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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Market Prices in a Fed Cut in Q4 Ahead of CPI, While ECB to may Deliver a 50 bp Hawkish Hike

2023-03-11

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2023-03-11

Three macro events highlight the week ahead. The US February CPI will be reported on March 14. The UK's Chancellor of the Exchequer Hunt will deliver the spring budget on March 15. The ECB meets the following day. A 50 bp hike is discounted not only for this meeting, but that is the bias for the May meeting as well. It seems that US interest rate adjustment that began early February (jobs data and strong gains in the service ISM) and helped fuel...

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The US jobs report is out, the USD is down. It more than jobs as banking concerns increase

2023-03-10

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In times of uncertainty, the charts help to guide the storylines. Find out the key levels in play now for the EURUSD, USDJPY, GBPUSD and USDCAD

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Concerns Over US Banks Rival Today’s Jobs Report

2023-03-10

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2023-03-10

Overview: The unexpectedly large rise in US weekly jobless claims, the largest since the end of last September and concerns about the impact of the sharp rise in interest rates on the liquidity and value of assets (bonds) owned by small and medium-sized banks saw the market unwind the effect of Fed Chair Powell's comments. The yield on the US two-year note slumped almost 20 bp to 4.87% yesterday and fell to 4.75% today before stabilizing (~4.82%)....

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S&P 500 technical analysis for 10 March, 2023

2023-03-10

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CORECTION: There is a mistake in the March 3rd label on the video. This is an update for 10 March. In this video, we provide an update regarding the mistake in the label for our previous video. We then focus on the area of double support and its significance for swing and buy-and-hold traders. We outline the line in the sand for a bullish reversal and potential bearish trends and provide our thoughts on the current market conditions.

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S&P 500 technical analysis and key price areas bulls must protect to maintain their premise.

2023-03-09

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As I mentioned in previous videos, I will be maintaining a bullish outlook and seeking a bounce, but changing my mind ONLY IF 2 consecutive daily candles CLOSE below 3900. We are not there yet, so I am still targeting a bullish reversal and will be watching the prices mentioned in the video. Trade the S&P 500 at your own risk and visit ForexLive.com for additional views.

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One more day. The US jobs report is one more day away. What about today?

2023-03-09

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Get the latest forex technical report before the US jobs report release. In this video, we take a quick look at the EUR/USD, USD/JPY, and GBP/USD currency pairs and outline the levels to watch for as the clock ticks closer to the report. Stay informed and make informed trading decisions.

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Yen Jumps Despite Poor GDP Ahead of Tomorrow’s BOJ Outcome

2023-03-09

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2023-03-09

Overview: Seeing the drama he inspired on Tuesday, the Fed chair tried soft-pedaling the idea that he was signaling a 50 bp hike in March. The market did not buy it. And the odds, discounted by the Fed funds futures rose a little above 70% from about 62% at Tuesday's close. The two-year note yield solidified its foothold above the 5% mark. With the Bank of Canada confirming its pause, the Reserve Bank of Australia does not seem that far behind, and...

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Technical analysis of TSLA, HD, PYPL: Large block trades made by institutions (last 7 days)

2023-03-09

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Discover how to identify bullish or negative signals in the market by monitoring large block trades made by institutions in the options market. In this video, we discuss the current leaderboard for the last 7 days and reveal interesting trends in options trading. We also conduct a technical analysis of the top 3 stocks: Tesla Motors Inc. (TSLA), Home Depot Inc. (HD), and Paypal Holdings Inc. (PYPL). Learn about potential entry and exit points for...

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The effective technical analysis tip for CRM, INTU and CDNS (when to buy)

2023-03-09

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Discover the top three software/application industry stocks worth considering for investment. In this video, we analyze Salesforce, Intuit, and Cadence Design Systems, three companies with strong market capitalization, positive earnings growth, and potential for long-term growth. Plus, we provide an effective technical analysis tip to help investors make informed investment decisions. Watch the video now!

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S&P 500 technical analysis: Bulls protecting the PoC

2023-03-09

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Join me in this video as we discuss the current market sentiment, which appears to be bearish, and my bullish outlook. We'll be keeping an eye on the key levels to watch for the S&P 500, with a focus on the level at 3925, which will indicate a trend reversal if 2 consecutive daily candles close below it. However, as long as we stay above the point of control (PoC), I'm still bullish and targeting 4150 by the end of the month.

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The day after. The Fed Chair sent the USD higher yesterday. What are the charts saying?

