Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Strategy Webinar: Monthly Close Setups– Commodities, FX Majors in Focus as USD Struggles

Strategy Webinar: Monthly Close Setups– Commodities, FX Majors in Focus as USD Struggles

Michael Boutros,

Talking Points

  • Review of current / active setups in heading into the monthly close
  • Updated targets & invalidation levels
  • Join Michael for Live Weekly Trading Webinars on Mondays at 12:30GMT

Weaker than expected US Durable goods orders early in the week have fueled some dollar weakness early in the session taking the DXY into near-term support around 97.10. Key support / bullish invalidation remains steady at 96.91/96.

Kiwi remains on the radar for possible exhaustion with the EUR & CAD our favored plays on a weaker dollar. Keep in mind we have key US inflation data on tap into the close of the week / month and it’s a good time to be extra nimble / reduce leverage.

See our 2Q projections on the majors in the DailyFX Trading Forecasts.

In this webinar we discussed examples of basic median-line analysis and review both current and pending setups & updated technical levels on DXY, EURUSD, NZDUSD, USDCAD, AUDJPY, EURNZD, USDZAR, Gold, Crude Oil, NATGAS, Silver, S&P, CADJPY.

What do shifts in retail positioning hint about the broader trend? Learn how Sentiment can help your trading in this free guide !


Key Data Releases

Other Setups in Play:

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at or Click Here to be added to his email distribution list.

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