Faraday Research

Equity Analysts are dubbing today as the ‘day from hell’ as 14 FTSE 100 companies report. Let’s take a look at the three most interesting charts from those that have reported. AstraZeneca (AZN) ‘Day of hell’ does not do justice for what we are seeing with AstraZeneca. The shares gapped 15% lower at the open […]

As EUR/USD approaches its August 2015 highs, let’s take a look at how EUR/USD’s price behaviour will shape our trading strategy. The bigger picture… It’s always best to gain some perspective by using a higher timeframe and we favour the weekly candle chart for this purpose. Notice how the price chart below is very minimal; […]

In a previous market insight piece, ‘Miners starting to shine’, we predicted the index would breakout from a prolonged retracement phase, paving the way for a powerful rally to ensure. FTSE 350 Mining Sector Index – Weekly Candle Chart Having seen exactly that, as the above (updated) weekly charts highlights, and with the miners reporting […]

We step away from the loud noise out of North America this afternoon and take a look at EUR/GBP which has seen some interesting moves over the past few sessions. Pressure has been building over the last few months for a strong break above 0.8850 and the Bank of England’s deputy governor, Ben Broadbent gave […]

Having seen the FTSE 100 fall over 200 points from its June 2nd highs, the index breaking decisively lower today is setting the scene for this selloff to roll on. However, with several interior resistance levels remaining in play, how far is the index is set to fall? See below, for Faraday Research’s view on […]

Over the last week, the yen has taken the brunt of the seemingly co-ordinated central bankers attack on easy money. With so-called ‘peak QE’ now a potential reality and ultra-low interest rates resigned to the history books, the Japanese currency has tracked lower as yield differentials widen in favour of the other major currencies. This outlook […]

In what is becoming a familiar market situation (see the Fed circa 2013/2014), the ECB has the unenviable task of starting to repeal some of the monetary stimulus it has dished out over the last decade, without the market jumping to wild conclusions about its medium-term intentions. What is clear from recent price action over the last […]

EUR/USD Last week’s ECB press conference left EUR/USD in limbo following a typically non-committal speech from President Mario Draghi. Refusing to be drawn on the timing of tapering and lowering his inflation forecast saw EUR/USD retreat from trend highs. Whilst the dominant structure of this market remains bullish, last week’s subtle failure at trend highs […]

The stark difference between Labour’s and the Conservative’s ideological and Brexit negotiating stances makes today’s election the most important in recent memory. Like Brexit, the potential impact for the FTSE 100 is colossal, especially as markets are pricing in a comfortable Conservative victory… Are the polls wrong again? Brexit remains an unadulterated reminder of how […]

After a fascinating and absorbing election campaign, the UK gets to vote on their future Prime Minister, political party and Brexit negotiator for the next five years. The surprise snap election called by PM May seven weeks ago on expectations of a landslide victory has been anything but a victorious lap around the country. Labour […]