Currency

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral On September 18 and 19, this pair made a faint bullish attempt, only to come down on September 20 (and then went upwards on September 21 and 22). Since there is no conspicuous victory between bull and bear, the market remains in a neutral […]

Unexpectedly strong UK retail sales boosted the pound yesterday, as markets eagerly awaited the results of the latest Federal Reserve monetary policy meeting. GBP/EUR is starting today at €1.1353, while GBP/USD has inched up to US$1.3508 – a move that may not last given the positivity surrounding the Fed’s latest comments. GBP/AUD has soared 0.9% […]

The row over claims the UK could benefit from Brexit to the tune of £350 million per week was reignited again yesterday, weighing on Sterling as further signs of disarray in the government were revealed. The pound is starting today on a mixed footing, with GBP/EUR having fallen -0.3% to €1.1270 while GBP/USD has climbed […]

After seeing the FTSE 100 selloff sharply last week, Trevellyan Ward discusses whether the UK’s headline equity index is poised to fall to 7,100. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free. Faraday Research offers real time FX and Equity trade signals from qualified […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The market is bullish in the long-term and neutral in the short-term. There was a slight bearish movement last week, but that was not significant. This week, price would either go above the resistance line at 1.2050, to strengthen the long-term bullish outlook; or […]

The USD/JPY went bearish in the first week of this month and then went bullish last week. The market is bearish in the long-term and bullish in the short-term. This week, price could go further upwards by another 100 pips, but further bullish movement would be rejected, owing to a bearish expectation on JPY pairs […]

Sterling gained on several of its rivals on Monday in response to the news that the EU repeal bill won its first Commons vote. GBP/EUR advanced to €1.1017, GBP/USD remained in the region of $1.3190, GBP/AUD hit a high of AU$1.6466, GBP/NZD fluctuated around NZ$1.840, and GBP/CAD retraced some of its gains to trade around […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bullish The pair went upwards last week, gaining about 200 pips. Price moved briefly above the resistance line at 1.2050, and then closed below it on Friday. There is a strong bullish outlook on EUR pairs this week, and therefore, the pair is supposed to […]

This pair gained a minimum of 270 pips last week, rising in the beginning of the week and testing the distribution territory at 1.3200. That distribution territory has been tested a few times and it would eventually be breached to the upside, as price targets another distribution territories at 1.3250, 1.3300 and 1.3350. EUR/USD: This […]

Jamie Dutta discusses tomorrow’s ECB meeting, three things to watch out for and price action in EUR/USD Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.