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.
My articlesMy offerMy siteAbout meMy books
Follow on:LinkedINTwitterSeeking AlphaAmazon
Filter archive by: Show All Show only Articles Show only Videos

Heightened Threat of Japanese Intervention Pushes Greenback Away from JPY152

2024-03-27

by

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...

Read More »

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

2024-03-27

by

#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....

Read More »

Dollar’s Recent Gains Pared but Firm Undertone Remains Intact

2024-03-26

by

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...

Read More »

USDJPY Technical Analysis – The calm before the storm?

2024-03-26

by

#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....

Read More »

Greenback Consolidates Last Week’s Surge

2024-03-25

by

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...

Read More »

Gold Technical Analysis – We are approaching a key support zone

2024-03-25

by

#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....

Read More »

Week Ahead: Enthusiasm for the Dollar Rekindled

2024-03-23

by

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...

Read More »

Breakout or Reversal? USDJPY Tests Three-Year Highs and Triggers Sellers

2024-03-22

by

Has USDJPY formed a triple top at recent highs? What could boost sellers' confidence moving forward?

Read More »

EURUSD moves to a new session low and reaches the high of the next key target area

2024-03-22

by

Swing area being tested in the EURUSD between 1.07955 to 1.0805 area

Read More »

NZDUSD trades to a new session/week low but tests key support target in the process.

2024-03-22

by

What to expect in the NZDUSD going into the new trading week starting March 25, 2024

Read More »

USDCAD trades up and down this week with the pair now higher. What can we expect now?

2024-03-22

by

The USDCAD is back above a cluster of MAs but has work to do to increase the bullish bias for the pair to get out of the up and down range.

Read More »

Kickstart your FX trading day with a technical look at the EURUSD, USDJPY and GBPUSD

2024-03-22

by

What levels are in play today with a focus on a look ahead for the 3 major currency pairs. In the kickstart video, I take a look at the major currency pairs for March 22, 2024.  In the video, I look at the EURUSD, USDJPY and GBPUSD with a focus on what happened this week and what is ahead for today and going into the new week starting March 25. Get ahead of the curve, by understanding the bias, the risk, the targets with the look back and look...

Read More »

CNY7.20 Gives Way as Strong Greenback Proves Too Much

2024-03-22

by

2024-03-22

Overview: The dollar's post-FOMC sell-off has been completely reversed and the greenback has reached new highs for the week against most of the G10 currencies. Heightened intervention fears and softer US yields has helped steady the yen, which near unchanged now, and is the best performer. The Scandis and Antipodeans are the heaviest, off 0.65%-0.90%. For the first time since last November, the US dollar has risen above CNY7.20 and continued to...

Read More »

USDJPY Technical Analysis – WATCH OUT for a key breakout

2024-03-22

by

#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. 1:45 Technical Analysis with Optimal Entries....

Read More »

GBPUSD Technical Update: Stepping though technical levels on way to key day MAs

2024-03-21

by

The 100-day MA in the GBPUSD at 1.2625 and the 200-day MA at 1.2593 are the next key targets

Read More »

AUDUSD is erasing gains from better employment data and moves back into cluster of MAs

2024-03-21

by

AUDUSD pair tests cluster of MA for support between 0.6542 and 0.6585

Read More »

The USDCAD chart is sloppy as the ups and downs continue.

2024-03-21

by

The price of the USDCAD is trading within the cluster of MAs but above 100 and 200-day MAs.

Read More »

The SNB surprised with a cut today. What are the chart saying for USDCHF and EURCHF now?

2024-03-21

by

The USDCHF and EURCHF move higher after the surprise cut in interest rates by the SNB. What next from a technical perspective.

Read More »

Kickstart your FX trading for March 21 w/ a technical look at the EURUSD, USDJPY and GBPUSD

2024-03-21

by

There is a lot happening including news from Fed, SNB and BOE

Read More »

Market Hears a Dovish Fed and Sells the Greenback

2024-03-21

by

2024-03-21

Overview:  The Federal Reserve triggered a dollar sell-off yesterday and follow-through selling was seen in Asia before profit-taking emerged. That created a new dollar selling opportunity in early European turnover. The FOMC revised up this year's growth forecast, shaved the unemployment projection, and while maintaining the PCE deflator forecast, and the median dot remained for three cuts this year. The soft-landing scenario was underscored and...

Read More »