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 the April 8 trading week w/ a technical look at the major currency pairs.

2024-04-06

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Discover crucial technical levels for major currencies vs. USD to enhance your forex trading strategy

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Week Ahead: Strong US Jobs Data Failed to Sustain Dollar Rally, Can the March CPI do Better?

2024-04-06

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2024-04-06

The March US employment data were stronger than expected and lend support to the re-acceleration hypothesis and an extension of US exceptionalism. In Q1 24, nonfarm payrolls rose by an average of 276k. It was the strongest quarter in a year and compares with an average monthly job gain of about 251k in 2023. The unemployment rate slipped as the household survey jumped around 500k after falling in the previous two months. The workweek increased, and...

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EURUSD lower and back below 200 day MA, but buyers on the dip near support. What next?

2024-04-05

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The EURUSD fell to the 100/200 hour MA and briefly moved below on the stronger US jobs report, but has seen a bounce. What happened the week? What can we expect going forward technically?

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US Employment Data to Set Dollar’s Course

2024-04-05

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2024-04-05

Overview: The focus is squarely on the US employment report. At the risk of oversimplifying, given the position adjustment in the past 48 hours, a solid report can see the greenback recover, while a disappointing report will likely see it deepen the correction of the rally that began with the February jobs report. The dollar recovered in the North American afternoon yesterday and many observers attributed it to the bevy of Fed comments. Yet, the...

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USDJPY Technical Analysis – WATCH OUT for the NFP for a possible breakout

2024-04-05

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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. 1:59 Technical Analysis with Optimal Entries. 3:39 Upcoming Economic Data....

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GBPUSD trades to new session lows and targets the 200/100 hour MAs next

2024-04-05

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The 200-day MA is also a key target for the GBPUSD on more downside momentum.

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USDJPY short-term sentiment shifts towards sellers

2024-04-05

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USDJPY tilts downside bias as it drops below 100/200 hour MA amidst risk-off sentiment and lower yields

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EURUSD retraces all the gains in Thursday’s trading and restarts the new day at 200D MA

2024-04-04

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The 200-day MA is at 1.08314 and that is now close support for traders

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Greenback Losses Extended, but Look for Consolidation in North America

2024-04-04

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2024-04-04

Overview: The softer-than-expected ISM services report caught the market leaning the wrong way. Although interest rates had a muted reaction, the dollar was sold. In fact, the Dollar Index saw its second-biggest loss of the year, falling by about 0.50%. ISM services prices paid increases moderated to their slowest since March 2020. Supplier deliveries improved to their best since 2009, suggesting a supply chain improvement. Still, the Fed funds...

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Gold Technical Analysis – WATCH these signals for a correction

2024-04-04

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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. 0:39 Technical Analysis with Optimal Entries. 2:43 Upcoming Economic Data....

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USDJPY remains above 100/200 hour MA & below a solid ceiling as buyers and sellers battle

2024-04-03

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The ceiling at 30+ highs comes between 151.91 to 151.97. Support at the 100/200 hour MA at 151.51 to 151.447. Traders looking for a break and a run outside one of the extremes.

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EURUSD rallies toward key moving average amid weak ISM data

2024-04-03

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EURUSD tests 38.2% retracement level after ISM nonmanufacturing data; 200-day MA looms ahead

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AUDUSD moves higher after softer ISM data, and towards a key cluster of moving averages.

2024-04-03

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What next for the AUDUSD after the run higher.

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USDCAD muddles along today but remains above key moving average support.Can that continue?

2024-04-03

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The USDCAD 100 bar moving average on the four hour chart comes in at 1.35468. That is close support for traders today.

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USDCHF moves to new highs for the year and pushes away from 38.2% retracement

2024-04-03

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The 38.2% retracement of the USDCHFs move down from the 2022 high comes in at 0.90252. Staying above that is more bullish in the short and long term now.

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Kickstart your FX trading for April 3 w/ a technical look at the EURUSD, USDJPY and GBPUSD

2024-04-03

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The USDJPY is pushing against the highs from 2022, 2023 and 2024 to start the US trading day.

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Rate Adjustment Underpins Greenback

2024-04-03

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2024-04-03

Overview: The adjustment to US interest rates continues and this helps underpin the US dollar. The 10-year yield rose to 4.40% yesterday, the highest it has been since last November. It is trading 4.34%-4.38% today. The two-year yield is firm though holding below the Q1 high set last month near 4.75%. This week, for the first time since last October, the Fed funds futures do not have at least a quarter point cut discounted for July. As recently as...

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EURUSD Technical Analysis – The bearish bias remains intact

2024-04-03

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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. 1:27 Technical Analysis with Optimal Entries. 3:01 Upcoming Economic Data....

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NZDUSD support and resistance has been set against technical levels.What are they and why?

2024-04-02

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The NZDUSD found support defined by a technical target and has retraced to a technical level. Want to know what they are and why?

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AUDUSD rebounds higher today after fall yesterday, but stalls at target resistance level.

2024-04-02

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The AUDUSD fell yesterday but is taking back the declines today. However, resistance at 0.6523 stalls the rally

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