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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Japanese Fireworks Continue as the Market Turns to the FOMC

2023-11-01

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2023-11-01

Overview: The FOMC meeting is today's highlight but the drama in Japan continues to rivet the market. The Ministry of Finance warned of the risk of material intervention in the foreign exchange market, and the BOJ bought bonds in an unscheduled operation a day after its downgraded the 1.0% cap to a reference rate, whatever that means. The yen is trading with a slightly firmer bias. The Swiss franc is also trading a little firmer, but the other G10...

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USDJPY Technical Analysis

2023-11-01

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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 below MA support. What next?

2023-10-31

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Bias shifts to the downside on break of 100/200 hour MA

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AUDUSD sellers push the price below the 100/200 hour MA. Ups and downs continue for the pair.

2023-10-31

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AUDUSD trades below 100/200 hour MAs near 0.6374. Can the sellers keep the pressure on the pair?

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USDCHF takes its clues from support holding at the 200 day MA. Surges to the upside.

2023-10-31

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The 200 day MA stalled the fall yesterday at 0.9005

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USDCAD runs higher and approaches the high from last week

2023-10-31

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High price from last week at 1.38799 IS targeted in the USDCAD

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Kickstart your FX trading for October 31 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-31

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Kickstart your FX trading for October 31 with technical look at EURUSD, USDJPY and GBPUSD

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BOJ and China PMI Disappoint, While EMU Q2 Growth and October Inflation were Softer than Expected

2023-10-31

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2023-10-31

Overview: The Bank of Japan softened its 1.0% cap on the 10-year, while lifting its core CPI forecast this fiscal year and next. This disappointed many who anticipated a bolder move to exit the extraordinary monetary policy. The yen was sold in disappointment and the dollar has returned to the JPY150.75 area. The eurozone contracted by 0.1% in Q3, while October CPI came in below expectations at 2.9%. The greenback is softer against most of the...

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USDCAD Technical Analysis

2023-10-31

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

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Markets Calm but Trepidation Runs High

2023-10-30

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2023-10-30

Overview: Fears that the Israel-Hamas war was going to widen this past weekend sent gold and oil sharply higher at the end of last week. A reportedly more restrained Israeli entrance into Gaza has seen gold pullback back below $2000 (~-0.6%) and December WTI soften (~-1.7%). The US dollar is mostly softer. Stronger-than-expected Australian retail sales fan the risk of a hike next week and this appears to be helping the Australian dollar lead the...

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Gold Technical Analysis

2023-10-30

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

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November 2023 Monthly

2023-10-28

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2023-10-28

November may be an in-between month. It will be a month of limited monetary policy actions and a period of heightened geopolitical tensions. Fiscal policy may be more interesting, with a Japanese supplemental budget, more measures expected from China, and a debate in Europe over the re-implementation of the Stability and Growth Agreement. In the US, the drama that played out in the House of Representatives could still leave the federal government...

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GBPUSD keeps a bearish bias with the 100/200 hour MAs stalling the rally (again)

2023-10-27

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The GBPUSD stalled the rally on Wednesday and again today

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EURUSD technicals with a negative bias. Price is below the 100/200 hour MA barometers.

2023-10-27

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The 200-hour MA at 1.0580 and 100-hour MA at 1.0589 will be the barometer for buyers and sellers next week

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Nasdaq falls sharply this week & falls below 200 day MA, but there is still some hope.

2023-10-27

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The Nasdaq index fell below the 200 day MA, but did find support buyers near the 100 week MA. That sets the pair up for a battle in trading next week.

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USDJPY sellers making a play. What does that mean? Where are the risks? Find out here.

2023-10-27

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The USDJPY falls below 150.00 and other technical levels. What next?

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NZDUSD failed on a break below a key trend line this wk. Does it open a door for buyers?

2023-10-27

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Not so fast! Buyers have some control, but they need to do more.

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The USDCAD moved to a real good target level. It’s so important you want to know about it.

2023-10-27

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The USDCAD is testing a key resistance target. Will sellers lean?

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It’s time to get on my soapbox, educate and tell the technical story of the USDCHF

2023-10-27

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Why does 'the market' do what it does and why you should look to do the same thing

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Kickstart your FX trading for October 27 with technical look at EURUSD, USDJPY and GBPUSD

2023-10-27

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Kickstart your FX trading for October 27 with technical look at EURUSD, USDJPY and GBPUSD

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