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  • #Silver is strengthening today, currently nearing the 28.00 level. The 28.00 level was a point of resistance both last week and earlier in the year, only broken above during the run up to 30.00 at the beginning of the month. $XAG $SLV https://t.co/vGcP3zNoJJ
  • Canadian #Dollar Outlook: $USDCAD Threatens Major Breakdown- #Loonie Levels - https://t.co/5wdmIVhD1y https://t.co/oAedFplbCL
  • https://t.co/zItIdTbDgR
  • Fed's Kaplan: - Digital cryptocurrencies are "here to stay" - Not surprised by the interest in cryptos given aggressive monetary policy #Fed $USD $BTC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.36%, while traders in Wall Street are at opposite extremes with 71.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/34IVqXz6k9
  • another fresh high in lumber futes, crossed 1k marker today. Up over 300% from the 2020 lows difficult to imagine that items like this don't or won't filter into inflation. And if Fed isn't hiking until Dec 2024 - well, that's a lot of time https://t.co/gfbQZtXylk https://t.co/yxvwafmINe
  • While the SPX is down, the Nasdaq 100 is outpacing the dive significantly. Below is the ratio of $NDX to $SPX overlaid with the Nasdaq 100 itself in purple https://t.co/JIO6GMbcGy
  • The S&P 500 has put in for one of the four biggest bearish gaps on the open (red below) in four months. A technical threat with recent congestion - which looks like an H&S - but follow through never guaranteed https://t.co/y8GZZ4uRn4
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 3.25% Silver: 2.43% Gold: 1.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/PPyfCUw8rt
  • Fed's Kaplan: - The US can finance debt as long as the Dollar is the world reserve currency. #Fed $USD
Scalping with Michael Boutros 5/31

Scalping with Michael Boutros 5/31

Michael Boutros, Strategist

Join Michael on Tuesday morning for a Live Scalping Webinar at 1400GMT (10ET)

For more information on his strategy, refer to Michael’s Introduction to Scalping for Beginners Webinar

To contact Michael email mboutros@dailyfx.com or follow him on Twitter @MBForex

To be added to Michael’s distribution list, send an email with the subject line “Distribution List”

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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