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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North America likely will Sell USD Bounce Seen in Europe

2023-02-02

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2023-02-02

Overview: The failure of the Federal Reserve to push harder against the market's dovish views and the easing of financial conditions encouraged a risk-on trade that saw the dollar and yields slump and equities rally. There has been limited follow-through dollar selling today, and a small recovery ahead of the Bank of England and European Central Bank meetings.

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AAPL stock technical analysis before earnings

2023-02-02

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Technical analysis for Apple Stock ahead of earnings on February 2nd, 2023. A look at the current levels for Apple stock and potential targets. Trade with caution and be aware of potential risks. Visit ForexLive.com for a broader perspective.

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FOMC Day! Find out the key levels for the EURUSD, USDJPY and GBPUSD through the decision.

2023-02-01

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Get an in-depth technical analysis of the major currency pairs - EURUSD, USDJPY and GBPUSD - heading into the Federal Reserve's rate decision at 2 PM ET. This video covers the biases, risk levels, and targets for each of the currency pairs to help you be aware and prepared.

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The ADP comes in weaker and sends the dollar lower ahead of the FOMC decision.

2023-02-01

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Get a detailed technical analysis of the EURUSD, USDJPY, and GBPUSD ahead of the FOMC rate decision on Feb 1, 2023. The US ADP employment report came in weaker than expected, leading to a drop in the value of the US dollar. The Fed is expected to raise rates by 25 basis points to 4.75%, making it crucial to watch what Fed Powell has to say. This morning's forex technical report provides an in-depth look at the technical levels, bias, risk levels,...

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Will What the Fed Says be More Important than What it Does?

2023-02-01

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2023-02-01

Overview:  The focus is squarely on the Federal Reserve today. There is nearly universal agreement that it will lift the target by 25 bp. The market is inclined to see the shift as a sign that the Fed is nearing the end of its tightening cycle, and sees, at most, one more quarter-point hike. Despite the Fed's warnings, including in the December FOMC minutes, about the premature easing of financial conditions, the market has done precisely that.

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S&P technical analysis, 31 Jan, before Jerome Powell (tommorrow)

2023-01-31

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In this follow-up video to the recent analysis, Greg Michalowski of ForexLive.com updates on the buyers' eagerness and their behavior in the S&P 500 futures market. Watch the updated zone between the black and blue lines drawn on the chart, as discussed in the video. Set up alerts on your chart with triggers on daily CLOSE to reduce the risk of false signals. Stay up to date with additional market insights by visiting ForexLive.com.

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The US employment cost data gives the USD a shove to the downside in early NY trading

2023-01-31

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Hopes for lower inflation helps stocks recover as well and sends yields lower. The better US employment cost data has helped to lower the dollar, send stocks higher and yields lower in early NY trading. In the morning forex technical report, I take a look at the EURUSD, USDJPY, GBPUSD and the AUDUSD as they show the impact from the lower dollar after the data.

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Position Adjustments at Month-End and Ahead of FOMC Outcome Lifts the Greeenback

2023-01-31

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2023-01-31

Overview: A combination of month-end adjustments and positioning ahead of the outcome of tomorrow's FOMC meeting has taken the shine off equities and has helped lift the dollar. On the heels of yesterday's sharp decline on Wall Street, several large markets in the Asia Pacific region, including China's CSI 300, the Hang Seng, and both South Korea's Kospi and Taiwan's Taiex fell by more than 1%. Although the eurozone eked out a small expansion in Q4...

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S&P 500 futures technical analysis, ES is correcting, watch 4000 and 3992 next.

2023-01-31

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The S&P 500 futures market, symbolized as ES, is undergoing a correction phase. In this video, we'll be taking a technical look at key price levels to watch, specifically the levels of 4000 and 3992. Stay informed and up-to-date on the current market trends with this analysis.

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The forex markets are mostly consolidating as the new trading week begins

2023-01-30

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The Forex Market Update: EURUSD makes a run while GBPUSD, USDJPY, and USDCAD see mixed price action. In this morning's forex report, we take a technical look at EURUSD, USDJPY, GBPUSD, and USDCAD. The EURUSD is pushing upwards and is back above its 100-hour MA. Can it sustain this trend?

