar this year and how the BOC decision paves the way for other central banks to follow. LET'S CONNECT! Facebook ► http://facebook.com/forexlive​ Twitter ► https://twitter.com/ForexLive​ Google+ ► https://plus.google.com/+Forexlive​ Homepage ►...

Read More »

FX Daily, April 20: Market has Second Thoughts about Timing of First Fed Hike

Overview:  Even as US yields edge higher, the dollar struggles. With the 10-year Treasury yields now at 1.62%, nine basis points above last week's lows, the greenback has turned mixed against the major currencies. After briefly slipping below JPY108, the dollar has recovered to around JPY108.55. 

Read More »

Non trend transitions to trend. How you can sniff out trending markets.

Traders tend to get mesmerized by non-trending markets. They tend not to see a way out of the ups and downs and because of it, often miss out on a trend move where the price move is fast, directional and tends to go farther than most think. In this video, Greg Michalowski of ForexLive outlines how to prepare for a trending market by looking at a recent non trend market in the AUDUSD.

Read More »

FX Daily, April 12: Capital Markets Look for Direction

Overview: Risk appetites have not returned from the weekend.  Equities are heavy, and bond yields softer.  The dollar is drifting lower in Europe.  China's unusually candid admission of the shortcomings of its vaccine and record new cases in India saw all the equity markets in the region fall.  Only South Korea and Taiwan escaped the carnage that saw the Indian market tumble 3.5%. 

Read More »

FX Daily, April 8: Calm Capital Markets See the Dollar Drift

Overview:  Global stocks are moving higher today.  Fears of a new lockdown in Tokyo amid rising covid cases weighed on Japanese stocks, a notable exception as the MSCI Asia Pacific Index rose for its fifth session of the past six.  Europe's Dow Jones Stoxx 600 is edging to new record highs today and is advancing for its fifth session of the past seven. 

Read More »

Marc Chandler: Dollar To Remain Strong In The Short Run – The Daily Dive

Starting off the trading week on The Daily Dive is that of Marc Chandler, whom runs Marc to Market and is Chief Market Strategist at Bannockburn Global Forex. Marc joins us this afternoon to discuss his thoughts on the strength of the dollar and the impact of the expiring SLR exemption, as well as his take on the impact of coming stimulus on the economy and the topic of transitory inflation.

Read More »

FX Daily, April 5: Market Pushes First Rate Hike into 2022

Overview: Many financial centers in Asia and Europe remain closed for the extended holiday. Although several markets that were open were higher in the Asia Pacific region, India was an exception as a record contagion sent stocks down the most in five weeks. US futures are pointing higher, led by the Dow, while the NASDAQ lags.

Read More »

April Monthly

Four major forces shaped the investment climate in the first quarter:  the evolution of the virus and the rollout of the vaccine, the rising long-term interest rates driven by higher oil prices, America’s large fiscal stimulus, and optimism about the outlook, a sharp divergence between the US and other high-income countries, and a recovery in the US dollar after sliding in November and December 2020.

Read More »

FX Daily, March 30: US Yields Push Higher, Lifting the Greenback Especially Against the Euro and Yen

The US 10-year yield is at new highs since January 2020, pressing above 1.77% and helping pull up global yields today.   European benchmarks yields are up 4-5 bp, and the Antipodean yields jump 8-9 bp.  The impact on equities has been minor, and the talk is still about the unwinding of Archegos Capital. 

Read More »

FX Daily, March 29: Markets Look for Direction after Large Block Trade and Before Key Data

The large block trade (~$20 bln) before the weekend, apparently from a family office, continued to have ripple effects today, but the MSCI Asia Pacific Index barely noticed.  It extended its pre-weekend rally of 1.3%, and only South Korea and Australia fell among the major markets.

Read More »

FX Daily, March 18: Dovish Fed but Yields Rise, Helping the Greenback Recover from Yesterday’s Slide

Overview: Asia Pacific equities mostly advanced after the US benchmarks recovered following the dovish FOMC. Australia, New Zealand, and India did not participate in today's gains. European bourses edged higher, but US shares are struggling, and the NASDAQ futures are off nearly 1%, threatening to end the three-day rally. 

Read More »

5 Trading tips to trade like a pro

In this video, Greg Michalowski from Forexlive.com outlines 5 simple tips that will have you trading like a pro.

Read More »

FX Daily, March 16: Equities Firm, but Markets Tread Gingerly

Overview: Yesterday's new record highs in the S&P 500 and Dow Jones Industrial helped set the tone for today's advance in the Asia Pacific region and Europe. The MSCI Asia Pacific Index snapped a two-day decline, with other major markets rising today. 

Read More »

FX Daily, March 15: Big Week Begins Quietly

The capital markets are beginning a new and busy week in a non-committal fashion.  Equities are mixed.  Except for Japan, Hong Kong, and Australia, most markets in the Asia Pacific region were lower, led Chinese and Indian shares. 

Read More »

FX Daily, March 11: Risk Extends Gains Ahead of the ECB

Overview: Even though the NASDAQ closed lower yesterday and the reception of the 10-year Treasury auction did not excite, market participants are growing more confident.  Led by China, the major markets in the Asia Pacific region rallied.  The Shanghai Composite's 2.35% gain not only snaps a five-session slide but is the largest rally since last October.

Read More »

FX Daily, March 10: Markets are not Yet Convinced that Yesterday’s Move Signaled a Trend Change

Fear that yesterday's reversals represent little more than one-day wonders is contributing to the overall consolidative tone today. Most equity markets in the Asia Pacific region and Europe edged higher. China's stocks tumbled yesterday, despite reports of official assistance, were mixed with the Shanghai Composite posting small gain and Shenzhen a small loss.

Read More »

FX Daily, March 9: Turn Around Tuesday Strikes

It is not clear the trigger, but risk-taking appetites rebounded smartly today after the NASDAQ completed a more than 10% pullback from its highs yesterday.  Ironically, the Dow Jones Industrials set new record highs yesterday too.  Most equity markets in the Asia Pacific region rallied.  The notable exceptions were South Korea and China. 

Read More »