Faraday Research

Here are three key events to keep an eye on in June. UK Election (June 8) This time next week, we’ll all be putting a cross in a small box (again) to determine which direction the UK heads over the next five years. A surprise snap election called by PM May on expectations of a landslide […]

Last week’s Trump’s / Comey cover-up feel like a distant memory as equity markets re-test all-time highs. Let’s take a look at some of the powerful price patterns that are taking shape now across the S&P 500 and the FTSE 100. S&P 500 With US politics at the epi-centre of the recent selloff, let’s start […]

It’s been a very long time since we’ve heard a piece of Eurozone data described as ‘euphoric’. It’s also very rare that the German Chancellor should comment that ‘the euro is too weak’. Such is the life of the single currency and the numbers don’t lie – the single currency is the best performing currency […]

Here’s a technical snapshot of the major FX pairs: EUR/USD EUR/USD steamrollered higher last week, surging past the 1.1100 handle with ease. With bullish momentum behind it EUR/USD looks poised to re-test the US election highs of 1.1300. Our EUR/USD strategy for this week is pretty straight forward: buy the dips on lower timeframes, unless […]

After last week’s conjecture about the many ‘fear gauges’ being eerily quiet, we have finally seen risk aversion in full effect this afternoon. This has shaken the markets out of its VIX torpor with gold up, treasury yields off and a very strong yen. Investors are worried about ‘another’ crisis which has hit the new […]

Tomorrow marks the fourth time since June’s Brexit vote that the markets get a ‘Super Thursday’ from the Bank of England. This event – its decision on interest rates; the minutes of the monetary policy committee’s meeting at which the decision was reached; and the quarterly inflation report, which gives its latest view on the […]

Here’s a technical snapshot of the major currency pairs: EUR/USD Post-election ‘pop and drop’ is the headline today following Emmanuel Macron’s decisive win over the weekend. The single currency appears to have run out of steam after spending the last month at the top of the relative strength charts – reinforcing the old adage ‘buy […]

Like those two boxing heavyweights who took a battering over the weekend, the yen has been the worst performing major currency this week at the time of writing surpassing the aussie and its related collapsing commodities. USD/JPY looks set for its third consecutive weekly gains hitting six week highs overnight. The pair is actually higher […]

“Canada has made business for our dairy farmers in Wisconsin and other border states very difficult. We will not stand for this. Watch!”  The first 100 days of the Trump Presidency ends this Saturday and it seems we are back to monitoring @realDonaldTrump tweets once again. After the above Trump volley, the Canadian dollar, aka […]

Investors are all too aware of Trump’s intentions to make America great again. Plans to repeal Obamacare, push through ambitious tax reforms and kick start the US economy through increased infrastructure spending and de-regulation have been reported on again and again. On the back of this, we saw the now famous ‘Trump Trade’ develop and […]