Foreign Exchange

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 […]

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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 […]

The pound may have been slow out of the starting blocks yesterday, but it ended the day sharply on the rise as the approach of a key level for GBP/USD prompted markets to buy into Sterling. The pound is largely easing back after yesterday’s optimism. GBP/EUR has slipped to €1.1397, while GBP/USD has weakened to […]

The EUR/USD consolidated throughout last week, neither going above the resistance line at 1.2300 (which was tested unsuccessfully), nor going below the support line at 1.2150. This week, there is going to be a directional movement, which would most probably favor bears, for the outlook on EUR pair is bearish for this week. EUR/USD: The […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish This pair consolidated throughout last week, moving between the resistance line at 1.2300 and the support line at 1.2150. The resistance line at 1.2300 was tested unsuccessfully, and it is unlikely that price would stay above it, even if it tested again. There is […]