Faraday Research

1.13 remains an important level for the Euro as we head towards the weekly close, with a growing potential it could mark a bear-trap and reversal of fortunes for bulls. Starting with the daily chart,...

Brexit developments continue to draw all the headlines, with my colleague Fawad Razaqzada characterizing Thursday’s cabinet resignations as a disaster for PM May. While the updates from the UK...

A quick update on AUD following the strong employment data seen earlier today.Last week we highlighted the potential for AUD to carve out a new low, although part of the process involved establishing...

As anticipated Monday, we’ve already spilled plenty of digital ink on this week’s Brexit developments, but the hits just keep coming!The following is a brief (approximate) timeline of the...

Momentum has turned to drive gold back down to $1200. Yet it could provide near-term opportunities for both bulls and bears near the lower bounds of its channel. Original post

Brexit is once again grabbing all the headlines, as my colleague Fawad Razaqzada highlighted yesterday. The situation remains highly fluid, and with everything from an agreed-upon withdrawal bill to a...

Just as we hit “publish” on last week’s GBP/USD update, traders’ tone toward the pair started to sour. The proximate catalyst for the reversal was a disappointing GDP report,...

King dollar has dominated the start of the week with the US dollar index hitting a 17-month high. Today we take a look at EUR/USD, GBP/USD and USD/CHF daily charts.EUR/USD DailyBroke key support of...

The number of the day (and indeed the last two weeks) is 10.As in, the price of a barrel of WTI crude oil declined for the 10th straight day on Friday – its longest streak since 1984. As my...

We’ve seen NZD go from strength to strength since breaking its channel, so we’re intrigued to see if AUD/USD can now play catch-up.Sentiment-wise, there’s an argument for AUD to...

If you’re one of the many readers who did, you’re excused for forgetting about Thursday’s Federal Reserve meeting. After all, the high political drama in Washington and London...

Since its sell-off from multi-year highs, WTI is within its most bearish 5-week run since January 2016. And whilst momentum favours a test of $60, the risk of a retracement from current levels appears...

The US midterm elections have come and passed and with the results coming in broadly as expected (Democrats taking control of the House, Republicans retaining the Senate), we’ve seen minimal...

Although the midterms elections haven’t always been viewed as a major event for markets, there is an argument to be made that this one could spark more volatility than usual.If the polls are to...

Much like we saw with the Bank of England meeting getting overshadowed by Brexit developments earlier this week, traditional market-moving economic releases are taking a back seat to geopolitical...

Around current levels, DXY is on track to close the week with a bearish reversal at the highs. Its failure to hold above 96.98 resistance has the hallmarks of a bull-trap. Yet what makes it more...