Introduction to Multi-Time Frame Analysis

– Part 3: Utilizing Multi-Time Frame Analysis – Part 2: Introduction to Basic Pitchfork / Median-line Analysis – Part 1: Introduction to Basic Trendline Analysis See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings. Benefits of Multi-timeframe Analysis In part one & two of this series […]

Dollar Drop to Eight-Month Low Fires Euro, Pound Higher

Talking Points: – Dollar weakness continues to drive as we near the close of Q2, and this has created outsized rallies in European and British counter-parts. – Gold prices continue to fall as indication of increasing inflation expectations that are percolating through many major economies. – For trading ideas, please check out our Trading Guides. […]

Japanese Yen May Extend Rebound as Risk Appetite Sours

Talking Points: Commodity currencies rise as energy, material shares boost ASX 200 Yen higher as Japanese shares decline, driving anti-risk capital flows European, US stock index futures hint at further risk aversion ahead The Australian, Canadian and New Zealand Dollars traded higher in Asian trade. The move tracked gains in Australia’s S&P/ASX 200 stock index. […]

Dollar Rise Cut Short, Bitcoin Volatility Cools, Oil Bear Trend In Doubt

Talking Points: The Dollar’s inverse head-and-shoulders break was scuttled, and Yellen’s views next week will struggle to revive the move A central bank forum (ECB, BoE, BoJ, BoC) can stir up relative policy pressure, but its scope will likely be grander Top volatility hopes – Dollar, oil and Bitcoin – are universally cooling meaning the […]

British Pound: Expect Choppy, Sideways Trading

Fundamental Forecast for GBP: Neutral All in all, the past week was a good one for the British Pound, lifted by hawkish interest rate comments. However, the Brexit negotiations and domestic politics are still likely to be the key drivers in the days ahead. Check out the DailyFX Economic Calendar and see what live coverage […]

EUR/USD Risks Further Losses as COT Points to Stretched Positioning

Talking Points EUR/USD Daily Technical Outlook:EURUSD reversed off Fibonacci resistance earlier this month at the 1.618% extension of the advance off the yearly lows at 1.1285. The pullback is now testing a key near-term support confluence at ~1.1128 where the 61.8% retracement converges on former slope resistance. A break below this mark shifts the focus […]

FTSE 100 Further Develops Range on Sharp Turn Lower

What’s inside: FTSE 100 turns sharply lower from near key line of resistance May soon find itself once again testing support Continuing to favor range-trading off key levels What’s driving European equity markets? Find out in our market forecasts. After holding major support following last week’s BoE meeting the FTSE 100 mounted a sizable rally. […]

Weekly Trading Forecast: Searching for Scarce Direction Cues

A slowdown in top-tier economic news flow leaves battered financial markets to reckon with the aftershocks of last week’s back-to-back bombshells. US Dollar Forecast: US Dollar Caught Between Upbeat Fed, Skeptical Markets The US Dollar is caught between a confident Federal Reserve and skeptical financial markets even as political instability risk remains an ever-present threat. […]