Foreign Exchange

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair is bearish in the short-term, for price went southwards throughout last week, moving downwards from the resistance line at 1.2450, and nearly touching the support line at 1.2200. The support line would be breached to the downside, as other support lines at […]

With BoE’s ‘Super Thursday’ and Brexit talks looming large at the end of the week, we discuss the long-term and near-term price action in GBP/USD. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

AUDNZD has closed beneath a key level ahead of support ahead of tomorrow’s RBNZ meeting, suggesting a larger topping pattern could be in play. Matt Simpson takes a technical look. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

The RBA hold their first monetary policy meeting of 2018 tomorrow and, whilst no policy change is expected, traders are particularly interested in the RBA’s response to the weak Q4 CPI print. There had been hopes that CPI would nudge its way back within RBA’s 2-3% target band, yet as both broad CPI and trimmed […]

The USD/JPY is bearish in the long-term, but bullish in the short-term. Since the demand level at 108.50 was tested last week, price has rallied by 180 pips, closing above the demand level at 110.00 on Friday. The outlook on JPY pairs is bullish for this week, and thus, the USD/JPY is expected to rally […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair did nothing significant last week: It only moved sideways. However, the bullish bias on the market has been maintained because bulls have been able to their own weight, and when a breakout occurs, it would take price above the resistance lines at […]

Despite a hawkish FED meeting, the dollar’s reaction was muted and the trend remains firmly bearish. Focus now shifts to tomorrow’s Nonfarm Payroll report whilst USDJPY, a favourite for NFP traders, coils near the lows. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Next Monday, February 5th will see Jay Powell take over at the Federal Reserve, becoming the 16th chair of the Board of Governors. This of course means that the incumbent chair, Janet Yellen will oversee her final meeting today. Powell is expected to be a moderate leader with a similarly cautious approach like his predecessor. He is seen as a ‘consensus builder’ and was […]

Conservative discontent with Theresa May’s ability as a leader was once-again weighing on the pound yesterday. The pound is firmly in negative territory so far this morning. The GBP/EUR exchange rate has fallen -0.3% to €1.1332, while GBP/USD is down -0.6% to US$1.3991. GBP/AUD is stuck at opening levels of AU$1.7378, as is GBP/NZD at […]

Australian CPI is a core focus for traders and the RBA tomorrow. As we mentioned yesterday, it could become a volatile event if we land either side of the forecast figure. And implied volatility (as the name suggests) seems to think it could become one. Capital flows from the US have kept the US dollar under […]