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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PBOC Sends Signal in Lower Dollar Fix, while the Canadian Dollar makes a 9-Month High

2023-06-27

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2023-06-27

Overview: Hawkish comments by ECB President Lagarde at the central bank symposium in Sintra and the PBOC's weaker dollar fix have weighed on the greenback today. It is lower against most of the G10 currencies, but the Japanese yen and Norwegian krone. It also slipped to a new nine-month low against the Canadian dollar. Emerging market currencies are also mostly firmer, with the notable exceptions of the Russian rouble and beleaguered Turkish lira....

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NZDUSD Technical Analysis

2023-06-27

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Join us as we provide a comprehensive technical analysis of the NZDUSD currency pair, accompanied by essential fundamental background information. Dive into the key technical indicators and chart patterns that are currently influencing NZDUSD's movements. Gain valuable insights into the potential future trajectory of the pair based on the technical and fundamental factors at play. To further enhance your understanding, visit ForexLive.com for more...

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The USDJPY corrects lower today, but are the buyers winning? Not now.

2023-06-26

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Join us as we explore the recent correction in USDJPY, shedding light on the prevailing buyer dominance observed on both the daily and hourly charts. In this video, we will analyze the key factors contributing to the buyers' control, providing a comprehensive understanding of the market dynamics. Gain valuable insights into the technical indicators and chart patterns supporting buyer dominance and discover the potential implications for future...

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The USDCAD skims along support while resistance pushes down from above.

2023-06-26

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The battle is on in the USDCAD. Looking at the technical, the pair today stalled just above support at the 50% of the move up from the October 21 low to the October 2022 high. That level comes in at 1.3132. The low reached 1.3135 just above that level. On the topside, the high today stalled just ahead of the swing area at 1.31778. Just above that is the falling 100 hour MA. Getting and staying above each, would increase the bullish bias with the...

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EURUSD inches above 200 hour MA in early US trading

2023-06-26

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The EURUSD is now higher on the day. The EURUSD had a lid on the upside in the Asian/early European session against its 200-hour MA,  and then was pressured in the European session helped by weaker German IFO data. However, the fall has seen a rebound in the early US session and the rise has seen the price move above the 200-hour MA at 1.09145. The price is not "running" higher, but the bias is tilting more to the upside above that...

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Calm Start to the Week, with Little Impact from Russia’s Drama

2023-06-26

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2023-06-26

Overview:  The drama in Russia captured the imaginations but failed to have much impact on the capital markets. Conventional wisdom sees it as a sign of Putin's weakness, but he has been underestimated, including by many Ukrainians who did not think Russia was going to invade despite America's repeated warnings. It may take some time for the implications for the two main protagonists, Wagner head Prigozhin and Defense Minister Shoigu. The war in...

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S&P 500 Technical Analysis

2023-06-26

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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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After Disappointing PMIs, Attention will Turn Back to Inflation in the Week Ahead

2023-06-24

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2023-06-24

As the month and quarter wind down, inflation readings are featured. The US May PCE deflator, which is the targeted measure is reported. Canada and Australia report May CPI. The eurozone reports the preliminary June CPI, and Japan see Tokyo's June CPI, which serves a similar function. Leaving aside Japan, the others, including the UK have signaled that the monetary tightening cycle will be extended into H2. That said, the poor preliminary PMI...

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USDJPY continues its run to the upside. What’s in store for next week?

2023-06-23

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USDJPY break higher yesterday above target levels and opened the door for more upside probing.

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AUDUSD stepped its way down this week. Technicals led the way lower.

2023-06-23

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The AUDUSD is below the 200 day and 100 day MA now. What would ruin the bearish bias now for traders?

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Here we go again. The USDCAD back above 100 hour MA. Can the 200 hour MA be broken next?

2023-06-23

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The price of the USDCAD has not traded above the 200 hour moving averages since June 1

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Despite the 50 bp hike by the BOE, the GBPUSD is lower on the week and below MA support

2023-06-23

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The GBPUSD has moved below the rising 200 hour MA giving sellers some control

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EURUSD now lower on the week. The price is below the low of a key up and down area.

2023-06-23

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The EURUSD tumbles lower but sees a bounce in early US trading. What next for traders?

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Greenback Jumps on Weak Flash PMIs

2023-06-23

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2023-06-23

Overview: As the market reluctantly edges toward the Fed's guidance, the disappointing PMIs from Europe (but also Japan and Australia) helped boost the greenback. The Dollar Index is trading at seven-day highs above 103 after briefly dipping below 102 to set a new low since mid-May yesterday. The unwinding of cross positions is helping the yen hold its own today as it consolidates near its worst level of the year. The surging dollar and risk-off...

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USDCAD Technical Analysis

2023-06-23

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

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NZDUSD has an up and down trading day with sellers taking more control below 100/200H MAs

2023-06-22

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100 and 200 hour MAs at 0.6192 and 0.61847

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USDCHF bounces higher today. Back above 100 hour MA with 200 hour MA looming on topside

2023-06-22

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The USDCHF now has the 100 hour MA as support at 0.8955. The 200 hour moving average is resistance above at 0.89848

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USDCAD sniffs the 50% midpoint of the move up from October 2021 low

2023-06-22

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50% at 1.3132. The low reached 1.3137 today. Watching 1.3178 for short term barometer. Get above and then the 100 hour MA at 1.32015 to give the buyers some hope.

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AUDUSD buyers and sellers battle it out between technical support and resistance

2023-06-22

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200-hour moving average on the topside. Swing area on the downside

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The USDJPY keeps bouncing off the 100 hour MA.

2023-06-22

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Discover the consistent pattern of USDJPY bouncing off the 100-hour moving average (MA). Explore the potential for continued upside momentum in the currency pair. Keep a close eye on the key level of 142.237 for short-term intraday clues that may provide insights into the next market movements. Stay informed and make well-informed trading decisions by watching this video.

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