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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Higher for Longer Lifts the Dollar, while SNB Surprises Many by Standing Pat–Over to the BOE

2023-09-21

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2023-09-21

Overview: The Federal Reserve's hawkish hold, which included 50 bp less of cuts next year than it had signaled in June, has lifted the dollar against most currencies today. The notable exception is the Japanese yen. The greenback did extend its advance to new highs for the year before the market turned cautious ahead of the outcome of the Bank of Japan meeting tomorrow. The Swiss franc is the weakest of the G10 currencies after the Swiss National...

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S&P 500 Technical Analysis

2023-09-21

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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Exxon Mobil is setting for the breakout | Market Outlook with Exness

2023-09-20

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In this week's Market Outlook with Exness, we take a look at Exxon Mobil, amid the strength of Crude oil and increasing bullish sentiment for energy assets. Technically, it might break the 119.50 level: should this happen, bullish momentum can accelerate. The main event in focus: FED's decision and a press conference of Jerome Powell.

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AUDUSD is the biggest mover today with a gain of 0.74%. What are the technicals saying pre-FOMC?

2023-09-20

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As the clock ticks toward the FOMC rate decision, the AUDUSD is the biggest mover with a gain of 0.74%. What are the technicals saying ahead of the big decision.

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USDCHF moves lower after ceiling area stalls the rally this week. Key support approached.

2023-09-20

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The USDCHF tests the 200-hour MA at 0.89426 ahead of the FOMC rate decision today. The Federal Reserve is expected to keep rates unchanged. Also in play Is the Swiss National Bank. They are expected to raise rates by 25 basis points tomorrow.

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USDCAD stalls at the 200 day MA today. Now works back down toward 100 day MA.

2023-09-20

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The USDCAD is following the USD lower ahead of the FOMC rate decision

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

2023-09-20

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The FOMC rate decision at 2 PM will have a say in the price action. In this video, I take a technical look at the 3 major currency pairs - the EURUSD, USDJPY and the GBPUSD - and outline the levels that should tilt the technical bias more to the upside (bullish) or more to the downside.

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Softer UK CPI Weighs on Sterling and Lifts Gilts, while Yen Slumps to New Low for the Year, Ahead of the FOMC

2023-09-20

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2023-09-20

Overview: Softer than expected UK CPI has drawn attention ahead of the key event of the day, the FOMC meeting. The UK's CPI has spurred a dramatic rally in Gilts and saw sterling initially extend its recent losses, falling to new four-month lows before stabilizing. The swaps market sees less than a 50% chance of a hike by the Bank of England tomorrow. Meanwhile, even though US Treasury Secretary Yellen suggested conditions in which intervention by...

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WTI Crude Oil Technical Analysis

2023-09-20

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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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The EURUSD is centering itself between hourly MA levels. Fed decision 24 hour away.

2023-09-19

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The FOMC is expected to keep rates unchanged. What are the key levels in the EURUSD that would shift the bias more bullish or more bearish given a more dovish or hawkish tilt in the Fed's decision.

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USDCAD corrects into intraday resistance near 1.34306. Will the sellers enter?

2023-09-19

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The USDCAD price is back above the 100-day moving average and 50% midpoint. However, intraday resistance is at 1.3431. ?

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The AUDUSD tests the high from last week, but finds willing sellers

2023-09-19

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The high from last week at 0.64729 stalled the rally today. The price has rotated lower to a swing area between 0.64536 and 0.64607.

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

2023-09-19

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A technical look of the 3 major currency pairs to kickstart your trading day on September 19, 2023

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The Canadian Dollar Shines in a Mostly Consolidative FX Market Ahead of the Flurry of Central Bank Meetings

2023-09-19

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2023-09-19

Overview: Ahead of the flurry of central bank meetings, starting with the Federal Reserve and Brazil tomorrow, the dollar is largely consolidating in narrow ranges. The euro, sterling, and yen are trading slightly heavier, while the dollar bloc and Scandis enjoy a firmer bias. The Canadian dollar stands out as is trades at its best level since mid-August ahead of its CPI report and despite a diplomatic dispute with India and the failure of...

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GBPUSD Technical Analysis

2023-09-19

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

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USDJPY mired in a 32 pip trading range but nontrend transitions to trend. Be aware.

2023-09-18

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The USDJPY is doing nothing, but that is the time to think about the next move. It may be a trend move too.

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Broader US stock indices try to shift its bias in the short term more to the upside

2023-09-18

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S&P indexes back above its 200 hour moving average. NASDAQ indexes just below that the moving average level

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USDCAD sellers are making a play with a break below 1.34923

2023-09-18

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The USDCAD is breaking below a key support at 1.34923 and will now target the 38.2% retracement/200 day moving average at the 1.3464 level. Will below that level opens a door for further selling....

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Kickstart your trading day (and week) with a look at the EURUSD, USDJPY and GBPUSD

2023-09-18

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Join us as we kickstart your trading day and week with an insightful analysis of the EURUSD, USDJPY, and GBPUSD. Despite a slow start to the trading week, we examine the modest trading ranges in these major currency pairs. In this video, we outline the pivotal levels currently in play and provide a comprehensive explanation of why these levels are crucial for your trading decisions in the EURUSD, USDJPY, and GBPUSD.

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Calm Before the Storm: Greenback Confined to Narrow Ranges

2023-09-18

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2023-09-18

Overview:  With many central bank meetings in the days ahead, the dollar has begun the new week on a quietly and mostly in tight ranges, helped by a holiday in Tokyo. G10 currencies, outside of the Scandis are slightly firmer in European turnover. Emerging market currencies are narrowly mixed, but of note the 0.25% decline makes the Chinese yuan the weakest. The Mexican peso is extending its recovery into the seventh consecutive session. While...

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