Foreign Exchange

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral The market went upwards last week, to test resistance line at 1.2450; a level from which a bearish correction was experienced. Price came down to test the support line at 1.2300, and then closed just above it. While the current bias on the market […]

DO YOU WANT TO BE ENTERTAINED OR RICH?…IT’S YOUR CHOICE I came across this excellent chart the other day. It shows those times in history when the S&P 500 doubled over a ten year period and the trajectory that this doubling took. Please see here for a relevant chart: https://www.tradinggame.com.au/want-entertained-rich-choice/ Much commentary that followed on […]

The aussie has hit a new low for the year today as the risk-off environment pervades the market once more. With commodities struggling, led by a near 20% decline in iron ore prices this month, there has also been little support from Treasury bond yields either, which have fallen to multi-week lows. Tariff tensions are front and centre for […]

It’s almost as if President Trump was tempting fate when he tweeted “great news”” about the rebound in the US stock market. Or perhaps he was beckoning Wall Street to have another stab at driving markets lower. Within 24hrs of congratulating the third best single-day gain for DJI, US markets are on the back ropes again […]

After noting the US dollar index was showing signs of compression last week, we’ve been on the lookout for volatility to broadly hit the USD since. And with WTI testing highs, Euro breaking out of compression and money flowing out of safe-haven currencies, we suspect the next phase of volatility is underway for markets. Since Thursday’s […]

GBP/CAD has been the strongest performer among Sterling crosses this past month, so after a minor retracement from the highs we’re seeking bullish setups on the pair. We also take a look at the FX calendar for the week ahead. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here […]

Daily analysis of USD/CHF for March 26, 2018 USD/CHF The USD/CHF may assume a directional movement this week. In the short-term, this pair is bullish. Since the support level at 0.9200 was tested in February 16, 2018, price has rallied by over 350 pips, moving briefly above the resistance level at 0.9550. The market has […]

Here’s the market outlook for the week: EURUSD Dominant bias: Neutral This pair has consolidated so far this month. Price has been ranging between the support line at 1.2250 and the resistance line at 1.2450. This week may see an end to the neutrality of the market, as price would either move above the resistance […]

US dollar bulls failed to materialise when it was apparent the Fed are veering towards three hikes this year. Yet even if four hypothetical hikes were presented it remains debatable to how long the bullish reaction would have lasted, considering the brewing trade wars, that ‘pesky’ Mueller probe and twin deficits which cloud the dollar’s upside. […]

USD/CAD uptrend has paused at key structural levels. With ongoing trade issues, the FOMC and key Canadian data looming large, we take a technical look at this major. Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.