Faraday Research

Faraday Research: Supermarkets Falter at ‘Sell Zone’

17 Jan 2017 @ 21:02
This week saw Morrison, Sainsbury, Tesco and Marks & Spencer all report. Accordingly, let’s take a look at the ‘state of play’ for British supermarkets. First and foremost, the updates were, without doubt, bullish. Buoyed by growing UK retail sales all four reported like for like sales growth. Moreover, Tesco increased their market share for […]

Sterling: Red lines amidst the political fog

12 Jan 2017 @ 19:47
When thinking of what to write to kick off the New Year, for example ‘Post Inauguration Dollar Performance’, Yuan Relevance, ‘How Many Times President-Elect says ‘Make America Great Again’, the obvious and only topic to discuss has to be closer to home. Sterling has resumed its long term downtrend from those lofty pre-Brexit highs (1.50 […]

10 Key Events of 2017

29 Dec 2016 @ 20:34
With 2017 fast approaching we at Faraday thought it would be useful to outline 10 key events of the forthcoming year: Early January: UK Supreme Court Rules on Article 50 The UK Supreme court will rule whether UK Prime Minister Theresa May can trigger Article 50 herself or if parliamentary consent is needed. Current expectations […]

Dow Coils Before Christmas

23 Dec 2016 @ 04:21
Wednesday’s trading range for the Dow Jones Industrial Average was just 55 points. To put this in perspective this is the narrowest it has been since the 2nd of July 2014 (a whopping 624 sessions). Moreover, this follows Tuesday’s trading range of 67 points. Coinciding with this, Wednesday also saw the CBOE Volatility Index (VIX) […]

Micro Focus: A Tech Stock to Watch

16 Dec 2016 @ 22:07
Micro Focus has been a superstar stock for some time now with the share price locked in a stellar uptrend since mid-2011. Wednesday (14th December), management delivered yet another bullish update and on the back of this prices gapped higher at the open and closed the day up 4.2%. The 75% increase in interim dividend […]

Faraday FX Majors Preview

13 Dec 2016 @ 01:15
If last week was dominated by Draghi then this week is sure to focus on the Fed. Whilst it’s widely anticipated that the US central bank will hike rates on Wednesday, there remains plenty of scope for the Fed to move the market. Traders will be transfixed on Fed Chair Janet Yellen’s every word, especially […]

Momentum Builds Within the Banking Sector

09 Dec 2016 @ 19:29
Since Brexit, UK banks have carved out a well-established and multi-legged up trend. With the sector rocketing higher this week let’s take a look and see if this rally is set to roll on… Firstly, lets dispel the notion that what we are seeing is simply a ‘Brexit bounce’. The FTSE 350 Banking Sector Index […]

UK Equities: Brent bursts into key resistance zone

02 Dec 2016 @ 21:08
Brent has rallied over 14% since Wednesday’s OPEC production cut announcement and traders are unsurprisingly asking whether this burst higher has further to go… With prices now probing a key resistance zone, price action during the next two sessions will offer a great indication as to whether Brent’s 2016 uptrend has legs. The below chart […]

Trumpflation Divides the Miners

25 Nov 2016 @ 21:59
Last week saw precious metal miners plummet and base metal miners march higher. The below table highlights that, over the period 17/11 – 24/11, four of the FTSE 100’s five best performers were base metal miners; conversely the three worst performing stocks were all precious metal peers. True as at 11:00am 24.11.16 Let’s take a […]

Forex in Focus: Aussie at key level of support

18 Nov 2016 @ 03:32
Today the Australian dollar continued falling against its US counterpart, hitting key support at 0.7450. The pair last touched this important level back in late September, as described in my previous Forex in Focus article here. Looking at the hourly candle chart below, we can see the Aussie has been locked into a strong downtrend ever since the surprise […]
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