Faraday Research

GBP/USD Is Locked In A Bearish Channel Ahead Of BOE, Fed And NFP

EUR/USD Timeframe Euro crosses are broadly lower following yesterday’s ECB meeting. A bearish engulfing candle has formed below the retracement line to warn of further weakness. US GDP is the...

In perhaps the least surprising development of the year, the European Central Bank left all its interest rates and its asset purchase program unchanged in this morning’s monetary policy meeting....

1Six years to the day after ECB President Mario Draghi vowed to do “whatever it takes” to preserve the euro, the currency union is certainly on stronger footing.Indeed, it has been a while...

With the summer months suppressing volatility, depending on your strategy, it can make for tough trading conditions. But, if seasonal charts are to be believed, our bi-polar friend (aka volatility)...

The trend is your friend” is one of the first market witticisms most new traders learn, with good reason: After all, buying pullbacks or breakouts in established uptrends and downtrends is the...

It’s been a quiet start for traditional economic data, with a slight miss in US existing home sales the only headline of note. That situation is likely to change as we move through the week...

Notwithstanding President Trump’s daily twitter condemnations, traders have started to look ahead to next week’s trade.The marquee economic events impacting next week’s FX market...

Last week, we highlighted how USD/CAD saw a momentary bout of weakness (loonie strength) after the Bank of Canada raised interest rates before reversing sharply back to the topside as oil prices...

Following a retracement from its high, we’re keeping a close on EUR/JPY and resumption of its bullish trend.We can see on the daily chart that, since breaking the bearish trendline from the...

Amidst the second day of Fed Chairman Powell’s Humphrey-Hawkins testimony, disappointing UK inflation data and a big rally in cryptoassets, the Australian dollar garnered few headlines on...

The parabolic moves on USD/CNH has seen AUD and Asian currencies in general come under pressure. So, with its break to a fresh 11-month high today, AUD/USD is back under the spotlight for a move...

With concerns about the nascent global trade war escalating and the Treasury yield curve inverting, Federal Reserve Governor Jerome Powell had a clear opportunity to tap the brakes on the central...

Following the relentless rally throughout last year, the price action in the major US stock market indices over the last six months has felt like purgatory. After seeing a blowoff top to new record...

If you were to look at the where the major currencies are trading relative to Thursday’s US close, you’d think it’s been a pretty quiet day – after all, none of the majors is...

Heading into this year, there was a convincing case for a dollar rally. After all, the world’s reserve currency had fallen sharply against most of its major rivals in 2017 as the luster of the...