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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Kickstart your FX trading for October 25 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-25

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 25, 2023?

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Divergence Continues to Underpin the Greenback

2023-10-25

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2023-10-25

Overview: The divergence reflected in the flash PMI readings seen yesterday underpinned the dollar, which is firmer in mostly quiet turnover. The initial Australian dollar gains scored in response to the slightly less decline in Q3 CPI have been unwound. The greenback also remains within striking distance of JPY150 where there are still some large options and some apprehension over possible BOJ intervention. Hungary's larger than expected rate cut...

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USDJPY Technical Analysis

2023-10-25

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

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Both the EURUSD and GBPUSD retrace much of the gains from yesterday

2023-10-24

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Lower yes, but the sellers in the EURUSD and GBPUSD have reached some key support targets

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USDCAD runs up toward familiar swing high area

2023-10-24

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The 1.3736 to 1.3743 area is home to recent highs in the USDCAD. Can the buyers push through that swing area and extend toward October highs? Or will the sellers lean with risk defined and limited and stall the upside move.

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USDCHF rebounds after failed break below the 100 day moving average

2023-10-24

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The 100 hour MA and swing area is being tested on the rebound higher between

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Kickstart your FX trading for October 24 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-24

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 24, 2023?

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Poor Flash PMI from Japan and Eurozone

2023-10-24

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2023-10-24

Overview: Bonds and stocks are higher today, and the dollar is mixed. A weak PMI reading seemed to weigh on the euro, but the market shrugged the weak Australian PMI off and the Australian dollar is the G10 currencies while the euro is among the weakest. Yesterday, the North American session showed an appetite for foreign currencies and with some of their intraday momentum stretched to the downside, the stage is set for a possible repeat today. The...

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EURUSD Technical Analysis

2023-10-24

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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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GBPUSD is the big mover today, and moves toward swing area/MA target

2023-10-23

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USDJPY falls below 100 hour MA, but 200 hour MA (and lows from Thurs/Fri) stall the fall

2023-10-23

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The 149.64 area is the next target to get to and through for the USDJPY. Move below opens the door for further selling momentum.

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EURGBP bangs against support for the 2nd time today. 100 hour MA and swing area in play.

2023-10-23

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The 100-hour MA and low of swing area at 0.86982 tries to stall the fall

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GBPUSD buyers are breaking the price higher and making a play

2023-10-23

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Buyers above the 200 hour MA increasing the bullish bias in the short term.

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USDCHF held a cluster of support near the 0.8900 level last week. What next?

2023-10-23

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The bounce higher today moved above the top of a swing area at 0.8947 but failed. Can the price get above that level?

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Kickstart your FX trading for October 23 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-23

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 23, 2023?

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JPY150 Pierced but Market is Not Done

2023-10-23

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2023-10-23

Overview:  News that Israel's ground assault on Gaza is being delayed while hostage negotiations continue saw gold and oil ease, but tensions continue to run high. Gold peaked near $1997 before the weekend and pulled back to about $1964 today before steadying. December WTI peaked in front of $90 a barrel at the end of last week, and fell to about $86.85 today, but has also steadied. The dollar is firmer against the G10 currencies, with the Scandis...

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S&P 500 Technical Analysis

2023-10-23

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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: Q3 US GDP to Underscore Divergence, while ECB and Bank of Canada Stand Pat

2023-10-21

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2023-10-21

The US dollar was mixed last week. One would have thought, based on the geopolitical tensions, the stronger than expected US economic data that resulted in upward revisions to Q3 GDP forecasts and a more than 30 bp surge in US 10-year yields, the greenback would have performed better. The Dollar Index fell by almomst 0.5% last week, its biggest weekly loss in three months. It is down so far this month. On the other hand, gold rallied 2.5% to extend...

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USDJPY stays above 100 hour MA, but…there is a lot of fear above 150.00

2023-10-20

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The USDJPY has spent a lot of time above its 100 hour MA this week, but the 150.00 level in the pair still comes with a lot of fear from traders. In this video, I outline the risk going into the new trading week.

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GBPUSD fails above 100 hour MA. What next as we head into the new week.

2023-10-20

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What technicals are in play for the new trading week starting October 23rd 2023.

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