Faraday Research

Waiting for Godot is a well-known play by Samuel Beckett where in short, nothing much happens and nothing is certain. This may sound boring but really, it’s anything but.The summer months in...

Falling in the awkward post-US, pre-Asian session, the Reserve Bank of New Zealand delivers its quarterly monetary policy statement Wednesday evening (21:00 GMT). While the release is functionally...

But with the trend favouring further upside, it could be too soon to write off another push higher just yet.Like all good neighbouring countries, there’s a friendly rivalry between Australia and...

It was a relatively quiet day Tuesday for many major currencies, with a dollop of weakness in the Canadian dollar and a touch of strength in the Australian dollar following Monday night’s RBA...

Heading into this year there was a convincing case for a dollar rally. After all, the world’s reserve currency had fallen sharply against most of its major rivals in 2017 as the luster of the...

With less than 24hrs until the RBNZ meeting, NZD remains pressured from trade concerns and soft domestic data. And with recent price action rejecting pivotal resistance, we're looking for an eventual...

There are no two ways about it: 2018 has been an absolutely brutal year for gold bulls.The yellow metal came into the year with some impressive momentum, rallying from around $1240 in mid-December to...

Despite constant trade war and traditional economic headlines, AUD/USD has been trapped in a tight consolidation range between 0.7300 and 0.7500 for nearly two full months now. This consolidation has...

As we noted yesterday ahead of today’s NFP release, “[There have been] no signs that a pickup in price pressures is imminent, [and therefore] the Federal Reserve is content to stick with...

In Tuesday’s JPY report we suggested a break above 111.54 assumes a run towards the 113.17/39 highs. With Tuesday’s break higher, we retain this bias.The range expansion candle on Tuesday...

Not too long ago, traders used to refer the Bureau of Labor Statistics’ monthly Non-Farm Payrolls report as “the jobs report,” but more recently, market participants have been...

Despite making a run for this year’s high, price action has left warning signs that it is getting tough at the top.Some charts are prettier than others, whilst others are too difficult to read....

As anyone who was paying a modicum of attention could easily tell you, the Federal Reserve was never going to make any changes to monetary policy at today’s meeting. Instead, traders were tuning...

Gold Daily Despite 5 spikes lower, gold has failed to close beneath $1220 over the past 3 weeks. This leaves gold vulnerable to a deeper retracement – use a break above $1235.20 to...

It’s become gospel that technology is the most important sector of the US stock market; after all, tech stocks have the largest weighting in the S&P 500 (~26%), and the sector outperformed...

USD/JPY Daily Prices have consolidated above 110.59 for the prior six sessions. Bullish pressure is building above 110.59 support, in line with the bullish trend. A break above 111.54 assumes a run...