S&P 500 Bulls Undeterred by Hawkish Fed; Eyes on Slope Resistance

What’s inside: Hawkish FOMC only causes only minor intra-day volatility, market snaps back Recent breakout might continue, but history hasn’t been kind to chasers A pair of top-side trend-lines could be problematic, bring in next way of weakness Struggling to gain momentum in your trading? Check out this beginner’s guide – Building Confidence in Trading […]

Webinar: Live Event Coverage: BOE Rate Decision

Upcoming Webinars for Week of September 10 to August 15, 2017 Friday at 9:45 EDT/13:45 GMT: UofM US Consumer Confidence (SEP P) See the full DailyFX Webinar Calendar for all upcoming strategy sessions. In this webinar I outline expectations for the Bank of England’s August policy meeting. At the previous BOE meeting, policymakers downplayed the […]

CAD Rally: Too Much, Too Soon?

Talking Points: USD/CAD falls to lows seen in May 2015 on Rate Hike Further hikes are being mooted but will the BoC wait? USD weakness is exacerbating the move. Fundamental Forecast for CAD: Neutral We remain neutral on CAD although any further sharp upward moves may open the opportunity to sell CAD against the USD […]

GBP/USD Struggles at Resistance- Weakness to Offer Opportunity

To receive Michael’s analysis directly via email, please SIGN UP HERE GBP/USD Daily Chart Technical Outlook: Last month we noted that Sterling prices were approaching a region of key, “structural support at the December high / lower parallel at 1.2760/75– a level of interest for possible exhaustion.” Indeed prices registered a low of 1.2773 before […]