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.

The Dollar: Don’t Get too Far Ahead of the Story

The most important development in foreign exchange probably took place in the interest rate market last week. A series of disappointing US economic data and the Fed's "unconditional" commitment to rein in inflation have heightened concerns that economic weakness will limit the Fed's ability to hike rates. 

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The End Game Approaches

The pendulum of market sentiment swings dramatically.  It has swung from nearly everyone and their sister complaining that the Federal Reserve was lagging behind the surge in prices to fear of a recession.

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Risk Appetites Improve Ahead of the Weekend

Overview: Equities are higher and bonds lower as the week's activity winds down. Asia Pacific markets rallied, paced by more than 2% gains in Hong Kong and South Korea.

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S and P Technical Analysis for 24 June and the week ahead

Looking for ES to reach the close area of 3900 which is the top of the potential range. Profit partial takers will be attracted to sell there, if it gets there, IMHO. We are stll building a base for a bullish reversal in the medium term, but watch your entry price as we are getting to the top of the potential range and you may want to bet that you can get a more attractive lower entry price during next week. For more technical analysis including...

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Nasdaq Technical Analysis for 24 June 2022, NQ1! 11818.00 ▲ +0.69%

Nasdaq futures reached our target of 11800 and looks like is heading towards 3 price points before temporary partial profits takers (sellers) will probably step in.

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Johnson’s Ability to Lead Tories into Victory at Risk with Today’s By-Elections

Overview: Asia Pacific equities were mixed. Gains were recorded in China, Hong Kong, Australia, and India, among the large markets, while Japan was mostly flat and South Korea and Taiwan shares fell.

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Nasdaq Technical Analysis Update NQ1! 11528.75 for 23 June 2022

Nasdaq futures is still in our range and looks to still be headed to 11800.

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Risk Appetites are Fickle

Overview: Yesterday’s strong US equity gains failed to carry over into today’s session. Japanese and Australian shares fared the best among the large Asia Pacific market, with the Nikkei off less than 0.4% and the ASX off less than 0.25%.

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Equities Jump, Dollar Slips, and European Yields Drop

Stocks are rallying. Nearly all the large bourses in the Asia Pacific region rose with China being the noted exception.

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US Holiday Facilitates Consolidative Tone

Overview: Most equity markets in the Asia Pacific region lost ground today. China’s Shenzhen, Hong Kong, and India were notable exceptions.

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Nasdaq Futures, Quick Technical Analysis for 20-21 June, 2022

The bullish reversal attempt we mentioned in our previous Nasdaq technical analysis, is in play, and we have got our eyes on a new trading range for the next 2 days ( 20 and 21 of June 2022 ). NQ Futures price is 11374.75 (▲ +0.69%) at the time of recording.

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With the Central Bank Pivots Discounted, Will the Forex Market Consolidate?

The dramatic moves in the money market were investors discounting the acceleration of the tightening cycle among the major economies. 

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Technical Analysis for Nasdaq Futures, 17 June 2022, Support and Resistance

We look at key supports and resistances for Nasdaq Futures.

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Nasdaq Index Technical Analysis created on 17 June 2022

Analyzing and charting the Nasdax Index on the monthly chart. Created on 17 June and relevant for June and July 2022.

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Is a 0.3% Miss on Headline CPI Really Worth a 77 bp Rise in the December Fed Funds Yield?

Overview: Better than expected Chinese data and an unscheduled ECB meeting are the highlights ahead of the North American session that features the May US retail sales report and other high frequency data before the outcome of the FOMC meeting.

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What to expect from the FOMC and where to watch for a market turn

Wednesday's FOMC decision will be a major market mover and could deepen the wounds in financial markets but there's also reason to think that much of the worst is priced in. The US dollar has been extraordinarily strong and is near multi-decade highs on a number of fronts. Could that turn on the FOMC decision? LET'S CONNECT! Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Homepage ► http://www.forexlive.com/

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Prospects of Aggressive Tightening Sends Shock Waves through the Capital Markets

Overview: The markets' evolving expectations of a more aggressive monetary policy is not limited to the Federal Reserve, where the terminal rate is now straddling the 4% area, around 100 bp above late May levels.

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Dollar Jumps, Stocks and Bonds Slide

The prospect of a more aggressive Federal Reserve policy has spurred a sharp sell-off in global equities and bonds and sent the dollar sharply higher. The large Asia Pacific bourses were off mostly 2%-4%.

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Greenback Poised to Challenge May Highs

The firmer than expected US CPI did not change expectations that the Federal Reserve will hike the Fed funds target by 50 bp on June 15. What it did was boost the chances that the 50 bp steps will continue through at least November.

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Fed 50, BOE 25, and the BOJ to Stand Pat: Week Ahead

Three G7 central banks meet in the coming days, and they dominate the macro stage. The Federal Reserve's meeting concludes on Wednesday, the Bank of England on Thursday, and the Bank of Japan on Friday.

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