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 continues the stretch toward 2024 high but falls just short

2024-10-30

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The high price got within about 7 pips of the 2024 high. Sellers push lower but buyers are still in firm control

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USDCHF remains mired in narrow trading range.

2024-10-30

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The range of the last 10 or so days is around 70 pips. That is not a lot. Traders waiting for the next shove.

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Kickstart the FX trading day for Oct 30 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-10-30

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Be aware and prepared. This video will prepare you for the trading day today and going forward.

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Eurozone Growth Surprises, Lifts Euro, while UK Budget is Awaited

2024-10-30

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2024-10-30

Overview:  The US 10-year yield is off around a dozen basis points off yesterday's high and European growth in Q3 was better than expected. This appears to have encouraged some dollar liquidation today. The greenback is softer against the G10 currencies, but the Canadian dollar and sterling. The much-awaited UK Autumn budget will be announced shortly. Sterling is consolidating around $1.30. Most emerging market currencies also are enjoying a firmer...

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Gold Technical Analysis – Yet another all-time high

2024-10-30

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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. 0:53 Technical Analysis with Optimal Entries. 1:53 Upcoming Catalysts...

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The USDCAD stretches toward the highs for the year and toward highs going back to 2022.

2024-10-29

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Adam looks at the fundaments. I look at the technicals?

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Why the Canadian dollar will continue to struggle

2024-10-29

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The Canadian dollar is threatening to worst levels since May 2020 in what would be a major range breakout. Aside from brief periods during covid and the oil price collapse in 2016 (both less than a month long), this would be the lowest level since 2003. I expect this period of weakness to be longer lasting as the three legs of the Canadian economy – housing, immigration and resources extraction – are all impaired. Adam Buitton, chief currency...

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EURUSD range-bound ahead of election/data/earnings? What does that look like?

2024-10-29

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EURUSD stuck in defined range, awaiting market catalysts

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Kickstart the FX trading day for Oct 29 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-10-29

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The USD is moving higher in early US trading. What levels are in play and why. I will outline those levels in this video.

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Consolidative Tone in FX Ahead of Key Events and Data

2024-10-29

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2024-10-29

Overview: A consolidative tone is emerging in the foreign exchange market as the week's key events begin tomorrow:  UK budget, eurozone and US Q3 GDP, and the US ADP private sector jobs estimate, and quarterly refunding. Outside of the Norwegian krone, which is up nearly 0.5%, the other G10 currencies are largely +/- 0.1%. The yen, Swiss franc, and antipodeans are trading with a slightly heavier bias. Among emerging market currencies, most from the...

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USDJPY Technical Analysis – There are no bullish drivers for the JPY

2024-10-29

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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. 0:57 Technical Analysis with Optimal Entries. 2:11 Upcoming Catalysts...

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AUDUSD sellers are in firm control. Price moves down to test 61.8% of move up from August

2024-10-28

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The 61.8% retracement target comes in at 0.6575. The low today reached 0.65789.

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USDCAD consolidata near highs. What next technically for the pair as the new week begins.

2024-10-28

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Traders are watching support at 1.3888 and 1.3864 as close support

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USDCHF sellers push against swing low floor from the end of last week

2024-10-28

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Move below 0.8649 opens the door for a move toward the broken 38.2% of the range since July high

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Kickstart the FX trading day for Oct 28 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-10-28

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What technical levels are in play for the three major currency pairs

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Japan’s LDP Loses Majority, Sending Yen Lower, and Oil Gaps Lower on Middle East Developments

2024-10-28

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2024-10-28

Overview: The next couple of weeks in the capital markets are likely to be tumultuous, and the loss of the LDP majority in Japan get it started. The yen gapped lower amid the immediate uncertainty. The yen is off about 0.5% toward the middle of today's range. Leaving aside the Scandis, where are mixed, the other G10 currencies are little changed, +/- 0.15%. The euro has recovered above $1.08, where options for 2.3 bln euros expire tomorrow....

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Week Ahead: Buckle Up–Turbulence Coming

2024-10-26

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2024-10-26

The US dollar extended its dramatic recovery against the major currencies for the fourth consecutive week. The dollar's rally seems to stand on two-legs. The first shift in the expected trajectory of Fed policy, which has been partly encouraged by relatively firm economic data, both surveys and real sector reports. The derivatives market has from discounting 75 bp of cuts before the end of the year to not be quite sure that 50 bp will be delivered....

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AUDUSD trades below 50% midpoint, and around the 200 day MA

2024-10-25

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Swing area on the downside comes in between 0.66189 and 0.6628. Breaking below is more bearish.

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USDCAD buyers hold support. Tests the high for the week. Buyers in control.

2024-10-25

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For the week, the low was on Monday. Up and down price action through the BOC rate cut, but the corrective probing was modest with a floor at 1.3813 now.

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USDCHF continues to consolidate near highs. 200 hour MA in play now at 0.8651

2024-10-25

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The up and down this week in the USDCHF has allowed the 200 hour MA to catch up with the price. That level comes in at 0.8651 and is a close bias defining level for traders now.

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