Currency

RANDOM THOUGHTS FROM LIFE ON THE ROAD Louise Bedford and I have just wrapped up about a month of travelling to different states and presenting, which is something we haven’t done for probably 15 years. It was an interesting adventure and good to get out from behind the screen and talk to people. When I […]

Signs that the UK government was knuckling down and formulating its plans for Brexit helped push the pound higher yesterday. GBP/EUR is trading in the region of €1.1333, GBP/USD is fluctuating around US$1.3391, GBP/AUD is holding steady at AU$1.7416, GBP/NZD is on the cusp of NZ$1.9101, and GBP/CAD is in the region of C$1.7219. For […]

The UK was given the green light on Friday to move ahead to the next phase of Brexit negotiations, but the pound was on poor form. The pound starts the week on a mixed footing today, with Sterling’s performance so far more positive than negative. GBP/EUR is stuck around opening levels at €1.1333, while GBP/USD […]

The EUR/USD made some bullish effort last week, but further rally was rejected when the resistance line at 1.1850 was tested. Since then, price has gone down by 100 pips, now almost below the support line at 1.1750. Further bearish movement is expected this week as price goes towards another support line at 1.1700. EUR/USD: […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair is bearish in the short-term, and neutral in the long-term. Price has gradually come down since November 27, and it is now around the support line at 1.1750, and it may go lower to test other support lines at 1.1700 and 1.1650 […]

Ahead of the BoE and ECB, Jamie Dutta discusses EUR/GBP with structural levels crucial for future longer-term direction. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

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 priced in) but because traders had hoped for a more hawkish event. That, combined with the news of […]

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 tomorrow’s FOMC meeting, but we also have BOE and ECB meetings on Thursday along with all-important CPI reads for UK and US to […]

Throughout last week, the EUR/USD went downwards by 120 pips, thus leading to a Bearish Confirmation Pattern in the market. While the support lines at 1.1750 and 1.1700 could be tested, it is also expected that a rally will occur sometime this week, owing to a bearish run on the USD/CHF. EUR/USD: Throughout last week, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the short-term, for price went southwards throughout last week, moving briefly below the support line at 1.1750 and then closing above that support line on Friday. Other support lines at 1.1700 and 1.1650 could be tested this week, provided […]