Foreign Exchange

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 […]

Last week was a rough one for the FTSE 100 with index down over 65 points. Moreover, it would have been a lot worse had it not been for Friday’s fightback which saw the FTSE 100 rally just shy of 50 points. Interestingly, we believe Friday’s price action could in fact be a sign of […]

Australia’s CPI will be the core focus for AUD traders on Wednesday. If inflation remains below 2% as expected, it will mark two years since it dropped below RBA’s 2-3% band. Clearly this is not an enviable milestone for the RBA, but we’d expect quite a bullish follow-through if inflation was to sneak back within the […]

Since January 11, the Cable went upwards by 800 pips, reaching a high of 1.4345. Thursday and Friday saw a pullback in the market, and while price may go upwards again to test the distribution territories at 1.4300 and 1.4350, there would soon be a serious pullback, which may signal a start of a bearish […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This week, EURUSD assumed one of its strongest movements in recent times. Since December 18, 2017, price has gained 800 pips. It gained almost 600 pips in January 2108, and over 300 pips last week, almost reaching the resistance line at 1.2550 (and pulling […]

“Trading is one of the oldest concepts on the planet and that’s an advantage to your new business. You don’t have to reinvent the wheel. What you have to do now is create a written set of instructions to your brain. Instructions that will turn your concepts into cash. Think of your business plan as […]

With the dollar in freefall, Jamie Dutta discusses the move with EUR strength likely to be addressed by Mario Draghi tomorrow at the ECB meeting. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

The US Dollar Index sank to new lows today in Asia, finally breaking out of a tight range we highlighted last week. The straw that broke the camel’s back will always be up for debate, but it’s fair to say more than a few forces have worked against the Greenback this week. IMF’s upgrade for global growth is a […]