How Confident Are You In the EUR/USD’s Reversal?

Talking Points: While October is looking to be a quiet month overall, EUR/USD looks to be staging a productive shift on lower time frames A clear head-and-shoulders pattern has formed for this benchmark pair and arguments can be made whether it broke Thursday Fundamentals need to provide the drive for me – but there we […]

Four-Day Losing Streak Breaks Aussie Down to Three-Month Lows

To receive Michael’s analysis directly via email, please SIGN UP HERE AUD/USD Daily Chart Technical Outlook: Aussie broke below confluence slope support at ~7778 last night on the heels of a lackluster print on 3Q CPI. The decline is now targeting a critical support confluence highlighted in yesterday’s weekly technical perspective at 7630/65. A break […]

Euro Stable as PMIs Leave Euro-Zone Tapering Expectations Intact

Talking Points – Euro-Zone economic growth eased in October but remained strong, according to the latest purchasing managers’ indexes. – That means the European Central Bank is still likely to announce a tightening of monetary policy Thursday. – The Euro was stable after the data and will likely remain little changed until Thursday’s announcement. What […]

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 […]