Crude Oil, Gold Prices Positioned for Weakness Into Holiday Lull

Talking Points: Crude oil, gold prices mark time as liquidity ebbs into holiday lull Technical positioning hints at weakness when participation returns Weekend news-flow, US data anticipation may translate into gaps Commodity prices marked time as investors settled in for market closures in observance of the Good Friday holiday. Australia, Hong Kong and most of […]

JPY Weakness Pushes USD/JPY Back Toward 113: SW Report

Key Highlights: JPY weakness keeps USD/JPY near 113, advances held back due to October 22 election AUD fell by 0.5% after the RBA emphasized displeasure with a higher exchange rate EUR holds technical support ahead of ECB minutes release on Thursday IGCS Highlight: Rise in GBP/JPY short positions favor resumption of SW uptrend Strong Weak […]

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 […]


Silver Eyes Key Resistance- Weakness to Be Viewed as Opportunity

Talking Points Silver rally at risk near-term, broader outlook remains constructive Updated targets & invalidation levels Looking for more trade ideas? Review DailyFX’s 2017 Trading Guides. Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET) Silver Daily Technical Outlook: Silver prices are responding to a key resistance confluence at 17.74/86– this region […]


September Forex Seasonality Favors USD Weakness, European FX Strength

Talking Points: – Septembertypically the US Dollar retreat in favor of the European currencies. – Gold’s recent performances in September have skewed the 20-year seasonality trend. – S&P 500 typically has its second-worst performance of the year in September. See the full rundown of seasonal patterns broken down by currency pairs below, and to receive […]