Faraday Research

Bullish developments abound for USD/CAD, explaining why the pair is the day’s strongest major cross. There are at least nine major developments supporting the surge:Friday’s Q4 GDP release...

Wednesday;s economic calendar was light on traditional economic data, but heavy on high-stakes testimonies with President Trump’s former attorney Michael Cohen, US Trade Representative Robert...

Two weeks ago, we highlighted 3 reasons USD/JPY was hitting its highest levels of the year, including positive U.S.-China trade talk and a continuation after a big technical breakout. Those two...

After two weeks of constructive trade talks on both sides of the Pacific, we suggested that traders were “expecting the increase in tariffs will be delayed…with some sort of agreement...

Despite a powerful winter storm forcing the Federal Reserve’s Washington DC offices to close, the central bank was still able to release the minutes from its late January meeting.The release...

US and Chinese trade negotiators kicked off another round of talks today after President Trump labeled last week’s discussions in Beijing “very productive.” Today and tomorrow...

With both the U.S and Canada out on a bank holiday, we saw a relatively quiet session yesterday in the FX market. As the chart below shows, the dollar index is falling for its third consecutive day...

In the middle of the week, the RBNZ opted to leave its primary interest rate unchanged at 1.75%, where the central bank expects it to remain for a “considerable period.” Governor Orr and...

If you had checked USD/CHF’s exchange rate at Friday’s close and a mere 30 minutes after Monday’s open, you wouldn’t think anything was amiss…at least if you...

FX trade is well underway for the week and so far, last week’s theme of US dollar strength has carried over into Monday’s trade. The most interesting development among the major currencies...

Mirroring last week’s shift at the Federal Reserve, the RBA has now shifted its future interest-rate expectations into neutral.Governor Lowe has long maintained that the next change to interest...

After turning in the strongest performance among the major currencies Monday, the US dollar is once again near the top of the relative strength charts on Tuesday.Tuesday's fundamental data showed a...

With most Asian markets on holiday for the Lunar New Year celebration, Aussie traders on the sideline ahead of Monday night’s monetary policy decision and many US traders out of the office for...

In a different environment, the Nonfarm Payrolls report would have led to fireworks, rather than the “wet blanket” market reaction that we’ve seen so far.As my colleague Fawad...

With seemingly every member of the Federal Reserve emphasizing that the central bank would be “patient” following its December interest-rate hike, it came as no surprise that the Fed left...

For once, the weekend brought little in the way market-moving economic developments, and with Australian traders out on holiday, the FX market has seen a quiet start to the week.However, this...