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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USDCHF stays below key technical resistance at 0.8900. Cluster of resistance at the level.

2023-11-15

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USDCHF resistance at 0.8900. USDCHF support down to 0.8851. The battle is on between levels.

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AUDUSD attempts to break key resistance levels but falls short

2023-11-15

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Buyers of AUDUSD face obstacles as they try to surpass the crucial 38.2% retracement and swing area above 0.6522.

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Kickstart your FX trading for November 15 with a look at the EURUSD, USDJPY and GBPUSD

2023-11-15

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Kickstart your Forex trading day with a technical look at 3 of the major currency pairs for November 15

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The Pendulum of Fed Expectations Swings Too Hard

2023-11-15

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2023-11-15

Overview: The capital markets' reaction to softer than expected CPI was too much. The implied yield of the December 2024 Fed funds futures fell by 25 bp as if the October's CPI was worth a full quarter-point rate cut next year. US two- and 1-year yields are around two basis points higher today and the dollar is mixed, with the euro and sterling under the most pressure. China's data were uninspiring, and more stimulus is in the pipeline. Japan's Q3...

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WTI Crude Oil Technical Analysis

2023-11-15

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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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AUDUSD skyrockets, targets key moving average

2023-11-14

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Biggest surge since January; AUDUSD gains momentum after US CPI data, eyeing 100-day moving average.

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Kickstart your FX trading for November 14 with a technical look at the EURUSD, USDJPY and GBPUSD

2023-11-14

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The USD moves lower after the tame CPI data. What next for the EURUSD, USDJPY and GBPUSD.

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SNB’s Jordan: I’m not sure whether if the terminal rate has been reached

2023-11-14

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2023-11-14

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.

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US CPI Front and Center, but Can Congress Avert a Government Shutdown?

2023-11-14

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2023-11-14

Overview: The dollar is somewhat better offered today ahead of the October CPI report. The US House of Representatives may hold a vote today on a continuing resolution to avoid a partial government shutdown at the end of the week. Narrow ranges have prevailed. Most emerging market currencies are firmer, though paradoxically, the South Korean won is the weakest, despite a strong equity market rally (~1.2%), encouraged by the first in increase in...

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EURUSD Technical Analysis

2023-11-14

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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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CHF traders take note – SNB Chair Jordan is speaking on Tuesday

2023-11-14

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2023-11-14

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks...

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AUDUSD corrects higher to 100 hour MA and finds sellers. Snaps 5 day slide though.

2023-11-13

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The AUDUSD corrected higher to the 100-hour moving average and found willing sellers. The move to the upside snapped a 5-day slide. That is the good news. The not-so-good news for the buyers is the sellers remain in control below its 100-hour moving average.

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NZDUSD finds support at key levels, awaits next move

2023-11-13

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The NZDUSD tested swing and moving average support before bouncing back. Traders are watching for a breakout above 0.5906 or a drop below 0.5870 for further direction.

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USDCAD sellers are making a play Break below 100 hour MA.

2023-11-13

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Work to do on the downside for the sellers including getting below the 200 hour and 50% retracement

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USDCHF bounces off 100 hour MA for the 3rd day in a row. Buyers hold that line.

2023-11-13

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The USDCHF's 100 hour MA proves to be a consistent support on dips.

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

2023-11-13

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In this morning video on November 13, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the risks, the targets for those three major currency pairs?

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US Treasury Yields Come Back Softer After Moody’s Cut Outlook, and the Dollar Rises to New Highs Against the Yen

2023-11-13

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2023-11-13

Overview: The dollar is beginning the new week narrowly mixed against the G10 currencies. Sterling seems largely unaffected by the cabinet reshuffle that has seen former Prime Minister Camron return as the foreign minister, replacing Cleverly who replaces Home Secretary Braverman. The dollar rose to new highs for the year against the Japanese yen (~JPY151.85). The market has shown little reaction to the pre-weekend news that Moody's cut the outlook...

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S&P 500 Technical Analysis

2023-11-13

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Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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Week Ahead: Will Softer US Price Pressures and Weakness in Retail Sales Weigh on the US Dollar and Rates?

2023-11-11

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2023-11-11

The recent dollar gyrations seem tightly linked to US rates. The FOMC meeting and October jobs report saw the two-year Treasury yield drop 17 bp and the dollar was taken broadly lower. Indeed, against several currency pairs, it approached three standard deviations below its 20-day moving average. What seemed like a mild adjustment to the over-extended technical development turned into a rout after a weak reception to the US 30-year bond auction to...

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USDJPY closing up for the 5th consecutive day. Pushes toward 2022 multi-decade high.

2023-11-10

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The USDJPY has been up for 5 consecutive days this week. The push higher has taken the price closer to the high from 2023 at 151.71. Above that is the 2022 high at 151.93 which represents a multi-decade high for the pair.

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