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.

EURUSD falls towards key swing area as London/European traders look toward the exits.

European and London traders' exit prompts EURUSD to approach crucial swing area between 1.0765 and 1.0783. ECB's indication of potential rate easing contributes to the consecutive 5-day decline.

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USDJPY roller coaster ride: Ups and downs persist as traders await next shove.

The USDJPY pair continues its volatile journey as sellers turn buyers, pushing the price back up to resistance levels. Traders eagerly anticipate a breakout from the current support and resistance levels.

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USDCAD steps below key levels, bearish momentum builds

The USDCAD moved higher before sellers took control, testing key resistance levels. Breaking below key support levels could signal a downward trend and a short-term high.

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RBA keeps rates unchanged. A dovish slant spurs on a AUDUSD drop.

The Reserve Bank of Australia's decision to maintain interest rates at 4.35% was seen as a dovish move, causing the AUDUSD to decline. Technical analysis reveals a breakdown below key moving averages, signaling potential further selling.

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Forex Kickstart: Technical Analysis of EURUSD, GBPUSD, and USDJPY for December 5.

Get the latest technical analysis and insights on the major currency pairs EURUSD, GBPUSD, and USDJPY. Find out the key levels to watch and potential trading opportunities for both buyers and sellers.

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Don’t Miss the Next Chinese Bull Run: Seizing Opportunities in the Chinese Stock Market Rebound

Embark on a comprehensive journey into the world of technical analysis with our latest video, focused on capturing the burgeoning opportunities in the rebounding Chinese stock market. Centered around the MCHI ETF, a key instrument for tapping into China's vast equity market, this video is a treasure trove for investors and traders aiming to leverage the immense potential of one of the world's foremost economies. As we navigate through the...

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Softer Tokyo CPI Buys BOJ Time while Moody’s Cuts the Outlook for China’s Debt following Fiscal Stimulus and the Continued Property Slump

Overview: Outside of the Australian dollar, which has fallen by around 0.6% following the RBA meeting and the softer final PMI, which may have dragged the New Zealand dollar a lower by around 0.25%, the other G10 currencies trading little changed ahead of the start of the North American session. The eurozone and UK final PMIs were revised higher. Central European currencies lead the emerging market currencies. China reported better than expected...

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Comprehensive Analysis of American Express (AXP) Stock: Navigating Through 2020-2029

📊 Decoding American Express's Long Term Market Trends and Projections Embark on an insightful journey with us as we analyze American Express (AXP) stock, covering the critical developments from the onset of 2020 to the current day. This video is tailored for investors and traders who are eager to grasp the pivotal factors influencing AXP stock, focusing on vital price levels, Volume Weighted Average Price (VWAP), and volume profile insights. Our...

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Axon (AXON) Stock Analysis: Unveiling Key Trends and Predictions (2020-2029)

📊 Navigating the Future of Axon: A Strategic Stock Analysis Join us as we embark on a detailed exploration of Axon's (formerly known as Taser) stock journey from the beginning of 2020 to today. In this video, we focus on deciphering the critical price points, the Volume Weighted Average Price (VWAP), and volume profile specific to AXON stock. This analysis is meticulously designed for investors and traders who are keen on understanding the nuances...

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In-Depth Analysis of Amazon (AMZN) Stock: Key Levels, Volume Analysis & Future Outlook (2020-2029)

📊 Exploring Amazon's Stock Journey: A Comprehensive Technical Perspective Join us in this detailed exploration of Amazon (AMZN) stock's performance, tracing its path from the dawn of the 2020 decade to today. Our focus is on critical price levels, the Volume Weighted Average Price (VWAP), and volume profile analysis. This video is crafted for both traders and investors aiming to grasp potential pivotal price points that may be vital for future...

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AMD LONG TERM TECHNICAL ANALYSISINCLUDING KEY PRICE LEVELS

AMD Long-Term Technical Analysis: Key Price Levels, VWAP & Volume Profile (2020-2029) In this video, we're taking an extensive look at AMD's stock performance from the beginning of the 2020 decade to the present, focusing on key price levels, VWAP (Volume Weighted Average Price), and the volume profile. Whether you're an investor or a trader, this analysis is designed to highlight potential key price points that could be crucial in the...

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USDJPY Technical Analysis

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

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Gold price soars to record high before dramatic plunge; Buyers still in play

Gold experienced a volatile trading day, hitting an all-time high of $2146.79 before sharply falling. Despite being below previous swing highs, buyers remain active. The market is now more neutral.

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GBPUSD revisits support levels, with bears gaining momentum.

GBPUSD tests floor area, bearish bias intensifies as price falls below moving average and seeks to break key support levels

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NZDUSD soars to new high, but is backing off. Traders watching 61.8% retracement.

The NZDUSD has reached a new high but backs off. Hold, and a potential rally towards the previous swing area is expected. However, a drop below key support could lead to a decline to the 200-day MA

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USDCAD in neutral territory as price rebounds, traders await the next shove (up or down)

Traders are now looking for a direction, with a move above the 100-day MA targeting retracement levels, while a drop below the 200-day MA would seek support near the 1.3400 level.

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Rates and the Dollar Come Back Firmer

Overview: Weekend accounts seemed to try to understand what Fed Chair Powell said by beginning with the large drop in US rates. Yet, most accounts miss the fact that no matter what Powell has said, the market has more often than not reacted as if he were a dove. Rates have come back firmer today, perhaps as some recognized the overshoot. The US two-year yield is up nearly seven basis points after falling 14 before the weekend. The 10-year yield is...

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December 2023 Monthly

As the year winds down, the global economy appears to be entering a new phase. While North American and European central bankers swear that they are prepared to respond to new threats to price stability, the markets demur. Indicative pricing in the derivatives markets reflects the general conclusion that the central banks have most likely completed the post-Covid monetary tightening cycle. Central bankers are pushing against a premature easing of...

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What Will Powell Say?

Overview: The dollar traded better into month-end but is softer today. The Scandis and dollar-bloc currencies are leading with around 0.2%-0.5% gains. In addition to US manufacturing PMI and ISM surveys, and construction spending, auto sales will trickle in, but key for market participants today will likely be Fed Chair Powell's comments and the extent that he pushes against the dramatic rate cuts, with more than a 50% chance of the first cut by...

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AUDUSD Technical Analysis

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

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