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.

The GBPUSD buyers are back in control in the short term. Can the buyers keep the bias control?

The 100-hour MA and the 50% is close support at 1.2453. Key barometer in the short term for the buyers and the sellers.

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USDCHF sellers have pushed pair down to moving average support.Will the buyers come in?

The USDCHF is testing the 200 and 100 hour moving averages at 0.90609 and 0.90504. Buyers can lean with a stop below. Sellers need a break and run.

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USDCAD buyers had their shot yesterday….they missed. Today, the price rotated toward MAs

The 100 and 200 hour MAs at 1.4382 and 1.4394 are targeted as support.

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The USDJPY tumbles lower in trading today but is finding dip buyers near a key support.

The 50% of the move up from December low comes in at 153.736. That is a key support target that has found risk focused buyers today.

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EURUSD moves higher despite the rate cut from the ECB.

Lagarde press conference is ongoing.

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Nervous Calm Shrouds FX, while February 1 US Tariffs Look Less Likely

Overview:  There is a nervous calm in the foreign exchange market. The Federal Reserve indicated that the relatively good economic performance allow is to bide its time for the economic and policy picture to clarify and policy remained "meaningfully" restrictive. The disappointing GDP figures from Germany, France, and Italy today provide a weak backdrop for the ECB, which is set to deliver a quarter-point cut. The BOJ signaled its...

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USDJPY Technical Analysis – The focus remains on US data and Trump’s policies

#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. 0:51 Technical Analysis with Optimal Entries. 1:55 Upcoming Catalysts...

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USDCHF backs off highs as the market prepares for the FOMC rate decision

The topside resistance between 0.9068 to 0.9077

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AUDUSD moves lower helped by lower Australian CPI data overnight

The pair broke below the 200-hour MA and continued the decline today.

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The USDCAD traders are making a play to the upside ahead of the BOC rate decision

The price has ticked above the high of a swing area that is key to technical bias. Stay above a swing area between 1.4448 and 1.4466 keeps the bias to the upside.

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Kickstart the FX trading day for Jan 29, w/ a technical look at the 3 major currency pairs

Kickstart the NA FX trading day ahead of the BOC and the Fed rate decision with a technical look at the 3 major currency pairs.

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Fed Day: Vigorous Defense of Independence While Standing Pat

Overview:  Tariffs and the Federal Reserve meeting are center stage today. Yesterday, the White House reiterated that tariffs on Canada and Mexico could be announced this weekend. The Canadian dollar is softer, and the Bank of Canada is widely expected deliver a quarter-point cut today and hint at a pause. There is practically no question about the Fed. It will stand pat, and we expect it to defend its independence. The Mexican peso, on the other...

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Bitcoin has rebounded sharply higher from the Monday low, but has run into MA resistance.

The low on Monday stalled at a swing area. The high reached today stallled ahead of the 200-hour MA.

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AUDUSD tilts the bias to the downside. Back below the 200 hour MA

The break higher last week falls.

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The song remains the same for the USDCAD with up and down trading continuing. What next?

The price is above the 100/200 hour MA. Staying above is more bullish in the short term. Moving below tilts the bias more to the downside.

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USDCHF reverses the declines from yesterday and is back above 100 hour MA level

The 100 hour MA at 0.9052 is close support for traders today. The 200 hour MA at 0.90768 is the next target that if broken would give buyers more control.

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What are the technicals driving the EURUSD, USDJPY and GBPUSD on January 27?

The USD is higher in trading today on increased tariffs fear to inflation. What next?

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New Tariff Threat Fuels Turn Around Tuesday ahead of Tomorrow’s FOMC Decision

Overview: The US dollar recorded lows for the month against many of the major currencies yesterday but has come back bid today. We had anticipated some consolidation ahead of the conclusion of the FOMC meeting tomorrow, and the dollar's downside momentum faded. Yet, today’s gains have been fueled by new tariff threats. In particular, Bessent, the new Treasury Secretary, said to be a moderate, reportedly was advocated increasing a universal tariff...

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Gold Technical Analysis – Focus on the FOMC decision

#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. 0:40 Technical Analysis with Optimal Entries. 1:43 Upcoming Catalysts...

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The EURUSD moved up to swing area target in the early US session and found willing sellers

The pair is trading near the 1.0500 natural support level. What next?

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