Faraday Research

On Monday, we flipped the calendar into a new week, month and quarter and beyond the weather getting cooler (at least for Northern Hemisphere readers!), that means that we’re on the verge of...

An increasingly bullish structure and break to a 4-year high puts $80 oil within easy reach. Yet the cluster of resistance around this level and the fact that large speculators appear less eager to...

We try to avoid writing about the same currency pair two trading days in a row, but occasionally big new developments make it impossible to avoid.That’s definitely the case when it comes to...

You'd think someone had lit a match underneath the Canadian dollar following its explosive moves from Friday's GDP. So, following today’s news of a renewed NAFTA deal we take a look at the daily...

With FX traders once again focused on US political developments (to say nothing of the kickoff of the biennial Ryder Cup), the loonie has quietly snuck to the top of the major currency...

Fed-fever swept through currency markets yesterday to not only push the US dollar index (DXY) up to a three-week high, but also suggest a cycle low could be in place. We can see on the daily chart...

As my colleague Fawad Razaqzada noted, the US dollar caught a bid Wednesay after traders reevaluated Tuesday’s FOMC meeting and deemed it moderately hawkish. Though the central bank removed the...

EUR/USD broke out of a 4-day consolidation pattern earlier today. Whilst the direction was against bullish wishes, markets are now fully focused on the neckline of a 10-week reversal pattern.An...

As we noted in yesterday’s FOMC Preview report, another rate hike this month was a “done deal” for the Federal Reserve, and Powell and Company delivered the expected 25bps increase...

EUR/USD DailyAn inverted head and shoulders pattern projects a target near the March lows. Consolidating above the 1.1710/33 highs, a viable zone of support above the neckline. The bearing engulfing...

It’s a testament to the success of the Federal Reserve’s post-crisis “Communication-as-a-Policy-Tool” philosophy that investors have “known” the outcome of this...

AUD’s 2018 bearish channel continues to hold and is likely to tempt bears with a test of its upper trendline. Yet, with bullish technicals appearing on the weekly chart whilst major commodity FX...

Geopolitical risk has been a dominant theme of 2018, with escalating trade tensions, Australia’s Prime Minister getting ousted, traders questioning the independence of Turkey’s...

Political news has dominated Mondday’s headlines on both sides of the Atlantic.In the UK, Brexit Secretary Raab reiterated that he was confident that a trade deal with the European Union will...

Brexit shenanigans drove Sterling broadly lower on Friday. We see the potential for these declines to extend further, particularly against the Swiss franc.Among GBP pairs it was GBP/CHF which fell the...

With the clear pick-up for risk appetite, we take a look at the S&P500, FTSE100 and Nikkei 225 daily charts.S&P 500 Daily Closing at a fresh record high, the bullish trend remains strong with...