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- Submitted Dec 28, 2021|From orbex.com
Some investors are puzzled as to why the price of gold hasn’t been increasing lately. In fact, it peaked last year, and since then it has been largely trading lower. On the other hand, inflation went up during that period and continues to rise, ...
- Submitted Dec 23, 2021|From orbex.com
Later today we have the last bit of major data coming out from the US before the end of the year. After that, the markets are left to their own devices, and it is likely to mark the last day of major trading. Tomorrow, the US markets are closed for ...
- Submitted Dec 21, 2021|From orbex.com
Normally, as the end of the year approaches, housing activity in the US slows down. It’s seasonally normal for new house completions, sales, and even price drops. There are several reasons for it, from people focusing more on the holidays, to the ...
- Submitted Dec 21, 2021|From orbex.com
The current XAGUSD structure suggests the development of a cycle triple zigzag w-x-y-x-z. On this chart, we can see the final part of the bearish wave y. There is an assumption that the price has reached a peak. In turn, this means that the ...
- Submitted Dec 14, 2021|From orbex.com
The current USOIL structure suggests the development of a global upward impulse c of the cycle degree. This consists of primary sub-waves ①-②-③-④-⑤. By the beginning of December, the market completed a downward price movement within the primary ...
- Submitted Dec 14, 2021|From orbex.com|6 comments
There is a pretty strong consensus forming that the Fed is going to increase the pace of the taper at their next meeting. But they haven’t so much agreed on how much that increase will be. That allows for some wiggle-room in market forecasts. So, we ...
- Submitted Dec 9, 2021|From orbex.com
There are two key bits of fresh data that could influence the dollar tomorrow. The one that is most likely to get all the attention is the release of the inflation numbers for November. And the consensus among analysts is that the results will not ...
- Submitted Dec 8, 2021|From orbex.com
The general turnaround in risk sentiment this week has largely been attributed to the latest studies pointing to the omicron variant being less virulent than prior variants. But what also gave the market a push early on Monday was the PBOC cutting ...
- Submitted Dec 7, 2021|From orbex.com
Conventional wisdom so far is that as the pandemic puts pressure on the economy, central banks would keep up the stimulus. The immediate market response in the wake of the omicron variant discovery was to react in accordance with that notion. The ...
- Submitted Dec 1, 2021|From orbex.com
It’s common knowledge that the chronic problem the BOJ has had to deal with is low inflation. But, inflation is unlikely to pick up if consumers are unwilling to spend. So, keeping an eye on consumer sentiment can give us some advance warning about ...
- Submitted Nov 25, 2021|From orbex.com
There is a significant discrepancy between three key groups that are important to traders when it comes to the future of the AUDUSD. The market appears to be pricing in a rate hike as early as next year. Analysts are insisting that it will be around ...
- Submitted Nov 23, 2021|From orbex.com
Tomorrow we have the release of two key bits of data for the US economy. And the consensus among analysts points in opposite directions. One could point out that they cover separate months, but it appears it has more to do with focusing on different ...
- Submitted Nov 22, 2021|From orbex.com
One of the important questions for traders in European assets is how much, if at all, the coming winter will be like the last one. The European services economy came to a screeching halt for nearly four months. This was because covid cases spiked ...
- Submitted Nov 19, 2021|From orbex.com
Because of supply chain issues, oil prices are one of the biggest factors causing higher inflation. After oil futures crashed into negative last year, they have “overcorrected” and are trading above pre-pandemic levels. This has been a headache for ...
- Submitted Nov 19, 2021|From orbex.com
We can assume that USOIL is currently developing a global upward impulse. This includes the primary wave ③. The current chart shows the final part of the primary third wave, where we see the complete correction wave (4) of the intermediate degree. ...
- Submitted Nov 11, 2021|From orbex.com
By now it’s been a couple of months since the Evergrande issue hit the markets. Since then, a lot of the more pessimistic scenarios haven’t played out. In fact, the worries about a collapse of the housing market in China have pretty much completely ...
- Submitted Nov 10, 2021|From orbex.com|1 comment
Tomorrow we have an avalanche of data from the UK just before the market opening. Several bits are key for economic projections and whether or not the BOE will finally go through with its rate hike. Here’s a reminder of what the BOE has been up to. ...
- Submitted Nov 9, 2021|From orbex.com
Last week, the Fed acknowledged that inflation was higher than anticipated, and would likely stay that way for a while. Many economists would argue they are late to the party. But the fact that the Fed finally came around could indicate that ...
- Submitted Nov 8, 2021|From orbex.com
Just three weeks ago, the German Health Minister Jens Spahn was talking about bringing the covid emergency to an end. However, at the close of last week, Germany recorded the highest number of new covid cases ever for two consecutive days. Health ...
- Submitted Nov 4, 2021|From orbex.com|1 comment
The formation of the DXY stock index suggests a correction wave b of a cycle degree. Perhaps it takes the form of a simple Ⓐ-Ⓑ-Ⓒ zigzag of the primary degree. The final primary wave Ⓒ is currently under construction. In fact, the wave takes the form ...