Faraday Research

It goes without saying that NZD/USD has been under heavy selling pressure overall this year. Yet, one by one clues are surfacing that this trend is under threat.The bearish channel from the June high...

Sterling bulls were dealt a big Halloween treat around Wednesday’s European close, when UK Brexit Secretary Dominic Raab noted that he expects an agreement on Brexit to be finalized on November...

Yesterday, we highlighted the upcoming BoJ meeting and its possible impact on GBP/JPY, but NZD/JPY is also at an interesting technical juncture.The pair has been in a prolonged downtrend since peaking...

As of yesterdays close, the S&P 500 has shed -9.36% for the month of October. This puts it on track for its tenth most bearish month using data since 1960. Of course, with two trading days left in...

Kicking off the busy turn-of-the-month week for economic data, the Bank of Japan will conclude its monetary policy meeting early in Wednesday’s Asian session.In part because the central bank...

The USD begins the week on the back foot following Friday's reversals. So for today's overview we look at the daily charts for EUR/USD, USD/JPY and AUD/USD.EUR/USD Daily Friday’s bullish...

Friday's US session started in much the same way as some of the previous days this week: with US stock indices opening deeply in the red. After a bounce-back on Thursday, risk sentiment was hurt by...

If the trend is your friend, it’s harder to find a better example than the bearish channel on AUD/USD.With no fewer than 1130 pips shed this year (around 14%), the trend structure remains...

As my colleague Fawad Razaqzada noted Thursday morning, there was little reason for the European Central Bank to provide a boost to the euro as the odds favored a slightly more dovish tone – and...

A few EUR crosses are sitting near key levels ahead of today's ECB meeting. So, today we glance at EUR/USD, EUR/GBP and EUR/CHF to highlight potential opportunities.EUR/USD DailyConsolidating below...

Markets lie in wait ahead of today's BOC meeting, so we take a look at USD/CAD, GBP/CAD and AUD/CAD to mark key levels for the aftermath.USD/CAD DailyConsolidating between the September high and the...

It was another rough day for global stock investors, so it’s not surprising that the safe-haven Japanese yen is once again at the top of the FX relative performance charts. What is interesting...

The inverse correlation between USD/CAD and WTI remains strong. So, with both markets pausing near pivotal levels we're keeping a close eye on them, as they could be close to a breakout or reversal...

The week has gotten off to a slow start in terms of impactful economic data and the dearth of scheduled releases will carry over through tomorrow’s trade as well. That said, the latter half of...

Gold bears closed out of gold by a record amount last week. We’re now watching closely for a follow-through on price.At the beginning of this month we’d highlighted extreme short...

EUR/USD has essentially traded within a 500-pip range since July, with false promises of a break either side. But, if we take a closer look at what price is telling us, there’s an argument for a...