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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Broader US stock indices try to shift its bias in the short term more to the upside

2023-09-18

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S&P indexes back above its 200 hour moving average. NASDAQ indexes just below that the moving average level

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USDCAD sellers are making a play with a break below 1.34923

2023-09-18

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The USDCAD is breaking below a key support at 1.34923 and will now target the 38.2% retracement/200 day moving average at the 1.3464 level. Will below that level opens a door for further selling....

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Kickstart your trading day (and week) with a look at the EURUSD, USDJPY and GBPUSD

2023-09-18

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Join us as we kickstart your trading day and week with an insightful analysis of the EURUSD, USDJPY, and GBPUSD. Despite a slow start to the trading week, we examine the modest trading ranges in these major currency pairs. In this video, we outline the pivotal levels currently in play and provide a comprehensive explanation of why these levels are crucial for your trading decisions in the EURUSD, USDJPY, and GBPUSD.

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Calm Before the Storm: Greenback Confined to Narrow Ranges

2023-09-18

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2023-09-18

Overview:  With many central bank meetings in the days ahead, the dollar has begun the new week on a quietly and mostly in tight ranges, helped by a holiday in Tokyo. G10 currencies, outside of the Scandis are slightly firmer in European turnover. Emerging market currencies are narrowly mixed, but of note the 0.25% decline makes the Chinese yuan the weakest. The Mexican peso is extending its recovery into the seventh consecutive session. While...

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Week Ahead: Thumbnail Sketch of Central Bank Meetings

2023-09-16

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2023-09-16

The week ahead is dominated by central bank meetings. Six of the G10 central banks meets. The post-Covid monetary tightening cycle is ending. The start was not synchronized, and neither will be end. It is tempting to think that those that began the tightening cycle early will among the first to finish. Among emerging markets that is true for Brazil and Chile, both of whom have begun cutting rates. And Brazil is likely to deliver the second cut in...

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WTI crude futures settle at $90.77. What are the technicals telling traders?

2023-09-15

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WTI crude oil futures are up $0.61 or 0.68% on the trading day

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GBPUSD tests low of swing area as traders work toward the day end and look to next week’s trading

2023-09-15

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What key levels are in play and why heading into the new trading week starting on September 18, 2023

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EURJPY trading up and down over the last 5 – 6 weeks. What is needed to get out of range?

2023-09-15

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Buyers today push the price toward moving average levels on the 4 hour chart near 158.00

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AUDUSD bounces off the 100 hour MA for the 3rd day in a row

2023-09-15

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The buyers in the AUDUSD holding onto control above the 100 hour MA at 0.64307. Staying above keeps the buyers in play and more in control.

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USDCHF higher this week and above a swing area. What next?

2023-09-15

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The USDCHF is above a swing area between 0.89347 and 0.89472. Stay above is more bullish

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The USDCAD rebounds higher to test a key barometer at the 100 hour moving average

2023-09-15

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The 100 hour moving average currently comes in at 1.3547. Key barometer for both buyers and sellers today.

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

2023-09-15

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In the morning forex video, I kickstart the trading day by taking at technical look at the EURUSD, USDJPY and GBPUSD.

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USDJPY Technical Analysis

2023-09-15

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

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The EURUSD is lower and so are the EURGBP and the EURJPY. What are the technicals saying?

2023-09-14

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The EURUSD is lower after the ECB rate decision. What about some of the other cross-currency pairs including the EURGBP and EURJPY. In this video, I take a technical look at those currency pairs.

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AUDUSD trades the short term retracement levels today. What next?

2023-09-14

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The 38.2% holds support in the AUDUSD today at 0.64198. The 61.8% holds resistance at 0.64587. The levels of support and resistance are defined. In between sits the 50% at 0.64392,

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

2023-09-14

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The technical side are driving the 3 major currency pairs for September 14, 2023.

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EURUSD Technical Analysis

2023-09-14

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

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Business Travel

2023-09-13

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2023-09-13

Business travel will prevent me from updating the blog for a few days.  And instead of the usual weekly, I will provide a sketch of the six G10 central banks that meet next week and a couple of interesting emerging market central banks.

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Heightened Speculation of an ECB Hike Tomorrow Fails to Lend the Euro Support

2023-09-13

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2023-09-13

Overview: The US dollar is trading with a firmer bias against all the G10 currencies ahead today's August US CPI report. Even increased speculation that the ECB will hike rates tomorrow has failed to lift the euro, while a larger than expected contraction in the UK's July GDP pushed sterling briefly through last week's lows. The dollar rose to a marginal new high for the week against the Japanese yen, as the market seemed uninspired by the cabinet...

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WTI Crude Oil Technical Analysis

2023-09-13

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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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