Currency

Ahead of the BoE and ECB, Jamie Dutta discusses EUR/GBP with structural levels crucial for future longer-term direction. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

The bearish trend from the July high to the November low has had a reversal of fortunes. The USD was sent broadly lower after the Fed hiked rates, not only due to it being fully expected (therefore priced in) but because traders had hoped for a more hawkish event. That, combined with the news of […]

There’s plenty of event risk for traders to consider this week, although volatility has largely remained contained as we wait for the big events to hit our screens. The highlight is arguably tomorrow’s FOMC meeting, but we also have BOE and ECB meetings on Thursday along with all-important CPI reads for UK and US to […]

Throughout last week, the EUR/USD went downwards by 120 pips, thus leading to a Bearish Confirmation Pattern in the market. While the support lines at 1.1750 and 1.1700 could be tested, it is also expected that a rally will occur sometime this week, owing to a bearish run on the USD/CHF. EUR/USD: Throughout last week, […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the short-term, for price went southwards throughout last week, moving briefly below the support line at 1.1750 and then closing above that support line on Friday. Other support lines at 1.1700 and 1.1650 could be tested this week, provided […]

In the last week or so, sterling traders have been suffering through news overload with headlines aplenty on Brexit and on UK politics. Euphoria on Monday sent cable near to this year’s highs as prices consolidated above 1.35. This was due to market expectations of sufficient progress being made in Brexit negotiations which would allow progress to […]

Broad AUD strength surrounding today’s RBA meeting helped to push AUDJPY to a 3-week high. With a clear momentum shift having taken place from the lows, we’re keeping a close eye on any signs of price compression. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us […]

The persistent bullish effort on GBP/USD has already paid off, and price has gained 460 pips since November 13. There was a slight bearish correction on Friday, after which price would resume its bullish journey, targeting the distribution territories at 1.3500, 1.3550 and 1.3600. EUR/USD: The EUR/USD met a considerable challenge last week –which threatened […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The bullish bias on EURUSD was challenged last week, as price was pulled towards the support line at 1.1800. However, bulls managed to push price upwards, thus saving the bullish bias. Price is currently close to the resistance line at 1.1900, and it is […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is bearish in the short-term, and neutral in the long-term. In the long-term, price consolidated throughout November; but in the short term, the last week of November has been bearish. In the short-term, price has dropped seriously enough to generate a clean bearish bias on the market, and as […]