Foreign Exchange

Since around mid-April the US dollar has moved broadly higher against its peers. One by one we’re seeing majors break or approach key levels, with AUD now having broken December’s low after invalidating it 2016 trendline last week. We can see on AUD’s weekly chart that the decline has stalled at the 50% Fibonacci retracement level between […]

The 1.20 area remains a key focus on EUR/CHF, as a break above it could pave the way for the next leg higher in line with dominant momentum. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

GBP/USD is testing key support after a disappointing GDP report – see what levels and economic reports we’ll be keeping an eye on in the week to come. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Daily analysis of USD/CHF for April 30, 2018 USD/CHF This pair went upwards last week (gaining 150 pips). Over 300 pips have gained in the last two weeks, and this is just the beginning, because the northwards journey would continue as a result of the stamina in USD. The resistance level at 0.9900 has been […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair experienced a strong bearish movement last week, dropping 230 pips, and nearly reaching the support line at 1.2050. However, price closed above the support line at 1.2100, and that might be a good opportunity to sell short at a better price, for […]

Most would agree that 2018 has not proven to be the best start to the year.  In fact, by some metrics it’s one of the worst. But as volatility has subsided on the S&P500 whilst it coils between key levels, we await the next volatility surge and wonder what this mean for global markets as […]

ECB Meeting by Numbers – Preview (26th April 2018). 3Ps: Patience, persistence and prudence – the key words in the normalisation process. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

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 […]