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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US dollar moves lower vs all the major currencies. The greenback is the weakest currency.

2023-08-30

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The USD is now the weakest of the major currencies. What are the risk and the targets now for the major currency pairs?

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AUDUSD buyers make a play with work to do to give buyers more control

2023-08-30

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Getting to and through the 38.2% retracement of the move down from the July 27 high at 0.65378 still needed

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August 30, 2023: Kickstart your FX trading day. A technical look at EURUSD, USDJPY, GBPUSD

2023-08-30

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What is driving the EURUSD, USDJPY, GBPUSD technically to start the US trading day on August 30, 2023

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Market Awaits US Data and Leadership

2023-08-30

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2023-08-30

Overview:  The dollar staged a major technical reversal yesterday, in a dramatic reaction to a considerably weaker JOLTs report than expected, spurring a large drop in US interest rates. And this is despite press reports that the participation rate in the survey is half of what was three years ago. We suspect the price action said as much about market positioning as it did about the data. The path to the US jobs data on Friday goes through...

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WTI Crude Oil Technical Analysis

2023-08-30

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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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Technical look at major cross currency pairs: A look at the EURGBP, EURJPY and GBPJPY

2023-08-29

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Up and down price action in the major cross currency pairs. In this video, I take a quick technical look at 3 major cross currency pairs: EURGBP, EURJPY, and GBPJPY

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USDCAD can’t extend above yesterday’s high and falls to 100 hour MA support target

2023-08-29

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The 100 hour MA comes in at 1.3579 and into a swing area between 1.3564 and 1.35856

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USDCHF moves lower and tests the 100 bar MA on 4-hour chart

2023-08-29

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The 100 bar MA on 4-hour chart at 0.8789 is the downside target and will need to be broken to increase the bearish bias.

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Bitcoin surges to the upside. What are the technicals telling us now?

2023-08-29

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The price of bitcoin runs higher on positive fundamental news, but is running into retracement and moving average resistance. Find out what is driving the digital currency technically.

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AUDUSD tilts bias to the downside as dollar buying pushes the pair below hourly MAs

2023-08-29

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The AUDUSD's 100 and 200-hour MAs at 0.6423 to 0.64586 are now close risk. Stay below is more bearish for the pair.

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Kickstart your forex trading day. A technical look at the EURUSD, USDJPY and GBPUSD.

2023-08-29

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What is driving those currency pairs technically on August 29, 2023

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Still No Follow-Through Dollar Buying After Last Week’s Surge

2023-08-29

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2023-08-29

Overview: The dollar was threatening to break higher at the end of last week, and the euro and sterling closed below key supports. However, so far this week, the greenback is consolidating and has not seen follow-through buying. The key data this week, US consumption and jobs, and the eurozone's CPI still lay ahead. The Antipodeans and Norwegian krone enjoy a firmer today. A 0.8% contraction in Sweden's Q2 GDP was not as deep as had been feared,...

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GBPUSD Technical Analysis

2023-08-29

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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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Dollar Consolidates as Market Considers Breakout and Rebuffs Beijing’s Latest Efforts

2023-08-28

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2023-08-28

Overview: Many market participants sense an inflection point is near. The dollar settled last week beyond key levels against several major currencies, bolstered by higher short-term US rates. The market is aware that the Bank of Japan could intervene in the foreign exchange market with the trading near its best levels of the year, and the 10-year JGB yield grinding higher. Beijing cut the tax on equity transactions, will restrict IPOs, and urged...

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S&P 500 Technical Analysis

2023-08-28

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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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Week Ahead: Slowing US Jobs and Softening EMU Inflation

2023-08-26

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2023-08-26

The Jackson Hole symposium marks the end of summer just as much as the autumn equinox next month. It has been a tough few months for bond markets as yields have soared. For the US economy, which has proven more resilient than many, including Fed officials thought, and a sharp increase in anticipated supply of Treasuries, the rise in yields may be understandable. The rise in Japanese government bond yields may also make sense given the rise in...

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A technical look at the major currency pair after Fed Chair Powell Jackson Hole speech

2023-08-25

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The USD is reversing back higher after a run lower could not be sustained

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AUDUSD trades below the 100/200 hour MAs ahead of Chair Powell speech (bearish tilt)

2023-08-25

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The AUDUSD 100/200 hour MAs are near 0.6432 area

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USDCAD buyers are more in control, but a 1.3603 ceiling is being built

2023-08-25

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If the USDCAD can get above 1.3603, it should open the upside more for the pair. Conversely move below 1.3564 would be a precursor to a shift more to the downside today.

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August 25, 2023: Kickstart your FX trading with a technical look at the EURUSD, GBPUSD and USDJPY

2023-08-25

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A technical look at the 3 major currency pairs as traders prepare for the Fed Chair speech at Jackson Hole

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