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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US CPI higher than expected and sends USD higher. What are the technical telling traders?

2024-02-13

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In the Kickstart video today, I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective

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Sterling Buoyed by Labor Market Report Ahead of US CPI

2024-02-13

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2024-02-13

Overview: The US dollar is enjoying a mostly firmer bias ahead of today's CPI report. Sterling is the strongest among the G10 currencies after a more resilient than expected labor market report. The dollar extended its gains against the Japanese yen to a new high since last November, but the market seems cautious as it approaches JPY150, where large options expire today. On the other hand, emerging market currencies are mostly faring better. The...

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USDJPY Technical Analysis

2024-02-13

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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. 2:00 Technical Analysis with Optimal Entries. 3:24 Upcoming Economic Data....

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NZDUSD corrects some of the rise from Friday, but bouncing into the close.

2024-02-12

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The upside target the the NZDUSD comes between 0.6148 to 0.6159

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USDCHF failing after a break to new highs? Looking out for the possibility.

2024-02-12

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Did the USDCHF find a top after breaking above the ceiling from last week and failing?

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USDJPY extends to the upside after testing a key support target at session lows & bouncing

2024-02-12

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The USDJPY bounced just ahead of a key swing area between 148.80 and 148.88

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AUDUSD faces resistance at swing level and key MA

2024-02-12

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Stay below the 100 day MA of 0.65317 to increase downside bias for AUDUSD.

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USDCAD trades up and down with sellers making a play technically

2024-02-12

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Can the sellers in the USDCAD keep the pressure on now?

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Kickstart the FX trading for February 12 with a technical look at EURUSD, USDJPY & GBPUSD

2024-02-12

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The USD is moving higher to start the US session.

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The Greenback is in Narrow Ranges to Start the Week

2024-02-12

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2024-02-12

Overview: The foreign exchange market is quiet. The Lunar New Year holiday shut most Asian markets. That, coupled with the light news in Europe, have served to keep the dollar in narrow ranges against the G10 currencies. The Swedish krona, Norwegian krone, and Japanese yen are posting minor gains against the greenback. The New Zealand dollar, which was strongest major currency last week (1.4%) is off by almost 0.5% today, making it the weakest...

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Gold Technical Analysis

2024-02-12

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#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. 0:37 Technical Analysis with Optimal Entries. 1:57 Upcoming Economic Data....

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Week Ahead: Will Soft US CPI and Retail Sales Mark the End of the Interest Rate Adjustment and Help Cap the Greenback?

2024-02-10

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2024-02-10

The markets are still correcting from the overshoot on rates and the dollar that took place in late 2023. The first Fed rate cut has been pushed out of March and odds of a May move have been pared to the lowest since last November. The extent of this year's cuts has been chopped to about 4.5 quarter-point move (~112 bp) from more than six a month ago. The market has reduced the extent of ECB cuts to about 114 bp (from 160 bp at the end of January...

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USDCAD trades to new session highs and in the process tests the 200 day MA

2024-02-09

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The USDCAD is testing its 200 day MA which comes in at 1.34769

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Becalmed FX Market doesn’t Conceal the Greenback’s Strength

2024-02-09

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2024-02-09

Overview: The foreign exchange market is becalmed today, with most of the major pairs trading in narrow ranges. The economic calendar is light and the North American session features benchmark revisions in US CPI and Canada's January employment figures. The US quarterly refunding supply has been absorbed without much fanfare. The dollar-bloc currencies and the Norwegian krone are firmer today. A bank forecast that the central bank will hike rates...

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USDJPY Technical Analysis

2024-02-09

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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. 1:56 Technical Analysis with Optimal Entries....

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The AUDUSD buyers had their shot. They missed. Price is back below 100 day MA

2024-02-08

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Despite briefly surpassing key levels, the AUDUSD buyers failed to sustain momentum and the price is now back down, signaling a shift in sentiment.

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USDCAD moves higher after basing @ MA target. The buyers extended but that too is failing.

2024-02-08

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The USDCAD based at its 200 hour MA earlier in the day at 1.34488 and extended above the key 200 day MA in the process. However, that break is now failing tilting the up-and down volatility back to the downside.

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USDCHF hits new 2024 high, and moves away from 38.2% retracement

2024-02-08

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The USDCHF is running from its the 38.2% retracement of move down from September at 0.8680. Stay above is more bullish.

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Kickstart the FX trading for Feb 8. with technical look at the EURUSD, USDJPY, and GBPUSD

2024-02-08

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The USD is moving higher vs the major currencies to start the US session. on February 8, 2024

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Yen Tumbles to New Low on BOJ Comments

2024-02-08

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2024-02-08

Overview: The dollar is narrowly mixed against most of the G10 currencies as it continues to consolidate its recent gains. The yen is the notable exception, and it was sold today, not in response to developments in the US Treasury market, a frequent driver, but in response to comments by a deputy governor of the central bank, suggesting a rate adjustment would not necessarily signal the start of a tightening cycle, which some economists expected....

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