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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Who Changed: Powell or the Market?

2023-11-10

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2023-11-10

Overview:  A poor reception to the 30-year Treasury sale and Federal Reserve Powell pledged to raise rates again, if necessary, not exactly a new ground, but it spooked the doves--driving rates sharply higher and fueling a strong dollar recovery. There was a large five basis point tail on the bond sale. The eight-day rally in the S&P 500 and nine-day advance in the NASDAQ was snapped like dry kindling. The S&P 500 comes into today down on...

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USDJPY Technical Analysis

2023-11-10

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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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USDCHF breaks key resistance levels, maintains bullish bias

2023-11-09

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The USDCHF has climbed above its 200-hour moving average and broken the 38.2% retracement level, indicating a stronger upside bias. The price remains above the 100-hour and 200-day moving averages, further supporting the bullish sentiment. Traders await a sustained move above these levels to confirm the upward momentum.

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Jerome Powell speech interrupted by climate protestors

2023-11-09

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Jerome Powell IMF speech interrupted by climate protestors. The video feed cuts away but the audio stays live as he tells them to "close the f**king door".

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AUDUSD: Potential upside momentum as price threatens to snap 3-day decline

2023-11-09

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The AUDUSD has moved lower recently but is now showing potential for upside momentum as the price threatens to end its 3-day decline. Buyers have come in near support levels, and if they can hold above the rising 200-hour moving average, there is the possibility of a move towards the 100-hour moving average and a swing area. Stay updated on the AUDUSD's price action.

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USDCAD struggles to maintain bullish technical momentum. A deep dive into the USDCAD pair.

2023-11-09

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The USDCAD faces resistance as buyers fail to push the price above key levels and falling oil prices weigh on the upside. With the price below the 200-hour moving average, sellers are gaining confidence for a potential downside move.

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NZDUSD Holds Support, Buyers Attempt to Take Control Above Moving Averages

2023-11-09

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The NZDUSD has moved lower but found support near the swing area and is now attempting to stay above key moving averages. Buyers are showing willingness to keep control and push the price higher, but need to stay above specific levels to gain more control.

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Kickstart your FX trading with a technical look at the EURUSD, USDJPY and GBPUSD.

2023-11-09

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Get the latest insights on the EURUSD and USDJPY currency pairs in today's Forex trading update. Discover swing levels for EURUSD and key support for USDJPY, and see how market traders are battling with their biases. Stay informed and make informed trading decisions.

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Food Prices Drive China’s CPI Lower while the Greenback is Mostly Firmer in Narrow Ranges

2023-11-09

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2023-11-09

Overview: The dollar is mostly firmer against the G10 currencies and has been confined to tight ranges through the European morning. Outside of the China's deflation and Japan's monthly portfolio flow data that showed Japanese investors bought the most amount of US Treasuries (~$22 bln) in six months in September, the news stream is light. Most emerging market currencies are trading with a softer bias today. The Philippine peso is the strongest...

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S&P 500 Technical Analysis

2023-11-09

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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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Quick thoughts: Real money is hitting the bond market

2023-11-08

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Adam Button from ForexLive talks about the backdrop in markets on Nov 8, 2023 and what it means going forward. Three main topic: 1) Yields and what they're saying 2) The dollar rallying despite the strong risk trade 3) The drop in oil and whether it's sending mixed signals

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USDCAD has been helped (to the upside), by lower oil prices. What about the technicals?

2023-11-08

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Oil moved below $76 today and the USDCAD moved above the 200 hour MA but can that momentum continued today?

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Kickstart your FX trading for November 8 with technical look at EURUSD, USDJPY and GBPUSD

2023-11-08

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What is moving the markets from a technical perspective in the 3 major currency pairs on November 8, 2023.

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What’s next for the S&P 500? A SPX technical analysis that matters.

2023-11-08

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🚀 Is the S&P 500 About to Take a Bearish Turn? | Full Technical Analysis Breakdown🚀 📈 *Prepare for Jerome Powell's speech aftermath with our in-depth technical analysis!* 🔍 Dive deep into the intricacies of the S&P 500 as we explore what the future holds post-Jerome Powell's crucial address. We're not just chart-watchers; we're chart-breakers. On today's episode, we meticulously dissect the 4-hour chart, equipped with the Williams %R...

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Greenback Returns Better Bid

2023-11-08

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2023-11-08

Overview: After the making marginal new highs in early North America yesterday, the dollar pulled back, arguable dragged lower by the softness of US rates, helped by the sharp drop in oil prices and healthy reception to the US three-year note auction. However, the greenback has returned better bid today as the market continues to search for direction post-FOMC and US jobs report. The euro and sterling are the weakest of the G10 currencies through...

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USDJPY Technical Analysis

2023-11-08

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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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NZDUSD bounces off the 200 bar MA on 4-hour chart and the 50% midpoint

2023-11-07

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Buyers set their flag in the ground at the dual technical levels at 0.59135

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GBPUSD retests its 100 hour MA. Key level for all traders. Here’s why..

2023-11-07

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GBPUSD tests the 100 hour MA at 1.22719 and a swing area between 1.2261 and 1.22758

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GBPUSD retests its 100 hour MA. Key level for ALL traders. Here’s why.

2023-11-07

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GBPUSD tests the 100 hour MA at 1.22719 and a swing area between 1.2261 and 1.22758

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USDCAD rebounds higher and retraces 50% of the move down from last week’s high. What next?

2023-11-07

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The 50% of the move down comes in at 1.37634. The 100 hour MA is close support now at 1.3740.

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