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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It is time to get ready for the US CPI. What levels are key for the EURUSD?

2023-08-10

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Join us for an insightful analysis of the ongoing battle between buyers and sellers as the current price action toggles above and below the critical 100/200 hour Moving Averages (MAs). Gain valuable insights into the dynamics at play and uncover potential trading opportunities in this intriguing market scenario.

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USDJPY ticks to a new high and moves away from a key swing area in the process

2023-08-09

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Explore the USDJPY's impressive 3-day consecutive rise and its potential implications in this comprehensive analysis. Discover how the price has surged above a critical swing area ranging from 143.44 to 143.54, establishing a new risk level for traders. Staying above this level could signal a more bullish sentiment, while a move below may trigger a downside retracement following the break. In anticipation of the upcoming US CPI release, where...

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After Strong Demand for US Three-Year Notes, Treasury will Sell $38 bln 10-year Notes

2023-08-09

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2023-08-09

Overview: The first leg of the US refunding was well received, with the three-year note being scooped up by investors, driving the yield below it was trading in the when-issued market. Today, the Treasury sells $38 bln 10-year notes, whose auctions have been less than stellar recently. The US 10-year yield reached 4.20% last week and is now straddling 4%. Italian bonds are also firm as the Italian government clarifies the new tax on banks' windfall...

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WTI Crude Oil Technical Analysis

2023-08-09

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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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AUDUSD sellers are more in control. Close risk is the 61.8% on daily and 100 hour MA

2023-08-09

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Uncover the crucial levels shaping the AUDUSD's trading landscape in this insightful analysis. Learn how the 61.8% Fibonacci retracement of the range from the 2022 low, located at 0.65468, and the 100-hour moving average at 0.6552 play a pivotal role in influencing the AUDUSD's direction. Stay tuned as we delve into the implications of staying below these levels, potentially leading to a more bearish sentiment for the AUDUSD.

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GBPUSD trades between its 100 and 200 hour MAs.

2023-08-09

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Dive into the intricate dynamics of the GBPUSD trading pair in this comprehensive analysis. Explore the current situation where GBPUSD is positioned between its 100 and 200-hour moving averages, resulting in a neutral technical bias in the short term.

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The USDJPY buyers need to break above 143.54 to increase the bullish bias. Watch to understand why.

2023-08-09

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Join us as we delve into the dynamics of the USDJPY trading pair. In this video, we analyze the crucial resistance level at 143.54 that USDJPY buyers need to breach to strengthen the bullish momentum. Discover the factors behind this pivotal point and gain insights into the potential impact on the pair's future price movements.

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For the EURUSD in trading today it is above the 100 hour MA above and the 100 day MA below

2023-08-08

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Dive into the latest developments of the EURUSD trading pair with our comprehensive analysis. In today's trading session, the EURUSD is positioned above the 100-hour moving average (MA) and below the 100-day MA. While short-term sellers retain some influence, the focus remains on the critical 100-day MA as a potential turning point.

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Risk Appetites Squashed by Weak Chinese Imports/Exports and Moody’s Downgrade of 10 US Banks

2023-08-08

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2023-08-08

Overview: The combination of falling Chinese imports and exports, Moody's downgrade of ten US small and medium-sized banks is serving to squash risk appetites. Equities are weak, but bond markets are strong despite the surprise tax on Italian banks announced yesterday and the kick-off of the US $103 bln refunding today. Outside of Japan and Australia, Asia Pacific equity markets were lower led by a 1.8% drop in the Hang Seng and a nearly 2.2% loss...

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EURUSD Technical Analysis

2023-08-08

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Here's a quick technical analysis on EURUSD with some fundamental background. For more visit ForexLive.com

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Canada was on holiday on Monday but that did not stop the USDCAD from reaching a key level

2023-08-07

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While Canada observed a holiday on Monday, the USDCAD managed to reach a significant milestone by testing its 100-day moving average (MA). The currency pair encountered willing sellers at this crucial level, resulting in a price retreat. Now, the question arises: What lies ahead for the USDCAD? In this analysis, we closely examine the USDCAD's price action, discuss the implications of the test of the 100-day MA, and explore potential scenarios for...

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Forex quick look at the EURUSD, USDJPY, GBPUSD and AUDUSD to start the Asian session

2023-08-07

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As the Asian trading session begins, join us for a rapid yet insightful overview of key levels and trends in some major currency pairs. We focus on the EURUSD, USDJPY, GBPUSD, and AUDUSD, highlighting the technical levels that are poised to influence these currency pairs as they head into the new trading day. In this quick analysis, we discuss support and resistance levels, potential breakout points, and market sentiment cues. Stay informed and...

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Dollar Comes Back Bid

2023-08-07

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2023-08-07

Overview: The US dollar is recovering today after it was sold following the jobs report before the weekend. It is enjoying a firmer bias against nearly all the G10 currencies. The dollar-bloc is faring best, while the Scandis are off close to 0.5%. Most emerging market currencies are also softer, with only a few Asian currencies edging higher today, including the South Korean won, Indian rupee, and Taiwanese dollar. With a stronger dollar and...

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S&P 500 Technical Analysis

2023-08-07

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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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AUDUSD buyers are making a play with a test of the 100 hour MA

2023-08-07

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The AUDUSD is currently experiencing a dynamic tug-of-war as buyers make a notable play by testing the 100-hour moving average (MA). The pivotal question arises: Can buyers successfully drive the price above the MA and maintain their position, or will sellers exert their influence and push the pair back lower? In this analysis, we closely examine the ongoing battle between buyers and sellers in the AUDUSD, discuss the significance of the 100-hour...

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The biggest mover to start the week is the USDCHF. What technical levels are in play?

2023-08-07

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Kicking off the trading week, the USDCHF takes the spotlight as one of the most significant movers. Presently, the currency pair is navigating between critical hourly moving average (MA) levels, shaping its price action dynamics. In this analysis, we closely examine the USDCHF's performance, discuss the importance of the key hourly MA levels, and explore potential scenarios for the currency pair's movements as the week unfolds. Stay informed and...

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USDJPY trades near MA/retracement support to start the trading week

2023-08-07

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As the new trading week unfolds, the USDJPY currency pair is showing notable price action near crucial technical levels. The 200-hour moving average (MA) and the 38.2% retracement of the most recent upward move are currently providing support for the pair. In this analysis, we closely examine the USDJPY's price movements, discuss the significance of the 200-hour MA and retracement level, and explore potential scenarios for the currency pair's...

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Week Ahead: Is the Dollar’s Run since Mid-July Over?

2023-08-05

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2023-08-05

The US and China report July CPI figures in the coming days and they are likely moving in opposite directions. Headline US CPI is likely to rise for the first time since peaking in June 2022. China's CPI has been slowing and is likely to go negative on a year-over-year basis. It finished last year at 1.8% and in June was unchanged year-over-year. The divergence of policy is what is driving force of the exchange rate, and the    question is not...

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End of week technical look at the EURUSD as we head toward a new trading week

2023-08-04

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EURUSD back above 50% midpoint on daily chart and moving away from 100 day MA too

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GBPUSD ending European session near highs. Short term bias shows buyers “in play”.

2023-08-04

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End of week technical view of the GBPUSD as the clock ticks to close for the trading week.

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