Foreign Exchange

Markets were prepared for RBNZ to hold, but the volatile and decisively bearish reaction for NZD suggests traders weren’t positioned for the dovish undertone. We’ll take look at key takeaways, reaction and levels. Key takeaways: GDP and inflation forecasts were lowered RBNZ expect to keep rates at 1.75% for a “considerable time” The next move […]

To date, 2018 has been a particularly rough year for investors in US treasury bonds. After starting the year with a yield near below 2.5%, the benchmark 10-year bond has seen yields surge to a high of nearly 3.05%, corresponding to about a year-to-date drop of about 3% in IEF, the equivalent treasury bond ETF. […]

GBP crosses and their close-proximity to trendlines have been a common theme of late, with GBPJPY now stepping up to the plate for a showdown with a potentially pivotal level. Since around May 2017 GBPJPY has trended higher, although a quick look at the weekly chart raises the potential for this to be a corrective move against a dominant, […]

Oil is back in the spotlight after breaking above $70 a barrel and reaching a 3.5 year high. But with geopolitical risks lurking in the background, can it stay there? The weekly chart has continued to defy the doomsayers by appreciating over 170% since the 2016 lows. Trading within a bullish channel and having now recovered over […]

After selling off from the highs, GBPAUD has paused above a key zone of support which could prove pivotal. And if we’re to close lower this month the cross will have a 3-month bearish reversal to content with. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try […]

Daily analysis of USD/CHF for May 7, 2018 USD/CHF This pair has normally been going upwards as EURUSD is going downwards. Price has gained over 800 pips since February 16 (it gained 130 pips last week). The great psychological level at 1.000 has eventually been reached and a lot of activity has started around that […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD went downwards by 170 pips last week. It has gone downwards by 430 pips since April 19. There is a Bearish Confirmation Pattern in the market and it is supposed to continue going lower and lower, reaching the support lines at 1.1900, 1.1850 […]

Overall, gold has been grinding higher since the 1046.33 low but since breaking back above $1300 in December, the shiny yellow metal has remainedrangebound between 1300-1365. This year we have seen three failed breakouts which appeared in the form of spikes either side of the range. And if this week closes with a bullish hammer back within range, it […]

EUR/USD maintains its bearish bias in the near-term after breaking out of a long-term consolidation zone. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Despite a great start to the year and hitting a near 2.5yr high, subsequent price action has left a trail of clues that a top may already be in place. It was the 1st of February that EUR/JPY broke to a new high in line with dominant momentum. But the celebrations were short-lived as bearish rangeexpansion bought it […]