Faraday Research

Background After Fed Chairman Powell left traders flummoxed on Fed policy earlier this week, this month’s Nonfarm Payrolls report has taken on extra importance. In a rambling press conference...

While it’s at no risk of losing its title as the world’s most widely traded currency pair, even the most diehard EUR/USD traders are getting fed up with the pair’s lack of...

The greenback is near the bottom of the relative strength charts for the third day in a row as traders rush to (re)price in the potential for multiple interest rate cuts from the Federal Reserve this...

Jerome Powell is in the midst of his semi-annual “Humphrey-Hawkins” testimony to the House Financial Services Committee and so far, the Fed Chairman has struck a dovish note, despite last...

It’s the final trading day of the month, quarter and first half of the year, so we wanted to reset the performance of the major FX pairs so far in 2019. As the below relative performance chart...

Oh, what a difference six months makes!Back in mid-December, the Federal Reserve raised interest rates for the ninth time this cycle and hinted that policymakers were looking at a couple more hikes...

When it comes to Federal Reserve policy, the big sticking point has been inflation, which has remained stubbornly subdued despite low unemployment and decent economic growth. Accordingly,...

The US dollar is in rally mode at the start of the US session, boosted by this weekend’s news that President Trump was “indefinitely suspending” tariffs on Mexico after an...

It would be possible to make another easing move at some point, which would re-center inflation expectations at 2 percent…That might be a great thing to do while the economy is running well....

In the past 24 hours, we’ve touched on potentially bullish setups in EUR/USD and AUD/USD, mirroring the potential topping pattern we’re seeing in the US dollar index itself. Continuing...

The recent price action in the U.S. dollar has been interesting to say the least.Since the start of 2018, the greenback has benefitted from a relative yield advantage over its G10 rivals, as well as...

It was another quiet day for North American economic data, leaving geopolitical developments as the market’s primary focus. And with little new on the U.S.-China trade-war front, traders focused...

It hasn’t quite garnered the hype we saw in the halcyon days of Q4 2017, but bitcoin is once again surging. The world’s oldest cryptoasset has gained more than 150% since early February in...

Oil prices have generally tracked risk appetite so far this week, dropping sharply on Monday before recovering over the last three days. Wednesday’s rally was supercharged by escalating...

In the last 30 hours alone, we’ve discussed the outlooks in EUR/USD, GBP/USD, and AUD/USD, but we haven’t reset the bigger-picture outlook for the world’s reserve currency.The U.S....

Risk appetite is stabilizing, with most major currencies consolidating in tight ranges against one another (though the pound is showing a touch of relative weakness as my colleague Fawad Razaqzada...