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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Week Ahead: Anniversary of the End of Bretton Woods Sees Resilient Dollar and Firmer US Rates: Can it Persist?

2023-08-12

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2023-08-12

Tuesday marks the 52nd anniversary of the end of Bretton Woods currency arrangement, which pegged the dollar to gold and other currencies to the dollar. Some economists have tried framing their views in terms of Bretton Woods II and there have even been proponents of Bretton Woods III, but these are informal arrangements at best, no reciprocity, or mutual obligations. The point of the matter is that the end of Bretton Woods ushered in the modern...

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Dollar Proves Resilient and Even Strong UK GDP Figures Hardly Dents It

2023-08-11

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2023-08-11

Overview: The dollar's resilience after initially selling off in response to the as-expected CPI was impressive. A quieter tone is dominating today and most of the G10 currencies are +/- 0.15%. While the dollar is consolidating, the underlying tone is still firm. For the week, it has risen against all the major currencies and the Dollar Index is up nearly 0.6% this week, its fourth consecutive weekly gain. The greenback is rising today against most...

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NZDUSD trades to a new low for the week and trades below the 50% midpoint

2023-08-11

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Dive into a comprehensive analysis of the NZDUSD pair as we explore its recent price movements and trends. In this video, we dissect the significance of the pair trading to a new weekly low and dipping below the crucial 50% midpoint.

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What are the charts telling us for the EURUSD, USDJPY and GBPUSD?

2023-08-11

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Join us for an insightful technical analysis of three major currency pairs – EURUSD, USDJPY, and GBPUSD. As we approach the European trading session, we uncover what the charts have to say about these influential pairs. Discover potential trends, key support and resistance levels, and important price action signals that could shape your trading decisions.

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The Greenback is Softer Ahead of CPI but Key Chart Points Remain Intact

2023-08-10

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2023-08-10

Overview: The deluge of Treasury supply is nearly over for this week. On tap today are 4- and 8-week T-bills and $23 bln 30-year bonds to finish the quarterly refunding. The sales will come after the July CPI print that is expected to see the first year-over-year increase since last June. The market is going into the report with about a 15% chance of a Fed hike next month discounted. Meanwhile, September crude oil extended its recover from $80 seen...

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EURJPY pushes against ceiling area. Key area for both buyers and sellers in the pair.

2023-08-10

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Join us as we delve into the intriguing movements of the EURJPY, which is currently testing a critical ceiling area spanning from 157.90 to 158.046. This week's price action has brought the pair closer to this significant resistance, raising questions about a potential breakout. Discover the historical context of this level and its implications for traders. We explore scenarios for both bullish and bearish outcomes, shedding light on the dynamics...

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AUDUSD sellers in control. Find out why in this technical video analysis.

2023-08-10

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Dive into the dynamics of the AUDUSD as sellers approach August lows and grapple with a significant daily chart swing area dating back to September 2022. Join us as we dissect the factors influencing the bearish bias and explore the potential catalysts that could impact the currency pair's future direction. Uncover the critical levels to watch and gain valuable insights into the evolving market sentiment.

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The GBPUSD bias is more bearish short term, but more bullish long term. What next and why?

2023-08-10

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Join us as we dissect the intricate relationship between the upcoming US CPI report and its influence on GBPUSD. Delve into the contrasting short-term bearish bias and the technically bullish stance on the daily chart. Discover the crucial levels that will shape the market's future direction and gain insights into potential trading opportunities that lie ahead.

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It is time to get ready for the US CPI. What levels are key for the EURUSD?

2023-08-10

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Join us for an insightful analysis of the ongoing battle between buyers and sellers as the current price action toggles above and below the critical 100/200 hour Moving Averages (MAs). Gain valuable insights into the dynamics at play and uncover potential trading opportunities in this intriguing market scenario.

