Foreign Exchange

Although the midterms elections haven’t always been viewed as a major event for markets, there is an argument to be made that this one could spark more volatility than usual. If the polls are to be believed, the Democrats are likely to take the house. If they’re to surpass expectations and take the senate as […]

See the key levels we’ll be watching on EUR/USD in the coming week! Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Around current levels, DXY is on track to close the week with a bearish reversal at the highs. Its failure to hold above 96.98 resistance has the hallmarks of a bull-trap. Yet what makes it more intriguing is that it almost mirrors the hammer seen in August which marked a 3.6% decline spanning 6 weeks. Throw in […]

It goes without saying that NZD/USD has been under heavy selling pressure overall this year. Yet, one by one clues are surfacing that this trend is under threat. The bearish channel from the June high has been breached today and, if weak USD sentiment continues through the European and US sessions, it’s on track to warn […]

A prominent swing low could mark the end of a shakeout as it heads for the 2018 highs. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

As of yesterdays close, the S&P500 has shed -9.36% for the month of October. This puts it on track for its tenth most bearish month using data since 1960. Of course, with two trading days left in the month it could still make a comeback, but we don’t see the harm in getting ahead of the game […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD is in a bearish trend – which started about 2 weeks ago. Price went downwards by roughly 160 pips last week, having gone down by 250 pips since October 15. Further bearish movement is anticipated, that would move price towards the support lines […]

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you’re not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it’s not. In decades of working with billionaire hedge fund […]

Gold bears closed out of gold by a record amount last week. We’re now watching closely for a follow-through on price. At the beginning of this month we’d highlighted extreme short positioning on gold and that price action was sending signals of an upside break. Of course, when looking at weekly charts and weighing up the potential […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is bearish in the long-term, but bullish in the short-term. Price skyrocket on October 11, thus bringing about a bullish signal in the short-term. In the long-term, Gold would need to continue making its bullish effort before the long-term bias can become bullish as well (provided the market continues […]