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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USDCAD moves higher and runs away from 100/200 hour MAs

2023-10-18

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The price of the USDCAD based against its 100 hour moving average of 1.36467 and is now trading to new highs at 1.3675.

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Sellers in the AUDUSD taking back control after the run higher on China data fails

2023-10-18

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AUDUSD back below its 200 hour moving average of 0.63687. Staying below keeps the sellers more in control.

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Kickstart your FX trading for October 18 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-18

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 18, 2023?

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Geopolitical Tensions Lift Oil and Gold, but little Sign of Haven Buying in FX

2023-10-18

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2023-10-18

Overview: US economic data surprised to the upside yesterday, and although interest rates rose as one would expect, the dollar's initial gains were pared, and the Dollar Index finished slightly lower on the day. This seemed, in some respects, to echo how the greenback reacted to the recent jobs report. However, then, interest rates softened, but the inability to rally on seemingly good news is notable. The heightened tensions in the Middle East...

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USDJPY Technical Analysis

2023-10-18

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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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USDCAD spikes higher and comes back down. What next for the pair technically?

2023-10-17

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The USDCAD falls back below the 200 hour MA. In a volatile market, that is a level to watch in the short term now.

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Sellers in the EURUSD give up & buy instead. Technicals tell the story and give the clues.

2023-10-17

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The move above the 100/200 hour moving averages switches the bias back to the upside.

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AUDUSD trades the technicals on the top and bottom side. Up and down trading today.

2023-10-17

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The AUDUSD is higher with the 50%/200 hour MA and swing area stalling the rally. Swing area stalls the fall.

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Kickstart your FX trading for October 17 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-17

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What technicals are driving the 3 major currency pairs to start the North American trading day on October 17, 2023?

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Markets Remain on Edge

2023-10-17

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2023-10-17

Overview:  The markets remain on edge. The press reports US President Biden is planning an imminent trip to Israel while Iran warns of "multiple fronts" against Israel if the attacks on Gaza continued. The dollar, which was offered yesterday, is better bid today. Still, the capital markets are relatively quiet. Even the Swiss franc, which was the strongest G10 currency last week (~0.9%) is slightly heavier today. Among emerging market...

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EURUSD Technical Analysis

2023-10-17

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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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What are the technicals saying for the EURUSD and GBPUSD going into the new trading day.

2023-10-16

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A technical look at both the EURUSD and GBPUSD as each make a break above the 200-hour moving average and look toward its 100-hour moving average to start the new trading day.

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NZDUSD rebounds after sharp fall last week, but buyers have work to do for control.

2023-10-16

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The low price on Friday stalled within a swing area between 0.58798 and 0.58945

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USDCAD falls toward key MAs on 4-hour chart

2023-10-16

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The 100 and 200 bar MAs on 4-hour chart are targeted at 1.3597 and 1.3576 respectively

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Capital Markets are Calm though Anxiety Continues to Run High

2023-10-16

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2023-10-16

Overview: The risk that the war in Israel spreads remains palatable, and several observers have warned of the greatest risks of a world war in a generation. Still, the capital markets remain relatively calm. The US dollar is softer after closing last week firmly. The only G10 currency unable to post corrective upticks today is the Swiss franc. Among emerging market currencies, the Polish zloty has been boosted by the pro-EU election results, and...

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Gold Technical Analysis

2023-10-16

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Here's a quick technical analysis on Gold with some fundamental analysis. For more visit ForexLive.com

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Week Ahead: Softness in US Real Sector, Key UK and Canadian Data, and China’s Q3 GDP

2023-10-14

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2023-10-14

The markets absorbed two shocks last week. The war in Israel that seems to know of no restraint underpinned oil prices and appeared to help boost gold and the Swiss franc, the only G10 currency to appreciate against the dollar. The other was the continued deluge of US Treasury supply, the coupon auctions that tailed and higher than expected PPI and CPI. Nevertheless, the US 10- and 30-year yields fell nearly 20 bp last week, snapping a six-week...

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EURUSD: The EURUSD moves down to test 1.0500 and finds support. Sellers in control.

2023-10-13

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Sellers are in control heading into the weekend/into the new trading week

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GBPUSD: New lows for the pair. What next as we head into the new trading week?

2023-10-13

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The sellers are taking more control in the GBPUSD with the pair looking toward the lows from October

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AUDUSD falls toward low from October and low for 2023

2023-10-13

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A move below 0.62849 would take the AUDUSD to the lowest level going back to November 2022

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