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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Market Pushes the Yen Lower, Helped by a Broadly Firmer Greenback

2024-05-07

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2024-05-07

Overview: The dollar is firmer against all the G10 currencies today. The market is somewhat less fearful of intervention and the yen is extending yesterday's losses. It is rivaling the Australian dollar for the weakest of the major currencies after the Reserve Bank of Australia left rates on hold and played down speculation of possibility of a rate hike. Both currencies are off around 0.4% in late European morning turnover. Disappointing German...

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EURUSD Technical Analysis – A look at some key levels ahead of the US CPI data

2024-05-07

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#eurusd #forex #technicalanalysis In this video you will learn about the latest fundamental developments for the EURUSD 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. 0:53 Technical Analysis with Optimal Entries. 1:50 Upcoming Economic Data....

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USDJPY stays above the 200 bar MA on 4-hour chart. Buyers in control above the MA.

2024-05-06

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That MA will be the key barometer going into the new trading day

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EURUSD moved to 50% retracement target today and backed off

2024-05-06

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What are the technical levels telling us in the EURUSD as traders work toward the close of day on Monday May 6.

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The AUDUSD is higher on the day but a ceiling area continues to stall the rallies

2024-05-06

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The 50% of the move down from December high is close support at 0.6615 area for the AUDUSD

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USDCHF rotates modestly lower after a sharp move lower last week. What levels are in play?

2024-05-06

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After resistance held against a key target last week, the run lower also stalled at a key swing area support target. What next for the pair?

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Kickstart your FX trading for May 6 w/a technical look at the EURUSD, USDJPY and GBPUSD

2024-05-06

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What technical levels are in play for the 3 major currency pairs to start the trading week?

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USDJPY Technical Analysis – Dip-buyers are back in force

2024-05-06

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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. 0:53 Technical Analysis with Optimal Entries. 1:54 Upcoming Economic Data....

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Yen Slips, Yuan Jumps, Dollar is Mostly Softer

2024-05-06

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2024-05-06

Overview: The dollar is mostly a little softer today in thin market conditions, with Tokyo, Seoul, and London closed for holidays. The Japanese yen is the weakest G10 currency, losing about 0.5% and slipping through last Friday's lows. At first, after Fed Chair Powell did not endorse rate hike speculation, the market thought he was dovish. But after the softer than expected jobs data and weakness in the ISM services, the market shifted from...

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May 2024 Monthly

2024-05-04

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2024-05-04

The resilience of the US economy and stickiness of price pressures spurred a reassessment of the trajectory of Fed policy. This sparked a sharp rise in US interest rates and extended the dollar’s advance. The somewhat disappointing April jobs report and a softer CPI report in the middle of May could signal that the interest rate adjustment is over. Federal Reserve Chair Powell played down the likelihood of the need to lift rates again, and as it...

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NZDUSD buyers took their shot above 200 day MA/50% retracement and missed

2024-05-03

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The NZDUSD broke above the 50% of the move down from the March high and the 200-day MA at 0.6033 to 0.6040 and failed.

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The price of Bitcoin falls to 50% of 2024 this week & bounces. Price back above 100 day MA

2024-05-03

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The 100-day MA is around $60,000. That is close support today and going forward.

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EURUSD sets technical levels in the ups and downs after the US jobs report.

2024-05-03

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What are the EURUSD key barometers technically after the ups and downs.

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AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?

2024-05-03

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The AUDUSD backs off toward key 100-day MA level at 0.6580

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USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.

2024-05-03

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The good news for USDCAD traders is the support held. Resistance is holding. The 50% midpoint sits between the extremes to act as a rudder for buyers and sellers technically in the USDCAD.

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USDCHF falls to the April low/swing area and bounces. Resistance now eyed. at 0.9070 now.

2024-05-03

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USDCHF technical levels are set after the soft US data

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Kickstart the FX trading day (post NFP) with a technical look at EURUSD, USDJPY, GBPUSD.

2024-05-03

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The US jobs report was weaker than expected and that has kicked the USD lower. What are the technicals telling us now?

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Dollar is Softer Ahead of the Employment Report

2024-05-03

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2024-05-03

Overview: The greenback is trading with a softer bias ahead of the US jobs report. Solid, even if not spectacular job growth, is expected. However, recent survey data warns of the downside risks. Moreover, counter-intuitively, the dollar has not often rallied this year into the employment data, but frequently has in response. The dollar is softer against the G10 currencies. The Norwegian krone is the strongest, up about 0.6% after the central bank...

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Gold Technical Analysis – Waiting for the US data to give us a direction

2024-05-03

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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. 0:28 Technical Analysis with Optimal Entries. 1:37 Upcoming Economic Data....

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AUDUSD traders looking for the next shove. The buyers have the tilt after sellers had shot

2024-05-02

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The sellers had their shot and missed. The price is back above MA levels.

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