Michael Boutros

Currency Strategist

Expertise:
Short term trading and intraday technical levels
Michael Boutros is a Currency Strategist for DailyFX, specializing in intraday trading strategies and analysis. He has had years of experience on FX trade desks and has published currency market research for many different trader websites. He holds degrees in Economics and Philosophy from Rutgers University. With the start of his career rooted on the trade desk, Michael keeps a close eye on actionable trade ideas throughout the trading week.

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RECENT ARTICLE


GBP/USD Weakness to Be Viewed as Opportunity

The reversal off key resistance earlier this week shifts the focus to upcoming structural support. Here are the updated targets & invalidation levels that matter.

Near-term Setups in EUR/USD, EUR/JPY, EUR/AUD & AUDUSD

EUR/USD Volatility Ahead- Relief Rally Looks to ECB for Fuel

The rebound off key support is at risk ahead of tomorrow's ECB interest rate decision. Here are the updated targets & invalidation levels that matter into the release.

EUR/AUD Approaching Decision Zone Ahead of Aussie GDP, ECB

The pullback is eyeing near-term support as we head into significant event risk over the next 48-hours. Here are the updated targets & invalidation levels that matter.

AUD/USD Recovery Hinges on RBA, 3Q GDP; Rally at Risk Sub-7600

The relief rally is testing near-term resistance ahead of tonight's RBA rate decision. Here are the updated targets & invalidation levels that matter into the release.

Webinar: USD Pullback Fueling Setups Across the Majors- Levels to Know

Webinar highlighting featured setups we're tracking into the start of the week. Here are the updated targets & invalidation levels that matter.

USD/JPY Rally Eyeing Key Resistance Confluence Ahead of U.S. NFP

USDJPY is up more than 13% off the November lows with the rally at risk near-term. Here are the updated targets & invalidation levels that matter into the release.

3Q GDP, OPEC to Drive USD/CAD Volatility- Shorts at Risk into 1.3370

The USDCAD setback is targeting key near-term support ahead of major event risk tomorrow. Here are the updated targets & invalidation levels that matter into the release.

NZD/USD Outlook Bearish Below 7150 Ahead of US 3Q GDP

The near-term rebound in kiwi is at risk heading into key confluence resistance. Here are the updated targets & invalidation levels that matter into the release.

Webinar: USD Rally Looks Tired Ahead of NFPs with Fed Hike Priced In

Webinar highlighting featured setups we're tracking into the close of the month. Here are the updated targets & invalidation levels that matter.

Gold Prices in Freefall as U.S. Dollar Rally Stretches

Prices have broken below a key support zone leaving gold vulnerable for further losses. Here are the updated targets & invalidation levels that matter.

USD/JPY Resistance- Rally Eyes Durable Goods, FOMC Minutes for Fuel

The long-bias is at risk as the advance approaches key near-term resistance targets. Here are the updated targets & invalidation levels that matter into the release.

USD/CAD Pullback Eyes Key Support Zone Ahead of Canada Retail Sales

A reversal off resistance last week shifts the focus to key structural support. Here are the updated targets & invalidation levels that matter into the release.

Webinar: FX Majors in Focus as USD Rally Dissipates

Webinar highlighting featured setups we're tracking into the shortened holiday week. Here are the updated targets & invalidation levels that matter.

Weekly Trading Forecast: Does a Seasonal Liquidity Drain Benefit or Threaten the Markets?

The US Thanksgiving holiday week offers a historical drain on liquidity and boost in speculative reach. However, against the backdrop of rate speculation, protectionism and uneven risk trends; shallow...

Gold Prices into Support as Trump Rally Ignites the Dollar

Gold prices fell for the second consecutive week with the precious metal down 1.5% to trade at 1209 ahead of the New York close on Friday.

Near-term Setups in AUD/NZD, USD/CAD, AUD/USD & EUR/GBP

USD/CAD Testing Monthly Open Support Ahead of Canada CPI

Prices responded to resistance early in the week with the focus now on key CAD data tomorrow. Here are the updated targets & invalidation levels that matter into the release.

AUD/USD Breakdown to Turn or Burn on Aussie Employment, US CPI

Aussie is at critical support ahead of key data prints out of Australia & the US. Here are the updated targets & invalidation levels that matter into the releases.

EUR/GBP Eyeing Support Targets Ahead of UK Jobless Claims

EUR/GBP remains vulnerable ahead after breaking below a key inflection zone last week. Here are the updated targets & invalidation levels that matter into the release.


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