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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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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EURUSD bounces off the 38.2% retracement and 100 hour MA support for 2nd time today

2023-11-07

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The dip buyers against the 38.2% were joined by the 100-hour moving average near the 1.0664 level. Traders leaned against that level as risk can be defined and limited. That could be you too.  Were you there?

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AUDUSD falls after RBA rate hike. Shift to a less hawkish stance leads to the fall.

2023-11-07

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The AUDUSD has moved down to support near 200 hour MA, and 0.6400 support

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Kickstart your FX trading for November 7 with technical look at EURUSD, USDJPY and GBPUSD

2023-11-07

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What is moving the markets from a technical perspective in the 3 major currency pairs on November 7, 2023.

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The Dollar’s Recovery has been Extended, but it may Give North American Operators a Better Selling Opportunity

2023-11-07

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2023-11-07

Overview: The dollar's sell-off last week was extreme and it recovered yesterday and through the European session today. The Australian dollar has been hit the hardest. It is off more than 1% today after the RBA lifted the cash rate by 25 bp (to 4.35%). Still, the US dollar's gains have stretched intraday momentum indicators, suggesting the upside correction may be nearly over. The greenback's moves appear to have been driven by interest rate...

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EURUSD Technical Analysis

2023-11-07

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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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AUDUSD buyers run into a cluster of resistance. Seeing some corrective selling.

2023-11-06

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AUDUSD trades above and below 0.6500 after testing cluster of resistance between 0.6500 to 0.6521

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USDCAD rebounds helped by weaker Ivy PMI and higher US rates. What next?

2023-11-06

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The US rates are higher today and acting as a tail wind for the USD including the USDCAD. Having said that, there is work to do to give the buyers additional confidence after the sharp falls from last week.

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The USDCHF broke lower on Friday and moved below key 200 day and 100 bar MA on 4H chart.

2023-11-06

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Bearish break on Friday in the USDCHF below the 200 day MA at 0.9002 and the 100 bar MA on the 4-hour chart at 0.8997. Stay below is more bearish going forward.

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