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 FX trading day for May 8 w/ a technical look at EURUSD, USDJPY and GBPUSD

2024-05-08

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The USD is higher to start the North American trading day. What to look for ahead?

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Macro Conviction: Techniques to Ride the Wave

2024-05-08

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Master the art of holding onto winning trades with conviction in this exclusive webinar, presented by Chief Currency Analyst Adam Button. In coordination with PU Prime, Adam will delve into his journey, tested strategies, and insights on overcoming common trading pitfalls. Key Discussion Points: Strategies for building trade conviction Overcoming fear, greed, and other emotional traps The role of game-changing events in the market Developing your...

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Riksbank Cuts, Oil Slips, and the Yen Remains Under Pressure

2024-05-08

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2024-05-08

(On business trip over next few days. Commentary to resume Monday.  Thanks for your patience.) Overview: Sweden's Riksbank became the second G10 central bank to cut rates this year. The Swiss National Bank cut its deposit rate in March. A couple other large central banks, including the European Central Bank, and possibly the Bank of Canada, may cut rates next month. The Swedish krona is the weakest of the G10 currencies today, off by about 0.45%,...

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USDJPY Technical Analysis – The 160.00 handle is now in sight

2024-05-08

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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. 0:55 Technical Analysis with Optimal Entries. 1:54 Upcoming Economic Data....

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USDCAD runs higher and breaks through a series of technical targets along the way.

2024-05-07

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The pair moved above the 100/200 hour MA and then the 100 bar MA on the 4-hour chart.

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EURUSD trades to new lows for the day/week and approaches a key target support level

2024-05-07

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The EURUSD is moving closer to a key support target defined by a cluster of technical levels at 1.07458

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AUDUSD bounces ahead of the 100-day MA today. What next technically for the pair?

2024-05-07

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On the topside, the high price from last week and this week stalled at a key swing ceiling area between 0.6635 and 0.6648

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USDCHF:Buyers had their shot with a move above the 200 bar MA on the 4-hour chart. They missed.

2024-05-07

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The USDCHF trades to new lows for the day after the failure above the 200 hour moving average on 4-hour chart at 0.90797

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Kickstart your FX trading for May 7 w/ a technical look at the EURUSD, USDJPY and GBPUSD

2024-05-07

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What key levels are in play for the 3 major currency pairs?.

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Market Pushes the Yen Lower, Helped by a Broadly Firmer Greenback

2024-05-07

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2024-05-07

Overview: The dollar is firmer against all the G10 currencies today. The market is somewhat less fearful of intervention and the yen is extending yesterday's losses. It is rivaling the Australian dollar for the weakest of the major currencies after the Reserve Bank of Australia left rates on hold and played down speculation of possibility of a rate hike. Both currencies are off around 0.4% in late European morning turnover. Disappointing German...

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EURUSD Technical Analysis – A look at some key levels ahead of the US CPI data

2024-05-07

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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. 0:53 Technical Analysis with Optimal Entries. 1:50 Upcoming Economic Data....

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USDJPY stays above the 200 bar MA on 4-hour chart. Buyers in control above the MA.

2024-05-06

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That MA will be the key barometer going into the new trading day

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EURUSD moved to 50% retracement target today and backed off

2024-05-06

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What are the technical levels telling us in the EURUSD as traders work toward the close of day on Monday May 6.

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The AUDUSD is higher on the day but a ceiling area continues to stall the rallies

2024-05-06

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The 50% of the move down from December high is close support at 0.6615 area for the AUDUSD

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USDCHF rotates modestly lower after a sharp move lower last week. What levels are in play?

2024-05-06

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After resistance held against a key target last week, the run lower also stalled at a key swing area support target. What next for the pair?

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Kickstart your FX trading for May 6 w/a technical look at the EURUSD, USDJPY and GBPUSD

2024-05-06

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What technical levels are in play for the 3 major currency pairs to start the trading week?

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USDJPY Technical Analysis – Dip-buyers are back in force

2024-05-06

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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. 0:53 Technical Analysis with Optimal Entries. 1:54 Upcoming Economic Data....

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Yen Slips, Yuan Jumps, Dollar is Mostly Softer

2024-05-06

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2024-05-06

Overview: The dollar is mostly a little softer today in thin market conditions, with Tokyo, Seoul, and London closed for holidays. The Japanese yen is the weakest G10 currency, losing about 0.5% and slipping through last Friday's lows. At first, after Fed Chair Powell did not endorse rate hike speculation, the market thought he was dovish. But after the softer than expected jobs data and weakness in the ISM services, the market shifted from...

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May 2024 Monthly

2024-05-04

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2024-05-04

The resilience of the US economy and stickiness of price pressures spurred a reassessment of the trajectory of Fed policy. This sparked a sharp rise in US interest rates and extended the dollar’s advance. The somewhat disappointing April jobs report and a softer CPI report in the middle of May could signal that the interest rate adjustment is over. Federal Reserve Chair Powell played down the likelihood of the need to lift rates again, and as it...

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NZDUSD buyers took their shot above 200 day MA/50% retracement and missed

2024-05-03

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The NZDUSD broke above the 50% of the move down from the March high and the 200-day MA at 0.6033 to 0.6040 and failed.

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