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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5 questions for CAD and USD

2024-11-28

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Adam Button from ForexLive speaks with BNNBloomberg. This week the Canadian dollar fell to the lowest level since May 2020. Excluding the pandemic and a brief rout in 2016, it’s the lowest in 21 years. Now, it’s not entirely fair to say the loonie is struggling in a global context. It’s right in the middle of the five-year range against the euro, slightly below the five-year average against the pound and near a 15-year high against the Japanese...

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USDJPY Technical Analysis – We are trading around a key support zone

2024-11-28

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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. 0:56 Technical Analysis with Optimal Entries. 2:08 Upcoming Catalysts...

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

2024-11-27

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The dollar is moving lower in trading today and breaking some technical levels in the process. What would keep the selling going? What would shift the bias back to the upside.

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Yen Jumps on Rate Hike Speculation

2024-11-27

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2024-11-27

Overview: The US dollar has a softer profile today. All the G10 currencies are higher, led by 1%+ surge in the yen amid heightened speculation of a rate hike next month, while the US 10-year yield is near 4.25% today, the lowest since the election. Although the Reserve Bank of New Zealand allows for another half-point cut after delivering the second one this year earlier today, the New Zealand dollar has popped up amid sell the rumor buy the fact...

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Is Visa stock a buy or sell?

2024-11-27

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I believe Visa stock will be interested to watch if it gets within the range of $286 to $291.

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Gold Technical Analysis – Don’t expect the same uptrend from now on

2024-11-27

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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. 0:57 Technical Analysis with Optimal Entries. 2:06 Upcoming Catalysts...

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RBNZ rate decision in the new day and the NZDUSD is breaking to a new low. What next?

2024-11-26

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The NZDUSD is trading to a new low for 2024 on the day before the RBNZ rate decision. What would turn the market around after the decision? What targets would be eyed on more selling.

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Bitcoin continues its correction lower today from near 100K levels. What next technically?

2024-11-26

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The high price last week got withing $200 or Bitcoin $100K and corrected lower. What technical levels are in play and why?

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Kickstart the trading day with a technical look at the EURUSD, USDJPY, GBPUSD & USDCAD

2024-11-26

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What technical levels are in play for each of the major currency pairs

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Trump’s Tariff Talks Wobble Forex Market, Close Neighbors Suffer Most

2024-11-26

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2024-11-26

Overview: As some market pundits were debating about a possible grand deal between the US and China. In exchange for a lighter tariff regime, Beijing would accept yuan appreciation. As far-fetched as such scenario may be, it was predicated on ideas that people like the Bessent, the Treasury Secretary-nominee, was pragmatic. Trump's comments hit in early Asia Pacific turnover specifically cited a 25% tariff on all product from Canada and Mexico and...

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USDJPY Technical Analysis – The choppy price action continues

2024-11-26

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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. 1:02 Technical Analysis with Optimal Entries. 2:20 Upcoming Catalysts...

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USDCAD retraced earlier declines but finds willing sellers near its 200 hour MA.

2024-11-25

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Price is between the August 2024 high at 1.39458 and the 2022 high at 1.39785

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GBPUSD holds swing area resistance and 100 hour MA at session highs. What next?

2024-11-25

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The 100 hour MA and swing area up to 1.2614 is a key barometer for buyers and sellers today and going forward.

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Gold tumbles on lower geopolitical risk. Where is the risk now? What are the targets?

2024-11-25

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Gold is down over 3% and on pace for one of the largest declines this year

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EURUSD buyers correcting the pair higher to start the new trading week. Buyers make a play

2024-11-25

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The 38.2% of the move down from the November high comes in at 1.0562

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USD selling pushes the USDCHF lower but the 100/200 hour MA is stalling the fall

2024-11-25

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The 100/200 hour MA stalled the fall so far the 0.8862 area

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Markets do Cartwheels in Response to Traditional Pick for US Treasury Secretary

2024-11-25

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2024-11-25

Overview: The selection of Scott Bessent, the hedge fund manager as next US Treasury Secretary was greeted euphorically in the capital markets:  one of their own and, arguably, like many of new economics team could have been picked in any Republican administration. Risk appetites have been animated. Still, we suspect market positioning may have led to an exaggerated response. The dollar has been sold. Stocks have bought. The euro is leading the G10...

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Gold Technical Analysis – The Treasury Secretary pick weighs on the market

2024-11-25

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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.

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Week Ahead: Little to Stop the Surging Dollar

2024-11-23

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2024-11-23

The dollar's Q4 rally continued last week. The Dollar Index has risen in the first eight weeks of the fourth quarter, gaining a little more than 7%. Half of the G10 currencies (the euro, the Swedish krona, the Norwegian and Danish krone, and New Zealand dollar) fell to new lows for the year last week. Part of the story is the paring of Fed cut speculation. The derivatives market no longer has even 50 bp of cut discounted between now and the middle...

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USDCHF buyers take the price higher this week after basing at the 50% midpoint at 0.87989

2024-11-22

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USDCHF support at the 200-day MA at 0.88208.

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