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USDJPY ticks to a new high and moves away from a key swing area in the process

2023-08-09

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Explore the USDJPY's impressive 3-day consecutive rise and its potential implications in this comprehensive analysis. Discover how the price has surged above a critical swing area ranging from 143.44 to 143.54, establishing a new risk level for traders. Staying above this level could signal a more bullish sentiment, while a move below may trigger a downside retracement following the break. In anticipation of the upcoming US CPI release, where...

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After Strong Demand for US Three-Year Notes, Treasury will Sell $38 bln 10-year Notes

2023-08-09

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2023-08-09

Overview: The first leg of the US refunding was well received, with the three-year note being scooped up by investors, driving the yield below it was trading in the when-issued market. Today, the Treasury sells $38 bln 10-year notes, whose auctions have been less than stellar recently. The US 10-year yield reached 4.20% last week and is now straddling 4%. Italian bonds are also firm as the Italian government clarifies the new tax on banks' windfall...

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WTI Crude Oil Technical Analysis

2023-08-09

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

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AUDUSD sellers are more in control. Close risk is the 61.8% on daily and 100 hour MA

2023-08-09

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Uncover the crucial levels shaping the AUDUSD's trading landscape in this insightful analysis. Learn how the 61.8% Fibonacci retracement of the range from the 2022 low, located at 0.65468, and the 100-hour moving average at 0.6552 play a pivotal role in influencing the AUDUSD's direction. Stay tuned as we delve into the implications of staying below these levels, potentially leading to a more bearish sentiment for the AUDUSD.

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GBPUSD trades between its 100 and 200 hour MAs.

2023-08-09

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Dive into the intricate dynamics of the GBPUSD trading pair in this comprehensive analysis. Explore the current situation where GBPUSD is positioned between its 100 and 200-hour moving averages, resulting in a neutral technical bias in the short term.

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The USDJPY buyers need to break above 143.54 to increase the bullish bias. Watch to understand why.

2023-08-09

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Join us as we delve into the dynamics of the USDJPY trading pair. In this video, we analyze the crucial resistance level at 143.54 that USDJPY buyers need to breach to strengthen the bullish momentum. Discover the factors behind this pivotal point and gain insights into the potential impact on the pair's future price movements.

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For the EURUSD in trading today it is above the 100 hour MA above and the 100 day MA below

2023-08-08

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Dive into the latest developments of the EURUSD trading pair with our comprehensive analysis. In today's trading session, the EURUSD is positioned above the 100-hour moving average (MA) and below the 100-day MA. While short-term sellers retain some influence, the focus remains on the critical 100-day MA as a potential turning point.

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Risk Appetites Squashed by Weak Chinese Imports/Exports and Moody’s Downgrade of 10 US Banks

2023-08-08

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2023-08-08

Overview: The combination of falling Chinese imports and exports, Moody's downgrade of ten US small and medium-sized banks is serving to squash risk appetites. Equities are weak, but bond markets are strong despite the surprise tax on Italian banks announced yesterday and the kick-off of the US $103 bln refunding today. Outside of Japan and Australia, Asia Pacific equity markets were lower led by a 1.8% drop in the Hang Seng and a nearly 2.2% loss...

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EURUSD Technical Analysis

2023-08-08

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

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Canada was on holiday on Monday but that did not stop the USDCAD from reaching a key level

2023-08-07

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While Canada observed a holiday on Monday, the USDCAD managed to reach a significant milestone by testing its 100-day moving average (MA). The currency pair encountered willing sellers at this crucial level, resulting in a price retreat. Now, the question arises: What lies ahead for the USDCAD? In this analysis, we closely examine the USDCAD's price action, discuss the implications of the test of the 100-day MA, and explore potential scenarios for...

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Forex quick look at the EURUSD, USDJPY, GBPUSD and AUDUSD to start the Asian session

2023-08-07

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As the Asian trading session begins, join us for a rapid yet insightful overview of key levels and trends in some major currency pairs. We focus on the EURUSD, USDJPY, GBPUSD, and AUDUSD, highlighting the technical levels that are poised to influence these currency pairs as they head into the new trading day. In this quick analysis, we discuss support and resistance levels, potential breakout points, and market sentiment cues. Stay informed and...

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