Faraday Research

Some say the idea that things happen in threes comes from Macbeth, a tragedy written by Shakespeare, “Thrice Mine and Thrice Thine…” Far be it for us to comment on the link between a 400 year old play of greed, ambition and lust for power and the three political events above. What is interesting are […]

EUR/USD Having threatened to break its ascending trendline last Monday, EUR/USD fought back to put in in its highest close in over two months. The higher close and new swing low may have repainted the ascending trendline and horizontal resistance zone but it does little to change EUR/USD’s core market structure.  This is a market […]

A 44% fall in quarterly earnings on a current cost basis versus the year prior should make anyone take note. Yesterday, Royal Dutch Shell reported just that and understandably it made headlines. Yes, if we exclude exceptional items then earnings were up 14% versus the same period last year, however, this is still well below […]

With President Trump seemingly shaking up the conventional strong dollar policy, the markets are trying to rationalise how this will work and who it will affect the most. It seems highly apparent that any country with a large current account surplus with the U.S may get hit by Mr Trump’s ire. Aside from those countries […]

With a plethora of central bank statements ahead of us this week there’s likely to be no shortage of price movement across the majors. The first FOMC statement of 2017 will no doubt take centre stage but rate decisions from the BoJ (Tuesday) and BoE (Thursday) are sure to add their fair share of volatility. […]

Base metal miners are on a roll, and with BHP Billiton reporting overnight on Tuesday, Antofagasta yesterday and Anglo American today let’s review the sector to see if this rally has legs! Before I go on let’s set the scene. Firstly, 2016 was a great year for the peer group with base metal miners benefitting […]

As the dust settles from Trump’s divisive inauguration speech let’s take a look at how the majors are shaping up. EUR/USD EUR/USD’s recovery is likely to be tested this week… Prices have been rotating higher since the turn of the year, forming a bullish support line. However, the market is now heading up into a […]

This weekend’s OPEC committee meeting is a key date for the diary and with prices poised for another leg higher let’s take a look at how we see the oil market as it stands. Back in December we reported on Brent’s burst into the $52.5 – $54.3 resistance zone and soon after prices broke and […]

Risk events keep on coming this year but we can always rely on the new American President-Elect (A.P.E) to stoke the fires. This week, notably in his inauguration week, Mr Trump turned his attention to FX markets and specifically the ‘overvaluation’ of the dollar. In his first major foray in to this area, Mr Trump […]

This week sees markets face the sobering reality of last year’s key political decisions. Theresa May talks ‘hard Brexit’ tomorrow and Donald Trump is sworn into the White House on Friday. When you throw a Mario Draghi statement and Chinese GDP into the mix it’s safe to say that we’re in for a bumpy ride! […]