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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Dollar Consolidates to Start the New Week

2024-07-15

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2024-07-15

Overview: The assassination attempt on former President Trump has injected a new dynamic as his chances of being re-elected appear to have risen. There are a few trades that seem to benefit from a second term:  steepening yield curve, weaker Mexican peso, and stronger crypto. The dollar initially strengthened as the market's initially responded, while Tokyo markets were closed for Marine Day. As North American activity is about to begin, the dollar...

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Bitcoin Technical Analysis – The bias switched back to bullish

2024-07-15

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#bitcoin #crypto #technicalanalysis In this video you will learn about the latest fundamental developments for Bitcoin. 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. 1:00 Technical Analysis with Optimal Entries. 2:36 Upcoming Economic Data....

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Week Ahead: Following Up a Watershed Week

2024-07-13

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2024-07-13

Slowing US jobs growth, the third consecutive rise in the unemployment rate, and the softer than expected CPI are a watershed. Although the Federal Reserve will not cut rates when it meets at the end of the month, Chair Powell will likely lay the groundwork for a cut in September. Indeed, the Fed funds future market has priced in slightly more than a 25 bp cut. The deteriorating economic conditions dragged US two-and 10-year yields to their lowest...

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A number of currency pairs stretched to key target levels including the NZDUSD. What next?

2024-07-12

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A quick look at the GBPUSD, EURUSD, USDJPY and finally the NZDUSD in this video

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EURGBP trades to a new low going back to 2022 and tests an old swing area

2024-07-12

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Will the buyers stall the fall after the July run lower?

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Kickstart the FX trading day for July 12 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-07-12

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The PPI was higher but the USD has erased gains quickly

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Market Takes JPY Lower Despite Intervention Speculation, While Sterling Shines

2024-07-12

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2024-07-12

Overview: The dollar is mostly consolidating yesterday's CPI-inspired decline. The main features include the market bidding the US dollar back above JPY159 despite more speculation that the BOJ did in fact intervene yesterday and checked on the euro-yen cross in the local session today, and unexpectedly soft Swedish inflation, which the swaps market says could spur three rate cuts here in second half. A record trade surplus and strong aggregate...

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Gold Technical Analysis – The bullish bias strengthened after the US CPI

2024-07-12

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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. 0:37 Technical Analysis with Optimal Entries. 1:56 Upcoming Economic Data....

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What would increase the bearishness in the Nasdaq today and going forward?

2024-07-11

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In this video, I outline the levels that would need to be broken to increase the bearish bias. Absent that, the buyers are still in play.

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USDCAD moves lower but stalls the fall near the 38.2% retracement/200 day MA

2024-07-11

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The 38.2% and 200-day MA comes in at 1.35899 and 1.35955 respectively. The low reached 1.3588 and bounced. Key support remains. ON the topside the 100 day MA stalled the rally today at 1.36393

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The USDCHF falls after lower CPI, & bounces off retracement/swing level support.What next?

2024-07-11

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Traders will be eying the 0.8938-50 area resistance now.

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Seller in the USDJPY remain in control below 159.05 as sellers take control after US CPI.

2024-07-11

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Staying below the 38.2% of the move down form the week high keeps the sellers in control in the USDJPY.

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Kickstart the FX trading day for July 11 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-07-11

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What levels are in play now after the sharp fall in the USD after the weaker US CPI data

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Today’s Battle: Soft US CPI vs Stretched Momentum Indicators and Two Fed Cuts Discounted

2024-07-11

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2024-07-11

Overview: The focus today is on the US CPI report. Another soft reading is expected, and it may strengthen ideas of a Fed cut in September, which ostensibly gives it time to cut again before the end of the year. The dollar is trading with a softer bias against most of the G10 currencies. A stronger than expected May GDP report helped sterling reach new four month high. The greenback is also holding below yesterday's high near JPY161.80 against the...

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USDJPY Technical Analysis – The bullish bias remains intact

2024-07-11

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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. 0:48 Technical Analysis with Optimal Entries. 2:09 Upcoming Economic Data....

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USDCAD seller are making a play in No American trading after waffling up & down this week

2024-07-10

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The USDCAD is looking to test swing area support between 1.3597 and 1.3615

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USDCHF buyers enter and push the pair toward its key 100 day MA.

2024-07-10

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The buyers are making a play with a break back above the 100 hour MA, and 200 bar MA on the 4-hour chart today

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Kickstart the FX trading day for July 10 w/a technical look at the EURUSD, USDJPY & GBPUSD

2024-07-10

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In addition to the three major currency pairs, I also take a honest look at the NZUDSD

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Narrow Ranges for the Dollar Prevail Ahead of Tomorrow’s US CPI

2024-07-10

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2024-07-10

Overview: The dollar is mostly softer today, but largely within the recent ranges, as the market appears to be waiting for tomorrow's US CPI. There are a few exceptions to note. The yen is trading near its recent lows. A less hawkish Reserve Bank of New Zealand has triggered a sell-off of the local dollar. Softer than expected Norwegian inflation has knocked the krone lower. Most emerging market currencies are firmer, with several Asia Pacific...

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Gold Technical Analysis – The bullish bias remains intact

2024-07-10

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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. 0:43 Technical Analysis with Optimal Entries. 2:06 Upcoming Economic Data....

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