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.

RECENT TWEET



RECENT ARTICLE


AUD/JPY Reversal Targeting Initial Support Hurdle

The pair failed at technical resistance last week with the sell-off now eyeing key structural support. Here are the updated targets & invalidation levels that matter.

Webinar: Markets on Edge as Trump Assumes Office- USD Under Review

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

Weekly Trading Forecast: All Eyes on Murky US Fiscal Policy

Donald Trump has ascended to the US presidency but investors are no more certain about on-coming fiscal policy, leaving markets vulnerable to headline-driven kneejerk volatility.

Gold Off Key Resistance- Trump, US GDP to Determine Depth of Correction

Gold prices marched higher for a fourth consecutive week with the precious metal up 0.86% to trade at 1207 ahead of the New York close on Friday

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

USD/CAD Rebound Susceptible to Jump in Canada CPI

The rally is now eyeing initial resistance targets ahead of tomorrow's inflation print. Here are the updated targets & invalidation levels that matter into the release.

EUR/USD Rally Eyes Near-term Resistance Ahead of ECB

The euro advance is eyeing a key resistance confluence ahead of tomorrow's ECB interest rate decision. Here are the updated targets & invalidation levels that matter into the release.

Gold Rebound Takes Out 1Q Targets- 1220 Barrier Critical

The rally is approaching key structural resistance with the long-bias at risk while below this threshold. Here are the updated targets & invalidation levels that matter.

GBP/USD Eyes Last Line of Defense Ahead of UK Jobs, US CPI

A key reversal off slope support today puts cable back at resistance heading into major data tomorrow. Here are the updated targets & invalidation levels that matter.

Weekly Trading Forecast: Trump Inauguration Takes Center Stage

Financial markets face the return of high-profile event risk in the week ahead but US policy uncertainty may keep all eyes on the nearing Trump inauguration.

Gold Weakness to be Viewed as Opportunity- US CPI on Tap

Gold prices are higher for a third consecutive week with the precious metal up 1.8% to trade at 1194 ahead of the New York close on Friday.

USD/CAD at Risk for Further Losses Sub-1.33

An outside day reversal yesterday followed through with today's decline responding to near-term slope support. Here are the updated targets & invalidation levels that matter.

USD/JPY Flirts with Support- Bearish Sub 117

USDJPY reversed sharply ahead of the weekly / monthly open today keeping the near-term focus lower. Here are the updated targets & invalidation levels that matter.

EUR/GBP at Risk for a Larger Pullback- Bearish Invalidation 8822

EURGBP responded to confluence resistance today and remains at risk for a larger correction. Here are the updated targets & invalidation levels that matter.

USD/CNH: Is a New Trend Setting In?

The offshore Yuan has been on a roller-coaster ride of recent. Here are the fundamental and technical updates that you want to know.

Webinar: Key Technical Levels for First Full Week of 2017 Trade

Webinar highlighting featured setups we're tracking into the start of 2017 trade. Here are the updated targets & invalidation levels that matter.

Weekly Trading Forecast: Is the "Trump Trade" Back in Play?

Financial markets spent most of last week unwinding "Trump trade" bets but December's US jobs data seemed to rekindle the late-2016 narrative. Will it continue in the week ahead?

Gold Recovery Faces First Hurdle Ahead of Fed Speak; Retail Sales

Gold prices continued to march higher for a second consecutive week with the precious metal rallying more than 3% to trade at 1176 ahead of the New York close on Friday.

GBP/CAD Testing Key Support Ahead of Canada Employment

GBP/CAD responded to confluence support this week with key resistance eyed at 1.6580. Here are the updated targets & invalidation levels that matter into the release.

AUD/USD NFP Game Plan- Constructive Above of 7280

The rebound off the December lows has cleared near-term technical resistance ahead of key US data tomorrow. Here are the updated targets & invalidation levels that matter.


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