Foreign Exchange

Another day, another leadership challenge for Australia’s PM Malcolm Turnbull, leaving AUD crosses worse for wear. A second leadership vote could come as soon as tomorrow (5am GMT) if Turnbull receives a letter requesting a vote with 43 signatures on. The consensus is for Turnbull to be ousted, which puts Australia on track for its […]

A weaker USD has allowed NZD to climb from multi-year lows ahead of US-China trade talks tomorrow. Yet with a dominant bearish trend and resistance cluster close by, we’re seeking a rejection at resistance to signal momentum has realigned with the dominant trend. Faraday Research offers real time FX and Equity trade signals from qualified […]

The following signals have triggered: BUY AUDCHF Entry price: 0.7242 Stop loss: 0.7041 Take profit: None Exit date: September 19, 2018 Additional signals will be announced as they are identified. If you wish to follow these signals then remember: 1. These are long-term signals 2. Entry levels are approximate, but do not “chase the market” […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish, and price went further downwards until it reached the support line at 1.1350. Further drop was rejected around the support level and a rally effort ensued. However, the rally effort was not serious enough to threaten the recent bearish outlook […]

Risk appetite has certainly deteriorated over the past week as Turkey clashes with President Trump and battles with the financial markets. It seems we are all emerging markets traders now as CNY and ZAR also get hit and trade near significant resistance levels, where the issues potentially become a wider test of global risk sentiment. Of […]

The bearish trend on GBP/CHF goes from strength to strength but, with multiple signs of over-extension and 8 sessions without a daily close higher, the risk of a bounce is increasing. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

EUR/USD has broken down to fresh yearly lows amidst concerns about exposure to Turkey – will bears look to target 1.12 next? Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish After consolidating in the months of June and July, 2018, the market has resumed its bearish journey, which it started in April 2018. Last week, price dropped roughly 200 pips, and it has dropped more than 1000 pips since April. This is a bear […]

Waiting for Godot is a well-known play by Samuel Beckett where in short, nothing much happens and nothing is certain. This may sound boring but really, it’s anything but boring. The summer months in markets remind us of this at times. They are historically well-known for being some of the quietest months in the markets and with volumes razor-thin. Indeed, […]

Higher inflation expectations helped cap AUD/NZD’s rally ahead of tonight’s RBNZ meeting. But with the trend favouring further upside, it could be too soon to write off another push higher just yet. Like all good neighbouring countries, there’s a friendly rivalry between Australia and New Zealand. Whether it’s over sport, culture or (specifically with these […]