Currency

The USD/JPY dropped massively last week, shedding 220 pips and testing the demand level at 111.00, with the intent to breach it to the downside. There is a huge Bearish Confirmation Pattern in the 4-hour chart, and further bearish movement is anticipated in the market. The next targets are the demand levels at 110.50, 110.00 […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market was bearish from Monday to Wednesday, and then began to make some bullish effort, which eventually paid for. From the middle of last week, price rose by 270 pips, to test the resistance line at 1.2200. That resistance line remains under siege, […]

USD/JPY has sold off dramatically this week and Jamie Dutta discusses this move and the wider picture for this major. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

The Australian Dollar was given another boost today after retail sales far exceeded expectations. Poking its’ nose to a 3-month high before edging low, the move follows on from an impressive run since the 8th December low. Since then, AUDUSD has already gained 4.7% and, with exception to NZD, dominated the majors. So as AUDUSD is […]

The pound was able to end the day on largely strong form, benefiting from weak Eurozone data. The pound begins the session on a weak footing this morning. GBP/EUR is flat at €1.1335, while GBP/USD has slipped -0.2% to US$1.3539. GBP/AUD has dipped into negative territory, falling to AU$1.7277, GBP/NZD has dropped -0.3% to NZ$1.8856, […]

As global economic data has continued to improve, appetite for risk has risen which has sent global stocks to record highs, weaken the Yen and revive the carry trade. The weaker USD has also strengthened commodity currencies which helped CADJPY, NZDJPY and AUDJPY enjoy the past few weeks of trade. Yet another pillar of support […]

The EUR/JPY went upwards to test the supply zone at 136.50. Since December 15, 2017, price has gained over 400 pips; plus it would be somewhat difficult for a lasting bearish movement to occur in the market, as long EUR has some stamina. Bulls may be able to push price towards the supply zones of […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The market essentially consolidated throughout last week – in the context of an uptrend. Although price did not go seriously upwards or downwards last week, that stance is going to change this week (for price would assume a directional movement). It is much more […]

It’s probably fair to say that the British Pound exceeded expectations of many in 2017. By the close of the year, GBP had rallied 9.53% against the flailing Greenback, 7.4% against NZD and 5.6% against JPY. Yet whilst these are admirable results from a currency which was poised to only go lower (thanks to Brexit) […]

With the goldilocks global economy set to roll on for another year, the current environment should remain supportive for risk markets and assets. This cyclical environment – broadening growth with low and benign inflation – will also be helped along by lower political uncertainty. The world has seemingly learned to live with President Trump’s tweets (“My nuclear button’s […]