Fed Speakers Urge Interest Rate Caution Allowing EUR/USD To Crack 1.19

Highlights: DXY slides further on Euro’s remarkable run above 1.19, USD showing promise against others EUR strength could travel as political risks subside, and economic data continues to surprise Crude oil price retrace Tuesday’s drop on EIA demand picture Sentiment Highlight: Euro likely to hit further highs as retail fights trend Should we be focusing […]

Weekly Trading Forecast: Dollar to Clarify Reversal Ambitions, RBA and BoE Ahead

US Dollar Forecast: Dollar Descent Continues as U.S. Markets Stare Down NFP, PCE The USD Pain Trade has continued for another week as the Fed laid the groundwork to begin Quantitative Tightening. Key inflation and employment prints on the docket for next week will likely keep the Greenback on the move. British Pound Forecast: Trending […]

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 […]