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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USDCAD falls to a new session low and in the process tests a floor target

2023-12-13

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USDCAD falls to new session low, testing key floor level at 1.35478. If broken, next target is the 200-day moving average at 1.35134.

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

2023-12-13

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The FOMC rate decision is ahead and the markets are positioning for the decision. Find out the bias, the risks, the targets for the EURUSD, USDJPY and GBPUSD and traders prepare for the final rate decision for the trading year.

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Fed to Express More Confidence that Policy is Sufficiently Restrictive Despite the Easing of Financial Conditions

2023-12-13

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2023-12-13

Commentary will resume with a 2024 outlook on December 29. Overview: The dollar is trading with a firmer bias today ahead of the outcome of the FOMC meeting. Standing pat for two meetings was framed as a pause, but given the decline in price pressures, being unchanged for a third meeting is understood as the end of the historically aggressive tightening cycle. Fed Chair Powell is expected to express greater confidence that policy is sufficiently...

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WTI Crude Oil Technical Analysis

2023-12-13

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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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EURGBP breaks above resistance, signaling potential upside momentum

2023-12-12

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The EURGBP broke higher today, surpassing a key resistance level. This suggests the possibility of further gains in the short term. However, the ECB and the BOE rate decisions on Thursday could impact the currency pair. Overall, the market expects the ECB to be more dovish, which could be bearish for EURGBP. Watch for short term clues around 0.85877.

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AUDUSD volatility continues: Ups and downs in trading shift market sentiment

2023-12-12

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The AUDUSD has experienced ongoing volatility with shifts in market sentiment. Ups and downs in trading have determined the bias, with key moving averages acting as barometers. Traders eagerly await the FOMC rate decision for the next market movement.

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USDCAD rebounds above moving averages but faces resistance at key area

2023-12-12

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After falling below a crucial floor, the USDCAD bounced back and crossed several moving averages. The 100-day moving average now acts as support, while a swing area and the 38.2% retracement level pose as resistance.

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The major currency pairs bounce back after initial reaction to US CPI data

2023-12-12

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EURUSD, USDJPY, and GBPUSD see technical lows but recover after initial dip following US CPI release.

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Soft US CPI Today Paves Way for Fed Pivot Tomorrow

2023-12-12

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2023-12-12

Overview: The US dollar is trading softer against all the G10 currencies ahead of what is expected to be a soft November CPI report, which paves the way for a pivot by the FOMC tomorrow. It is expected to signal that policy may be sufficiently restrictive and anticipate being able to cut rates next year more than it thought in September, even if not as much as is priced into the market. Among emerging market currencies, central European currencies...

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USDJPY Technical Analysis

2023-12-12

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

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EURJPY buyers push upward, challenging critical resistance levels

2023-12-11

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EURJPY sees buyers assert control, climbing above swing area and 100-hour moving average. As upward momentum builds, attention turns to significant resistance levels for potential breakthrough.

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AUDUSD at critical levels: Navigating central bank decisions and market volatility

2023-12-11

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Explore the crucial price levels of the AUDUSD currency pair as it battles between technical zones. Gain insights into potential targets and prepare for market shifts amidst upcoming central bank decisions, injecting volatility.

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The USDCHF buyers tried to move higher, but found willing sellers near swing area resistance

2023-12-11

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The USDCHF buyers faced resistance near swing area, hindering their upward movement. With important interest-rate decisions from the Federal Reserve and Swiss National Bank this week, consolidation between support and resistance is expected.

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USD/CAD dips below key moving averages, bias shifts to the downside.

2023-12-11

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USD/CAD sellers gain momentum as price falls below crucial moving averages. Bias turns bearish, with next target at 1.35478. A move below this level could target the 200-day moving average at 1.3515.

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

2023-12-11

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What are the charts saying? What is the bias? The risk? The targets?

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GOLD futures technical analysis; Bears find gold and will take it to 1978.mp4

2023-12-11

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BOJ Speculation Unwound, Taking the Yen Lower

2023-12-11

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2023-12-11

Overview: The busy week of central bank meetings is off to a mostly slow start. The dollar is narrowly mixed in quiet turnover, except against the Japanese yen. Many participants seemed to exaggerate the risks of a BOJ move next week and dollar continued its recovery that began ahead of the weekend. Among emerging market currencies, central European currencies appear to be aided by the firmer euro. They are resisting the dollar's advance seen...

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Gold Technical Analysis

2023-12-11

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

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Week Ahead: What Central Banks Say may be More Important than What They Do

2023-12-09

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2023-12-09

There were three outsized moves last week. Gold had a $135 range on Monday, posted a key downside reversal, and fell below $2000 at the end of the week after setting a record high slightly above $2135. January WTI neared $80 on December 1 and traded below $69 on December 7, its lowest level in five months. The seven-week slide matches the longest since July/August 2015. Third, the dollar fell by a little more than 2.1% on December 7 against the...

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ForexLive Video

2023-12-08

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The USDCHF has moved higher this week and is nearing a crucial resistance level. Traders are watching to see if it breaks above this level and extends towards higher targets, or if it faces strong selling pressure and resumes its downward trend.

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