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EUR USD technical analysis & trade idea: short EURUSDat or close to 1.09818, reward vs risk is 3.5

2023-01-30

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"EURUSD Analysis: Is the Pair Showing Signs of Fatigue? Watch now to find out!"

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Anti-Climactic Return of China

2023-01-30

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2023-01-30

Overview: The re-opening of China's mainland market amid reports of strong activity during the holiday, was relatively subdued. The CSI 300 rose less than 0.5% and the Shanghai Composite eked out less than a 0.2% gain. The 0.5% gain in the yuan was largely in line with the performance of the offshore yuan. Indeed, it seems like a bit like "buy the rumor sell the fact" type of activity as Hong Kong's Hang Seng tumbled 2.75%, to give back...

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Week Ahead Alchemy: Can Powell Turn a Quarter-Point Move into a Hawkish Hike?

2023-01-28

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2023-01-28

The new year is still young, but the week ahead may be one of the most important weeks of the year. The divergence that the market has been anticipating will materialize. The Federal Reserve will most likely hike by 25 bp on Wednesday, followed by half-point moves by the European Central Bank and the Bank of England the following day. On Friday, February 3, the US will report its January employment situation. It could be the slowest job creation...

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Bannockburn World Currency Index Recoups 50% of Loss since June 2021 High, with Golden Cross

2023-01-27

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2023-01-27

The Bannockburn’s World Currency Index (BWCI) is a GDP-weighted currency basket representing the currencies of the top 12 economies, with the eurozone counted as one. The US is the world’s largest economy and the dollar’s share of the index is almost 31%. China is the second-largest economy and has a nearly 22% weight. The euro is next with a 19% weight, followed by Japan with about a 7.5% weight. After that, the weights drop off to less than 5%...

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Subdued Ending to a Quiet Week, Ahead of Next Week’s Fireworks

2023-01-27

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2023-01-27

Overview: Leaving aside the Australian dollar, which is benefiting from the optimism over China's re-opening and a reassessment of the trajectory of monetary policy after a stronger than expected inflation report, the other G10 currencies traded quietly this week and are +/- less than 0.5%. The risk-on honeymoon to start the year remains intact. The MSCI Asia Pacific Index has risen every day this week and index of mainland shares that trade in...

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Euro Closed above $1.09 but Follow-Through Buying Limited

2023-01-26

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2023-01-26

Overview: After some intraday penetration, the euro finally settled above $1.09 yesterday. However, follow-through buying has been limited and technical and option-related resistance is seen in the $1.0940-50 area. The dollar is more broadly mixed today, with the dollar-bloc and Norwegian krone leading the advancers. The euro, yen, and sterling are nursing small losses near midday in Europe. The recovery of US equity indices yesterday after gap...

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An eye opening forecast for the stock market in 2023 aided by volume profile analysis @ForexLive.com

2023-01-26

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Learn about the powerful technique of Volume Profile and how it can give you insight into the market's future direction. See how @Forexlive expert Itai Levitan uses it to predict the stock market by identifying key levels of support and resistance. Understand how volume activity at different price levels can indicate market sentiment and potential price movements. Don't miss out on this valuable information and visit ForexLive.com for more...

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Nasdaq technical analysis for 26 Jan 2023

2023-01-26

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The market reaction to Tesla's earnings release will be closely watched today. See how Nasdaq futures respond and if the uptrend is sustained. Learn about key resistance zones and what it means for bulls and bears. Stay informed with expert analysis on ForexLive.com

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Nasdaq technical analysis with the bearish MSFT earnings reversal

2023-01-25

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Learn how to spot key technical levels and potential bearish patterns in the market. Watch the video to see the next junctions to watch and the importance of the EMA20 on the daily chart. Stay ahead of the market with expert analysis.

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The Bank of Canada rate decision is the key event today. All you need to know to be prepared.

2023-01-25

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Get ahead of the game with the latest market insights for the Bank of Canada's rate decision. Tune in to find out what's expected, potential surprises, and key technical levels to watch. Plus, a quick look at the EURUSD and USDJPY to start your trading day off right. Don't miss out, watch now!

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