Faraday Research

There was a central bank meeting on Wednesday, but you’d be excused for not noticing.Overnight, the Bank of Japan made no changes to monetary policy and reiterated its vow to keep interest rates...

Last week, we highlighted the bearish head-and-shoulders pattern forming on the US Dollar Index. With the euro making up nearly 60% of the dollar index, it’s not surprising that a similar,...

USD/JPY is consolidating near the August highs ahead of tomorrow’s BOJ meeting. And with the rolling correlation between Nikkei and USD/JPY rising, we’ve taken note of Nikkei’s...

We’ve been tracking the regular drumbeat of Brexit headlines and as we noted last week, the tone of public comments has suggested that a deal is growing more and more likely as the talks enter...

Analysis of EUR/USD, USD/JPY and USD/CHF daily charts to highlight key levels and patterns.EUR/USD DailySeveral bearish reversal patterns have formed to mark a series of marginally lower...

Political headlines and trade fears are dominating the headlines in today’s North American session, leading to a slight risk-off tone despite a positive open for risk assets. As a result,...

On the 6th September we analysed CHF/JPY’s potential to move higher. With yesterday’s explosive break to new highs, we doubt the move is done yet. After its most bullish session in...

With three central bank meetings on Thursday's schedule – BoE, ECB, and CBRT – FX traders have been understandably distracted from the world’s reserve currency. However, dollar bulls...

On the 30th August we warned of a potential bullish reversal for GBP/CAD. Having since confirmed the double bottom and moved higher, our focus reverts to its longer-term bearish trend. We can see on...

What a difference a week makes!A little over a week ago, we noted that USD/CAD could continue to gain ground because, “there had been little in the way of progress on a new NAFTA deal with...

Two weeks ago, we noted that AUD/USD was testing a 20-month low on a “perfect storm” of bearish news. With trade and geopolitical tensions still running high, concerns about mortgage rates...

Sometimes, it’s best to keep the analysis simple.As the informal “deadline” for a Brexit deal draws nearer, sterling is becoming more attuned to headlines about the likelihood and...

In a world where financial media sensationalizes every US jobs report as “The Most Important Jobs Report Ever,” even the most bombastic personalities had to admit today’s release was...

Since our prior analysis the S&P 500 has broken to new highs. Given its tidy retracement towards key support, those new highs may just be short lived.Just coming off from its highs, the trend...

The weather isn’t the only thing taking a turn for the worse as summer winds to a close; the so-called 'FANG' stocks (Facebook), (NASDAQ:Amazon), Netflix (NASDAQ:Netflix) and Googl) that led the...

At the back end of last year, we wrote an Insight entitled ‘Binary Brexit stuns Sterling’ and how choppy sterling ‘has become on an intra-day basis’. Not much has changed it...