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.

GBPJPY Technical Analysis

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

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What Happened Today

The US dollar was mostly softer. The New Zealand dollar was the strongest (~0.85%) helped by cross rate gains against the Australian dollar, following the RBA’s decision to stand pat. The Australian dollar fell to one-month lows below NZD1.08. There is scope for another 0.5%, or so to the next target near NZD1.0750. The RBA’s decision to leave its cash target at 4.10% was not surprising, and despite the hawkish rhetoric, the market downgraded the...

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EURUSD Technical Analysis

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

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AUDUSD traders using moving averages to define boundaries today

200 hour moving average, 200 day moving average, and 100 day moving average all tested on the topside. The 100 hour MA (and swing area) stalled the fall.

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What is key technically for the USDJPY as the new week begins

A key level on the USDJPY held support on Friday and earlier today. The technical level will be a key barometer at the start of the trading week.

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EURUSD bias tilts marginally in the sellers favor to start the trading week

The EURUSD is trading with a small negative bias in the short term to start the new trading week. The pair is trading below the 100/200 hour MAs today, giving the sellers the advantage. It will take a move above to tilt the bias more to the upside.

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The Greenback Starts H2 on a Firm Note

Overview: The dollar is recovering from the month-end losses seen at the end of last week. Only the New Zealand dollar among the G10 currencies is holding its own. Japanese reports indicate that Tokyo is in contact with the US Treasury about intervention, which is injecting a note of caution as the greenback holds below JPY145.00. Chinese officials also appear to be stepping up their efforts to stabilize the yuan. Among emerging market currencies,...

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S&P 500 Technical Analysis

Here's a quick technical analysis on the S&P 500 with some fundamental background. For more visit ForexLive.com

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July 2023 Monthly

Price pressures remain elevated but economic momentum slowed as Q2 wound down. Many market participants think this poses a dilemma for policymakers and are skeptical that the hikes signaled will be delivered because of economic weakness or financial strains. These developments are thought to limit the tightening cycle before the inflation genie can be stuffed back into the bottle.Yet, this may underestimate the resolve of most of the major central...

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EURUSD technical update: The EURUSD fails above 200 hour MA

Is the market more balanced?

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USDCAD can’t extend above swing area resistance, and backtracks lower to 100/200 hour MAs

USDCAD 100/200-hour moving averages are at 1.3200 to 1.3215

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The AUDUSD moves above the falling 100 hour MA. First trades above since June 20

The 100 hour moving average is currently at 0.6646

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GBPUSD moves back above technical levels as USD falls. Back above key swing area.

Tests 200-hour MA at 1.27099

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USDJPY backs off from overbought levels. What now?

The USDJPY moves back toward key channel trend line and rising 100 hour MA

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EURUSD moves back into consolidation area. What do you need to watch today in the EURUSD

The EURUSD is back in the Red Box and tests the lower swing area

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Market Continues to Converge With Fed’s Forward Guidance

Overview:  A key development in recent days has been the market's convergence with the Federal Reserve's forward guidance regarding scope for two quarter-point hikes in the second half. The US two-yield is up about six basis points today, extending yesterday's 15 bp increase. It is approaching 5%. The Fed funds futures strip implies one hike has been fully priced in and about a third of the next one. The dollar has risen against all the G10...

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GBPUSD Technical Analysis

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

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I know. I know. I know. The USDJPY is overbought, but how do you trade it?

In this video, I outline how you can trade an overbought market.

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EURUSD sellers test the 38.2% target at 1.0867. What next?

The sellers are working the price lower...and back down to key retracement level. Can the sellers keep the momentum going now?

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AUDUSD consolidates below swing area resistance. 100 hour MA catching up to price.

Sellers more in control in the AUDUSD. How can you trade it?

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