2023-03-08

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In this trading update, we analyze the recent moves in the USDJPY, EURUSD, GBPUSD, and USDCAD in early US trading. The USDJPY tests a key corrective level, while the EURUSD and GBPUSD show modest moves to the upside but remain below key targets. Meanwhile, the USDCAD keeps its gains as the Bank of Canada is expected to keep rates unchanged.

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Powell Sends the Two-Year Yield above 5% and Ignites Powerful Dollar Rally

2023-03-08

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2023-03-08

Overview:  Federal Reserve Chair Powell's comments to the Senate Banking Committee were seen as hawkish by the market, even though it has been clear to most observers that the 5.10% median terminal rate that the Fed projected in December would be increased. Also, it seemed well appreciated a few Fed officials support a 50 bp hike at the February 1 FOMC meeting, two days before a "hot" jobs report that showed over 500k jobs were filled. It...

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While the focus was on Powell Tuesday there were also remarks from the ECB and SNB

2023-03-08

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2023-03-08

Swiss National Bank Chair Jordan threatened FX intervention! A couple of posts from Tuesday ICYMI while Powell was hogging the spotlight: ECB Knot: ECB can be expected to keep raising rates for quite some time after March ECB can be expected to keep raising rates for quite some time after March And, SNB Chairman: We cannot rule out that we will have to tighten monetary policy again We can use interest rates but also sell foreign...

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As the market awaits the Fed Chair Testimony, the technical levels are being defined.

2023-03-07

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The markets are on edge as they wait for the Fed Powell testimony, and in this report, we analyze the key risk and buy levels for major currency pairs, including the EURUSD, USDJPY, GBPUSD, and AUDUSD (post RBA rate hike). Stay ahead of the curve and watch the video for valuable insights.

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US Dollar is Better Bid Ahead of Powell, while Aussie Sells Off on Dovish Hike by the RBA

2023-03-07

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2023-03-07

Overview: The US dollar is trading with a firmer bias against nearly all the G10 currencies ahead of Federal Reserve Chairman Powell's semi-annual testimony before Congress. Speaking for the Federal Reserve, the Chair is likely to stay on message which is higher rates are necessary to cool the overheating economy. This comes on the heels of the Reserve Bank of Australia's 25 bp hike and indication that it is not pre-committing to an April hike. The...

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S&P 500 technical analysis, 7th March 2023

2023-03-07

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In this video, we discuss the current market situation and the impact of Powell's upcoming speech on price action. The price is still above the bull channel but may retest it during a choppy period. We provide our technical analysis and trading insights to help you stay ahead of the market. Don't miss out on the latest updates and visit ForexLive.com for additional views. There may be possible updates on...

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Nasdaq futures technical analysis 7th March, 2023

2023-03-07

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Yesterday's failed breakout is still lingering as the market waits for more information from Powell later this week. Watch for a possible breakout up, but also be cautious of bears taking control if two consecutive 4-hour candles close below 12233. Learn more about the technical analysis of the NASDAQ and S&P 500 in this video and visit ForexLive.com for additional views and updates. There may be possible updates on:...

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Yields Pull Back to Start the New Week

2023-03-06

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2023-03-06

Overview: The modest economic goals announced as China's National People's Congress starts was seen as a cautionary sign after growth disappointed last year. It seemed to weigh on Chinese stocks, though others large bourses in the region advanced, led by Japan's Nikkei and South Korea with gains of more than 1%. Europe's Stoxx 600 is little changed after rising for the past two sessions. US index futures are slightly softer. Strong gains were seen...

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Keep It SIMPLE

2023-03-06

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A threat to your trading is to not being simple enough. . We are all tempted to think that the more we know, the more we learn and apply will lead to more and more success. In some things in life, that works, but there is also the law of diminishing returns which can not only slow your progress toward success, but also reverse gains. Trading is one of those things where if you add too many units of knowledge, you can see a reversal of your...

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US Jobs, Kuroda’s Last BOJ Meeting, and Powell’s Congressional Testimony Highlight the Week Ahead

2023-03-04

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2023-03-04

The dollar peaked last September/October and trended lower until the January jobs report and strong service ISM on February 3. These reports and firm inflation readings, owing, at least in part, to benchmark and methodological changes, helped spur the greenback's recovery. However, we learned last week that auto sales and the service ISM prices paid decelerated in February, and this week, we will learn that job growth has slowed considerably. If...

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