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.

USD Surrenders Most Gains Seen after Trump Threatens Steel and Aluminum Tariffs

Overview:  The US is continuing to brandish the tariff threat. On top of the "reciprocal tariff" threat signaled before the weekend, yesterday, President Trump indicated he would announce 25% tariffs on all US steel and aluminum imports. As is true to the pattern, the greenback jumped in early Asia Pacific turnover. However, after the initial mark-up, the greenback has come off. By late European morning turnover, the US dollar was mostly...

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Gold Technical Analysis – Tariffs are back on the menu

#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. 0:33 Technical Analysis with Optimal Entries. 1:52 Upcoming Catalysts...

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Week Ahead: Firm US CPI may Underpin Dollar, Barring New Drama from Washington

Many market participants appear to have forgotten the drama of Trump's first term. It was driven home with the tariff threat on Canada and Mexico, which was postponed at the last minutes. The apparent fascination with his "authenticity" seemed to have overshadowed his ability to dissemble during the election but it has been underscored in the past few weeks, including apparently on what the US Navy will be charged for using the Panama...

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NZDUSD corrects lower into a cluster of technical levels including 100/200 hour MAs

The 61.8% retracement of the range since the January 24 high is in play as well.

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The AUDUSD is finding sellers in a swing area. Do buyers push higher or sellers stall rise

The swing area comes between 0.6287 and 0.6301 in the AUDUSD

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Downside Risks on January Jobs Data, but Benchmark Revisions may Not be as Bad as Feared

Overview:  The week began with a bang with the US tariff threat, which at the last minute was postponed by the US for a month. Narrow ranges in the foreign exchange market are prevailing ahead of the US jobs data, which will likely be distorted by the poor weather in parts of the country and the California fires. Nevertheless, it is clear that the Federal Reserve is on hold until the middle of the of the year at least and today's report is not...

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USDJPY Technical Analysis – Eyes on the US NFP report

#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. 1:33 Technical Analysis with Optimal Entries. 2:47 Upcoming Catalysts...

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Breaking the Norm: Meta Stock on Epic 14-Day Winning Streak

Trends are fast directional and tend go farther than what traders expect. Meta is trending and breaking above a channel trend line. That trend line may give traders a level to use for the start of a correction.

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GBPUSD bounces after the BOE rate cut news runs its course

GBPUSD bounces off swing area support between 1.23515 to 1.23759. Approaches resistance at the 100/200 hour MAs

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USDCHF rebounds after basing at swing area support yesterday/today.What next for the pair?

The price is pushing higher today after finding support near swing area support above and below 0.9000

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USDCAD settles after fireworks at the start of the week. Price back in familiar territory.

The USDCAD has bounced after sellers yesterday could not keep the downside momentum going

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The BOE has a dovish cut leading the GBPUSD lower. What are the technicals saying now?

In the kickstart video, I take a look at three of the major currency pairs from a technical perspective - the EURUSD, USDJPY and GBPUSD

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The Dollar Comes Back Bid

Overview:  After the tariff scare on Monday, which saw the US dollar surge, it has pulled back in the last couple of day. But it has returned bid today in what looks like position-squaring ahead of tomorrow US employment report. Despite some Fed officials recognizing that the tariffs may pose a supply shock that has to be taken into account, the odds of a June cut and two before the end of the year increased marginally yesterday, even as coupon...

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Gold Technical Analysis – Focus on the US NFP report

#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. 0:40 Technical Analysis with Optimal Entries. 1:56 Upcoming Catalysts...

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What does a comparison of 3 chip stocks telling traders?

Broadcom and Nvidia are the beneficiaries as they are both higher. What does a comparison of each of the chip stocks saying? What is the bias, the risk, the potential targets for each?

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NZDUSD continues the rebound started on Monday and extends above an old ceiling. What next?

The ceiling area is between 0.5683 to 0.56917. Staying above keeps the buyers firmly in control

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AUDUSD extends higher and enters swing area resistance area. Can momentum continue?

The swing area between 0.6287 to 0.63015 is being tested in the AUDUSD.

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USDCHF falls to swing area and support gives sellers some cause for pause

In the short term, watching 0.90315 level for close resistance

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USDCAD down again and below the low of the “Red Box”

Stay below 1.4290 to 1.4303 keeps the sellers in control on the break outside the Red Box

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In the kickstart video for Feb 5 the USD is lower as US traders enter the fray for the day

Kickstart the FX trading day for Feb 5 with a technical look at the EURUSD, USDJPY and GBPUSD

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