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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April 2024 Monthly

2024-03-30

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2024-03-30

The macroeconomic and geopolitical developments have not changed substantially over the past month. The resilience of the US economy allows the Federal Reserve to put more emphasis on achieving price stability. While the market favors a June cut (66% vs. 80% at the end of February), it has not been fully discounted for over a month. The biggest event in March may have been the well-telegraphed exit from negative interest rate policy and Yield...

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USDJPY Technical Analysis – Waiting for a breakout

2024-03-29

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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. 1:43 Technical Analysis with Optimal Entries. 3:08 Upcoming Economic Data....

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AUDUSD rebounds higher after dump lower runs out of steam and snaps back higher.

2024-03-28

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The price of AUDUSD fell below trend line support and ran lower but the NY session is seeing a snapback rally.

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USDCAD continues its ups and downs and returns to support.

2024-03-28

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The USDCAD traders are respecing both high and low targets

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USDCHF tests a cluster of support as buyers take profit. Can support area hold?

2024-03-28

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The USDCHF is testing iss100 hour MA, swing level and 38.2% on the daily chart above and below 0.9020 area.

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Kickstart the FX day for March 28 with a technical look at the EURUSD, USDJPY and GBPUSD

2024-03-28

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Discover the Bias, Risks, and Targets for Major Currency Pairs - EURUSD, USDJPY, GBPUSD

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Waller Pushes on Open Door: Push for Patience Lifts the Dollar, Complicating Japanese Efforts

2024-03-28

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2024-03-28

Overview: Comments by Fed Governor Waller, urging patience on rates and wanting more evidence that price pressures are moderating has helped the greenback extend its recent gains. The yen is the notable exception as the fear of intervention has restrained the dollar bulls. Poor German data, including a sharp 1.9% drop in February retail sales, the fourth consecutive monthly decline, underscored the euro's negative divergence, and the single...

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EURUSD Technical Analysis – Watch what happens at this key support zone

2024-03-28

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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. ------------------------------------------------------------------------------------ Website: https://www.forexlive.com/ Twitter: https://twitter.com/ForexLive Facebook: https://www.facebook.com/forexlive/...

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Bitcoin makes a new high, and them makes a new low for the day. What next?

2024-03-27

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Volatile up and down trading as buyers and sellers push prices around.

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AUDUSD sellers pushed below trend line support but failed in what is an up and down day

2024-03-27

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The price action in the AUDUSD has been up and down today, with the lows trying to break below a lower upward sloping trend line. Those breaks have failed keeping the buyers in play.

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USDCAD backs off from ceiling area again

2024-03-27

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The ceiling going back to November/December 2023 and over the last 5 weeks at 1.36049 to 1.35269 Staying below, keeps the sellers in play (and in short term control too).

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USDCHF continues its run to the upside as the buyers keep the momentum going

2024-03-27

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The USDCHF runs away from its 38.2% retracement of the move down from the 2022 high at 0.90254.

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Kickstart the FX trading day for March 27 w/a technical look at EURUSD, USDJPY and GBPUSD

2024-03-27

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The morning technical review of the 3 major currency pairs for March 27, 2024

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Heightened Threat of Japanese Intervention Pushes Greenback Away from JPY152

2024-03-27

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2024-03-27

Overview: The dollar neared JPY152, setting a new 34-year high. This appeared to spur a senior official meeting in Tokyo, ostensibly to talk about the response. Previously, we suggested that Friday, when most markets outside of Asia will be closed, could provide an interesting opportunity for intervention. The implicit threat was enough to take the dollar to JPY151.10 in the European morning. Most of the G10 currencies are softer against the dollar...

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WTI Crude Oil Technical Analysis – Dip buying opportunities ahead of the key resistance

2024-03-27

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#crudeoil #futures #technicalanalysis In this video you will learn about the latest fundamental developments for WTI Crude Oil. 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. 2:17 Upcoming Economic Data....

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Dollar’s Recent Gains Pared but Firm Undertone Remains Intact

2024-03-26

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2024-03-26

Overview: After surging at the last week, the dollar consolidated yesterday and is continuing to do so today as slightly lower levels. The Swiss franc is the only G10 currency unable to gain traction against the greenback today. Still, the dollar's pullback has barely met the minimum retracement targets of the jump last Thursday and Friday. The PBOC lower the dollar's fix slightly, but the proverbial toothpaste is out of the tube and officials are...

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USDJPY Technical Analysis – The calm before the storm?

2024-03-26

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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. 1:42 Technical Analysis with Optimal Entries. 3:19 Upcoming Economic Data....

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Greenback Consolidates Last Week’s Surge

2024-03-25

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2024-03-25

Overview: After surging at the end of last week, the dollar is consolidating today. Stepped up verbal intervention by Japan's currency chief Kanda and a slightly weaker dollar fix by the PBOC seemed to take the wind from the dollar sails. Except for the Swiss franc and Swedish krona, the G10 currencies are showing a slightly firmer tone. Emerging market currencies are mixed, with central European currencies leading the advancers. The Taiwanese...

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Gold Technical Analysis – We are approaching a key support zone

2024-03-25

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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. 2:24 Upcoming Economic Data....

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Week Ahead: Enthusiasm for the Dollar Rekindled

2024-03-23

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2024-03-23

Last week will be remembered for several things. First, the Bank of Japan lifted its interest rate target for the first time in 17 years and formally ended its Yield Curve Control and ceased buying ETFs. The yen sold off and the dollar approach the 2022 and 2023 cap slightly below JPY152. Japanese officials have used the language that has signaled heightened risk of intervention in the past. Second, the Swiss National Bank became the first G10...

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