Faraday Research

Helped by a weaker greenback and record levels of gross-long euro exposure, EUR/JPY broke to a 26-month high by the close of 2017. Yet whilst the potential for a crowded euro trade may surface this...

Now AUD/USD has firmly rejected 75c in the final weeks of 2018, it brings into question whether it will try to repeat the stellar performance it enjoyed from the offset in 2016 and 2017. Original...

There are no two ways about it: 2017 has been a brutal year for US dollar bulls.As of writing, the world's reserve currency has fallen against every one of its major rivals on the year, losing a...

Since the September high, gold has ‘only’ managed to shed 7.6% in value (if we look past the 9.1% it achieved by Tuesday’s low at the $1236.32). It was thanks to Wednesday’s...

Ahead of the BoE and ECB, Jamie Dutta discusses EUR/GBP with structural levels crucial for future longer-term direction. Original post

The bearish trend from the July high to the November low has had a reversal of fortunes. The USD was sent broadly lower after the Fed hiked rates, not only due to it being fully expected (therefore...

USDCAD has broadly tracked sideways for two months, but recent price action suggest demand is building so we weigh up the potential for a bullish breakout. Original post

There’s plenty of event risk for traders to consider this week, although volatility has largely remained contained as we wait for the big events to hit our screens. The highlight is arguably...

The Australian dollar has not had the best week, despite markets originally perceiving RBA’s monetary policy meeting as slightly hawkish. GDP was softer than expected, primarily weighed down by...

In the last week or so, sterling traders have been suffering through news overload with headlines aplenty on Brexit and UK politics. Euphoria on Monday sent cable near to this year’s highs as...

Broad AUD strength surrounding today’s RBA meeting helped to push AUD/JPY to a 3-week high. With a clear momentum shift having taken place from the lows, we’re keeping a close eye on any...

Both RBA and BOC hold their monetary policy meetings this week, which has put AUD/CAD into focus as it teases the Jan 2017 lows. CAD crosses exploded on Friday after Canadian GDP and employment data...

Jamie Dutta takes a look at sterling, the stellar FX performer of the week due to the Brexit-talk breakthrough and cable’s subsequent breakout.

New Zealand’s business confidence moved sharply lower in November, with new government policies and softer house prices largely at blame according to ANZ’s business outlook. With business...

Earlier this month, we warned about the widely-watched inverse head-and-shoulders pattern in the US dollar index, noting that: "One paradoxical reason for caution toward the greenback is that the...

Broad NZD strength leads us towards RBNZ’s financial stability report, but will momentum be maintained beyond it? Matt Simpson takes a technical look at the longer-term trend alongside potential...