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.

NZDUSD stretches back higher but running into MA resistance

The 200 bar MA on the 4 hour chart is being tested at 0.5846, but finding will sellers near the level. Buyers and sellers are battling.

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USDCHF sellers test key support as downside momentum builds below major MAs

Break below the 100-day MA and 38.2% retracement would strengthen bearish control, while 0.79235 remains the risk-defining ceiling for sellers

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USDCAD falls to new session lows after a ceiling near 1.3860 stalled the rise

The 200 day MA and the 50% retracement of the move up from the March 23 low at 1.3816 is the key target for sellers to get below now.

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The USD is mixed vs the major currencies to kickstart the Thursday trading

US stocks are marginally lower. Yields are marginally lower. Oil is keeping a lid under $100, but above $95

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Rough Start to Ceasefire Curbs Yesterday’s Enthusiasm

It seemed clear that yesterday’s euphoric reaction to the two-week ceasefire was exaggerated. Ceasefires often have been plagued with disputes and violations at the start. This one is no different. At the same time, Israel’s action in Lebanon complicates the situation and there is some dispute whether it was covered by the ceasefire. President Trump …

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Gold remains supported amid the US-Iran ceasefire as focus turns to negotiations

#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 Overview 0:58 Technical Analysis with Optimal Entries 2:10 Upcoming Catalysts...

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EURUSD consolidates near highs and holding above a cluster of technical levels

The 50% retracement, the 200 day MA and the 100 day MA create a cluster of close support for the EURUSD between 1.1667 to 1.1685

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S&P and Nasdaq indices come off highs. 100 day MA remains unbroken. Ceasefire in jeopardy

There are a some concerns from both sides on the ceasefire.

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The NZD is the biggest mover vs the USD. RBNZ keeps rates unchanged.

Risk on flows seen into the NZDUSD. What are the technicals telling traders right now.

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USDCHF falls below the 100 day MA on the tumble lower

What will traders be focused on now to keep the momentum going? What would spoil the sellers joy?

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The USDCAD is lower but it is seeing more of a bounce. What would worry the seller?

The USDCAD is bouncing off low levels after a break below an upward sloping trend line failed. What next for the pair?

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The war unwind is on. Oil lower, Yields lower. Stocks higher and the USD lower

What has the move lower in the USD done to the technicals with hopes for peace and denuclearization? I will outline the new technical storyline in the video.

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Ceasefire Lifts Animal Spirits

Risk appetites have been excited by the two-week cease fire in the Middle East. Stocks and bonds have rallied strongly. The precious metals are higher. May WTI is off more than 15%. June Brent is about 13% lower. The US dollar is weaker against all the G10 and emerging market currencies that are trading. The … Continue reading...

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The US Dollar sinks on the US-Iran ceasefire agreement; USDJPY approaches a key support

#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 Overview 1:40 Technical Analysis with Optimal Entries 2:47 Upcoming Catalysts...

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Stocks erasing most of losses. Yields move lower. Oil lower and the USD moves lower.

USD falls to new lows vs most of the major currencies..

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S&P index falls away from trend line resistance. Trades above and below 100 hour MA

The 100 hour MA comes in at 6555.53. The 200 day MA is up at 6650.68.

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AUDUSD Technicals: AUDUSD pinned between trend line above and MAs below

The 200 hour MA and then 100 hour MA stalled the falls today. The rebound higher found willing sellers near a topside trend line.

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On the Edge of the Abyss

The dollar is mostly narrowly mixed against the G10 currencies. Leaving aside the Swedish krona, which has fallen nearly 0.75% on the back of an unexpected soft March CPI, the other G10 currencies are +/- less than 0.2%. Investors remain on edge ahead the US ultimatum deadline, which is in the Asia Pacific session today. … Continue reading...

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Cease-Fire Hopes Blunt US Ultimatum

The US deadline on Tehran for re-opening the Strait of Hormuz has subtly shifted until tomorrow. The holiday-thinned market initially bought dollars and oil and took risk off in response to the continued attacks and the escalation of US rhetoric. However, negotiations, apparently led by Pakistan, Egypt, and Türkiye for a 45-day cease fire, have …

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Week Ahead: It’s Still Mostly about the War

The Middle East war remains the dominant fundamental condition. There continues to be some indication that market participants are hopeful of a resolution soon. The May WTI contract settled near $111.55 last week, which appears to build in the risk of near-term escalation, but the June contract settled close to $98. The September contract is …

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