Weekly Trading Forecast: Central Bank News Promises Fireworks

Central banks will command financial markets’ attention in the week ahead, with speeches from top officials including Fed Chair Yellen and a wealth of policy-defining data due. British Pound Forecast: Supported For Now But Politics Hold Sway The British Pound continues to be held ransom by the ongoing Brexit talks although next month’s central bank […]

EUR/USD Standing Head-and-Shoulders above the Rest

Check out the fundamental view on EURUSD in our Q4 Forecast. We aren’t quite there yet, but a topping pattern – ‘Head-and-shoulders’ – is coming more and more into focus with each passing day. The beginning of the pending pattern starts back in early August with the development of a ‘left shoulder’, the ‘head’ came […]

USD/JPY Stair-Stepping Down Support

To receive Michael’s analysis directly via email, please SIGN UP HERE USD/CHFDaily Chart Technical Outlook: USDJPY turned from median-line resistance last week after failing to punch through basic trendline resistance extending off the yearly high. The focus is on near-term confluence support at 111.86/99– a region defined by the 23.6% retracement and the 200-day moving […]