Cryptocurrency Analysis: Bitcoin, Ethereum Prices Plunge into Support

To receive Michael’s analysis directly via email, please SIGN UP HERE Talking Points Bitcoin (BTC/USD) 240min Chart Technical Outlook: The price of Bitcoin plummeted today, breaking a near-term consolidation range that has held since the July 20th high. The decline is now approaching initial support at the confluence of former median-line resistance (blue) & the […]

DAX Trading Towards Gap-fill, Break of H&S Neckline

What’s inside: Post-ECB drop accelerates Friday, gap-fill likely H&S top to trigger on a move much lower from here Will require strong bullish price action to negate current bearish bias What major factors are expected to impact the DAX & Euro in Q3? Find out here! To end last week, we were noting DAX weakness […]

Video: ECB and BoJ Decisions More Than Euro and Yen Events

Talking Points: There are two drivers (currencies) for every exchange rate, but that doesn’t mean the influence is equally weighted Big moves from EUR/USD, AUD/USD and GBP/USD speak to major breakouts or reversal, but opportunity depends on motivation We look at equally-weighted indexes for the Dollar, Euro, Pound and Aussie Dollar to establish which is […]

FX Markets Turn to New Zealand, UK CPI and BOJ, ECB Meetings

Talking Points: – Typically market-moving inflation data are due out from Canada, New Zealand, and the United Kingdom over the coming days. – Rate decisions from the Bank of Japan and European Central Bank draw most of the attention this week on Thursday. – Quieter US economic calendar after the US Dollar was in the […]

GBP to Push Higher if UK Inflation Grows

Talking Points – UK inflation may hit 3.0% prompting BoE governor Carney to explain to Chancellor Philip Hammond why. – UK consumer spending may be crimped further, hurting growth. Looking for trading ideas? – Get your free DailyFX Third-Quarter Trading Forecast and Trading Guide here. The British Pound has enjoyed a healthy run in the […]