Faraday Research

The threat of inflation and Fed hikes has pushed US yields higher and, for now at least, we’ve seen the return of the positive correlation with the US dollar. In doing so USDCHF has broken out from between a rock and a hard place, EURUSD and AUDUSD broke their long-term bullish trendlines and, not wanting to miss out NZDUSD threw itself from the top of […]

Plummeting by just under 4% in under seven sessions (as of yesterdays close), the Kiwi dollar is falling like the flightless bird it is named after. It’s the renewed confidence in the Fed’s trajectory which knocked NZD cleanly from its perch. Or to be more precise, the 0.7176-0.7435 range it had spent the best part […]

Don’t look now, but the US dollar seems to be officially getting its mojo back! In terms of fundamental factors supporting the greenback, the new-look Federal Reserve’s struck a more upbeat note about the economy lately, mirroring the improvement in the underlying data. Crucially, US treasury yields are also on the rise again, with the […]

With a prominent close below the 2016 trendline yesterday, we weigh up the technical picture for a potential run towards 0.7500. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

EUR/CHF sheepishly ‘broke’ above 1.20 today for the first time since Jan 2015. A level which likely still haunts many trading floors, we ponder whether it will prove to be a breakout, shakeout or the pre-lude for a correction. When SNB unpegged the Swiss franc, it caused outright havoc for trading floors the world over. […]

Since the February low, USD/CHF has been grinding higher in a rather unsatisfying way. Yet if we are to clear the next technical hurdle nearby, it could open-up the playing field for momentum traders to embrace. We can see on the daily chart that, whilst in a bullish trend, it has at times been a little […]

Jamie Dutta reviews GBP/USD’s response to a key level of resistance at 1.4344 and the impact of today’s UK inflation data. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

The Canadian dollar is the top performer this month ahead of today’s BOC meeting. And although no hike is expected today, CAD could either extend gains or find itself victim to profit-taking depending on their policy statement or monetary policy report (MPR). Technically we want to pursue CAD long positions, but fundamentally we’re a little […]

Since breaking above the 1.80 area, a shallow retracement has held above a 38.2% Fibonacci level. And with momentum turning higher once more, we’re keeping an eye on a break above 1.8506. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

In a previous post, we highlighted the tendency for USD/CAD to trade lower throughout April using a 10 year seasonal chart. Just over half way through the month and already 2.2% lower, it appears on track to maintain this pattern. Also helping its cause is the fact that, as of last Tuesday at least, markets were net […]