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: Yen Intervention, ECB Desperation and Fed Timing

While pressure builds on the technical front, the fundamental threat list continues to grow. Unusual monetary policy currents will compete with risk appetite in the week ahead.

Gold Swings Down to Set Higher Low – Key Support 1211

Gold prices pulled back to mark the first weekly loss in three with the precious metal off 0.79% to trade at 1230 ahead of the New York close on Friday.

CAD/JPY Bearish Below March High; Break Sub-84.57 to Fuel Losses

The CADJPY rebound is nearing key resistance thresholds with the immediate long-bias at risk. Here are the updated targets & invalidation levels that matter.

USDOLLAR Rebound at Risk Ahead of CPI- 11905 Resistance

The index is eyeing near-term resistance head of tomorrow’s key U.S. inflation report. Here are the updated targets & invalidation levels.

AUD/JPY Rebound Eyes Key Near-term Resistance- Bearish Sub-84.72

The AUDJPY rebound off key support last week is nearing resistance with the immediate long-bias at risk. Here are the updated targets & invalidation levels that matter.

Near-term Setups in EURAUD, GBPUSD, AUDJPY & CADJPY

Trading highlighted intraday setups in EURAUD, GBPUSD, AUDJPY & CADJPY. Here are the updated targets and invalidation levels that matter.

EUR/AUD Reversal Testing Initial Support - Bearish Sub-1.5075

EURAUD scalp focus remains lower after reversing off confluence resistance last week. Here are the updated targets & invalidation levels that matter.

GBP/USD Scalp Targets Ahead of UK CPI- Bullish Invalidation 1.4175

GBPUSD has broken above near-term structural resistance with the rally at risk ahead of tomorrow’s UK CPI print. Here are the updated targets & invalidation levels.

Webinar: USD in Free Fall- Key Crosses in Focus this Week

Setups we’re tracking this week as the greenback falls to fresh 2016 lows. Here are the updated targets & invalidation levels that matter.

Chinese, Global Growth Forecasts Top Fundamental FX Drivers This Week

The economic docket will fill out with critical event risk ahead. At the top of the list will be 1Q Chinese GDP along with the IMF's forecasts for growth and financial stability for the world's most ...

Gold to Remain Supported on Dovish Fed- Bullish Invalidation 1193

Gold price rallied for a second consecutive week with the precious metal advancing 1.26% to trade at 1237 ahead of the New York close on Friday.

USD/CAD Scalp Targets Ahead of Jobs- Key Support 1.2965

USDCAD is at interim resistance ahead of tomorrow’s labor report– outlook remains constructive above 1.2965. Here are the updated targets & invalidation levels.

GBP/USD 1.4175 is Near-Term Bull/Bear Dividing Line

The immediate sterling short-bias is at risk as the pair tests near-term structural support. Here are the updated targets & invalidation levels that matter.

AUD/JPY Game Plan: Sell the Bounce- Bearish Invalidation 84.82

The immediate AUDJPY short-bias is at risk after reversing off key the 200-day moving average last week. Here are the updated targets & invalidation levels that matter.

Near-term Setups in AUDUSD & CADJPY

Trading highlighted intraday setups in AUDUSD & CADJPY. Here are the updated targets & invalidation levels that matter.

CAD/JPY Reversal Approaching Initial Support - Bearish Sub-86.53

The immediate CADJPY short-bias is at risk after reversing off key resistance last week. Here are the updated targets & invalidation levels that matter.

AUD/USD Into Support Ahead of RBA Interest Rate Decision

AUD/USD is at near-term support heading into tonight’s interest rate decision. Here are the updated targets & invalidation levels that matter.

Webinar: Start of Month, Quarter Yields Fresh Scalp Opportunities

Setups we’re tracking into the open of the month / quarter. Here are the updated targets & invalidation levels that matter.

Weekly Trading Forecast: Dollar Slide and Euro, Equity Rallies Temper

Yellen cut the legs from under the Dollar, but the currency hasn't simply collapsed. Market conditions may be tempering fundamental drive heading into the new quarter.

Gold to Remain Supported on Dovish Fed- Bullish Invalidation 1193

Gold prices traded higher this week, with the precious metal advancing 0.58% to trade at 1256 ahead of the New York close on Friday.


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