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.

Data Thursday but Markets Unimpressed

Overview: An eerie calm hangs over the foreign exchange market on this the anniversary of the end of the Bretton Woods agreement 53 years ago today. Narrow ranges are dominating. Strong Australian jobs data and a cautious Norwegian central bank have underpinned their respective currencies today. A firm Q2 UK GDP appears to have given sterling a boost. The euro and the Swiss franc are struggling, while the yen is recording its narrowest range in...

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Gold Technical Analysis – Struggling to break a key resistance

#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. 0:52 Technical Analysis with Optimal Entries. 2:25 Upcoming Catalysts....

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Is the US CPI Anti-Climactic?

Overview: Today's US CPI is the focus but the bar to a Fed cut next month is low, and it could prove anti-climactic. The more moderate inflation reading creates more space for the central bank to respond to signs of a continued slowing of the US labor market and adopt less restrictive policy. The dollar is mixed as the North American session gets under way. The rate cut by the Reserve Bank of New Zealand, not a total surprise, but has seen fall 1%....

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USDJPY Technical Analysis – Trading in a tight range ahead of the US CPI

#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. 0:59 Technical Analysis with Optimal Entries. 2:12 Upcoming Economic Data....

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NZDUSD keeps running. Above 100 day MA and 61.8% retracement target

The most recent break is above swing level at 0.60627

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AUDUSD has extended higher and tests a key target near the 61.8% retracement

The 61.8% retracement target comes in near 0.66262 which is with a swing area between 0.66189 and 0.66279

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USDJPY falls below the 100 hour moving average and targets the 200 hour MA next

The 200 hour MA comes in at 146.67. The low has reached 146.697

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GBPUSD breaks above a key technical level near 1.2810 & extended higher. That is now risk

The break opens the door to the 50% at 1.28537 and a swing area between 1.2845 and 12867

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EURUSD extends above swing area to the next target near 1.0963

The close support is now at 1.09419 to 1.09477

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The broader US stock indices are sharply higher. What has the moves done technically?

Where are the close risks for the S&P and Nasdaq indices now?

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USDCAD is confined in an up-and-down trading range. Traders battle and await a break.

The 1.3717 is support On the topside get and stay above the 100 hour MA at 1.3735 and then the 50% of the range since July at 1.37669 is the bullish roadmap.

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USDCHF falls back below 38.2% retracement and tests the 100 hour MA

Can the sellers take more control after failing on the break of the 38.2% retracement yesterday and today?

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Kickstart the FX trading day for Aug 13 w/a technical look at the EURUSD, USDJPY & GBPUSD

The USD has moved lower after the US PPI data came in lower than expectations

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Are Risk Appetites Recovering?

Overview: The Antipodeans and sterling lead the G10 currencies today. The New Zealand dollar is the strongest, though the central bank is likely to deliver its first rate cut tomorrow. The Australian dollar rose to a three-week near $0.6610. Sterling was lifted by a stronger than expected employment report (though wage growth slowed) ahead of tomorrow's CPI. The yen and Swiss franc nursing modest losses. Emerging market currencies are mostly...

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Gold Technical Analysis – Middle East tensions in focus

#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. 1:05 Technical Analysis with Optimal Entries. 2:16 Upcoming Catalysts....

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USDJPY price moves toward converged 100/200 hour MAs

The 100 and 200-hour MA are moving toward convergence and the price is moving toward them. WIll the buyer lean against the MAs and push the pair higher in the new trading day?

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Both the EURUSD and GBPUSD bounce off hourly MA levels. Can the momentum continue?

The EURUSD and GBPUSD bounce off respective hourly MA levels

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The NZDUSD has set close support and resistance to start the new week

The 100-hour MA held support. Sellers leaned against the 100 day MA.

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AUDUSD bangs against the 100 day MA. Can the buyers break through the key technical level?

Can buyers overpower AUDUSD's 100-day moving average resistance and advance to higher levels? Watch the video for insights on price action and key levels.

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The USDCAD trades to a new high after test of Friday’s low finds buyers

The price is back above the 200 bar MA on the 4-hour chart

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