Foreign Exchange

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish, and price went further downwards until it reached the support line at 1.1350. Further drop was rejected around the support level and a rally effort ensued. However, the rally effort was not serious enough to threaten the recent bearish outlook […]

Risk appetite has certainly deteriorated over the past week as Turkey clashes with President Trump and battles with the financial markets. It seems we are all emerging markets traders now as CNY and ZAR also get hit and trade near significant resistance levels, where the issues potentially become a wider test of global risk sentiment. Of […]

The bearish trend on GBP/CHF goes from strength to strength but, with multiple signs of over-extension and 8 sessions without a daily close higher, the risk of a bounce is increasing. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

EUR/USD has broken down to fresh yearly lows amidst concerns about exposure to Turkey – will bears look to target 1.12 next? Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish After consolidating in the months of June and July, 2018, the market has resumed its bearish journey, which it started in April 2018. Last week, price dropped roughly 200 pips, and it has dropped more than 1000 pips since April. This is a bear […]

Waiting for Godot is a well-known play by Samuel Beckett where in short, nothing much happens and nothing is certain. This may sound boring but really, it’s anything but boring. The summer months in markets remind us of this at times. They are historically well-known for being some of the quietest months in the markets and with volumes razor-thin. Indeed, […]

Higher inflation expectations helped cap AUD/NZD’s rally ahead of tonight’s RBNZ meeting. But with the trend favouring further upside, it could be too soon to write off another push higher just yet. Like all good neighbouring countries, there’s a friendly rivalry between Australia and New Zealand. Whether it’s over sport, culture or (specifically with these […]

With less than 24hrs until the RBNZ meeting, NZD remains pressured from trade concerns and soft domestic data. And with recent price action rejecting pivotal resistance, we’re looking for an eventual break to new lows for the year. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try […]

Forex trading is a great way of earning nice money for a living. Well, if you know what you’re doing that is. Just like betting, forex trading can be highly profitable if you learn all the basics and use the right strategies. However, don’t expect forex trading strategies to be like online slots strategies – […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish As the beginning of last week, the pair saw a considerable increase throughout its first and second days of trading. Price later dropped below the resistance line at 1.1600, closing below it (and that signified a drop of more than 170 pips from last […]