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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Weekly Trading Forecast: NFPs, ECB and Aussie GDP to Combat Expected Slow Start

The week ahead is expected to launch with a slow start with US and UK holiday’s curbing speculative ambitions. However, a long list of critical event risk will likely break that spell quickly.

Gold Prices in Free Fall- Shorts at Risk into NFP

Gold prices fell for a fourth consecutive week with the precious metal plummeting more than 2.8% to trade at 1215 ahead of the New York close on Friday.

USD/JPY Coiling Ahead of U.S. GDP- Breakout Levels to Watch

The recent consolidation in price is eyeing a potential breakout heading into key U.S. event risk tomorrow. Here are the updated targets & invalidation levels that matter.

EUR/GBP Breakdown Eyes Critical Support at 7520

EURGBP is responding to near-term support with more significant targets seen just lower. Here are the updated targets & invalidation levels that matter.

Near-term Setups in GBPUSD, GBPJPY & USDOLLAR

Trading highlighted intraday setups in GBPUSD, GBPJPY & USDOLLAR. Here are the updated targets and invalidation levels that matter.

GBP/JPY Rally Approaching Initial Resistance Hurdle at 162

GBP/JPY is eyeing make-or-break resistance targets just higher after clearing the weekly opening range. Here are the updated targets & invalidation levels that matter.

GBP/USD Into Support- Shorts at Risk Above 1.44

Cable is approaching a key support confluence ahead of tomorrow’s BoE testimony before parliament. Here are the updated targets & invalidation levels that matter.

Webinar: USD Crosses in Focus as Index Eyes Resistance

Setups we’re tracking as the USDOLLAR attempts a fourth consecutive week of gains. Here are the updated targets & invalidation levels that matter.

Weekly Trading Forecast: Dollar Tops Performer List Once Again, Will BoJ Act after G7?

The Dollar has advanced for 3 straight weeks as the freeze from rate skeptics finally thawed. Can the BoJ also regain influence or does it need to take it by force?

Gold Decline Intensifies as Fed Hints of Rate Hikes Ahead

Gold prices are down for a third consecutive week with the precious metal off 1.69% to trade at 1251 ahead of the New York close on Friday.

USDCAD Advance to Face Canadian CPI, Retail Sales- Key Support 1.2980

The breakout potential discussed earlier this week has materialized with key Canadian event risk in focus. Here are the updated targets & invalidation levels that matter.

USDOLLAR into Resistance- Rally at Risk Sub 11989

The index is at structural resistance with the long-bias vulnerable heading into the close of the week. Here are the updated targets & invalidation levels that matter.

AUD/JPY Targets Support Ahead of Australian Employment Report

The pair is in consolidation just above the 2016 low-day close at 78.82. Here are the updated targets & invalidation levels that matter heading into the release.

GBP/JPY Rally Eyeing Near-term Resistance Targets

The immediate long-bias is at risk ahead of UK retail sales, but the focus remains higher in the pair. Here are the updated targets & invalidation levels that matter.

Near-term Setups in GBPUSD, USDCAD & EURUSD

Trading highlighted intraday setups in GBPUSD, USDCAD & EURUSD. Here are the updated targets and invalidation levels that matter.

GBP/USD: UK Employment Game Plan- Constructive Above 1.44

Sterling reversed off slope support, shifting our focus to the topside ahead of tomorrow’s event risk. Here are the updated targets & invalidation levels that matter.

USD/CAD Make or Break Levels- Constructive Above 1.2778

USDCAD is attempting to breach above 2016 slope resistance with the long bias vulnerable sub-1.2985. Here are the updated targets & invalidation levels that matter.

Weekly Trading Forecast: Will FX Policy and Global Risk Come Up at G-7

The Dollar has mounted a recover and risk trends have lost traction this past week. Will these themes carry through to the week ahead, and what will the G-7 meeting elicit from speculators?

Gold Bulls Look to CPI, Fed Minutes for Solace

Gold prices are lower for a second consecutive week with the previous metal off 1.26% to trade at 1272 ahead of the New York close on Friday.

EUR/USD at Support Ahead of US Retail Sales- Resistance into 1.15

The weekly opening range highlights the 1.1356-1.1443 zone heading into tomorrow’s event risk. Here are the updated targets & invalidation levels that matter.


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