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- Submitted Nov 3, 2021|From orbex.com
Analysts largely expect the BOE to be one of the first of the major central banks to raise rates. That said, there is a considerable debate among them about whether it will be at this meeting or at the next. The decision comes fast on the heels of ...
- Submitted Nov 2, 2021|From orbex.com|1 comment
Back in September, the FOMC said that they would start reducing the number of asset purchases in the near future. The market broadly interpreted this to mean that they would start in two months’ time. Now we’re at that point. And so there is a ...
- Submitted Oct 28, 2021|From orbex.com
One of the themes of the markets lately is that unexpected issues have had magnified effects across the whole economy. Of course, keeping an eye on the trends is important. But given how integrated global supply chains are, the under-supply of one ...
- Submitted Oct 27, 2021|From orbex.com
With most central banks in the world “normalizing” their policy, and some moving to raise rates somewhat dramatically, the ECB is in a unique position. While there is a lot going on, and plenty of things for ECB members to talk about, there isn’t ...
- Submitted Oct 27, 2021|From orbex.com
USOIL seems to be forming a global upward impulse, which includes the primary wave ③. The current chart shows the final part of the primary third wave. This sees the end of correction wave (4) of the intermediate degree in the form of a double W-X-Y ...
- Submitted Oct 26, 2021|From orbex.com
Australian covid cases might have finally reached a peak. Particularly with the 7-day moving average of cases finally trending downwards for the first time since the “third wave” started. This could mean that there is a chance of relaxing covid ...
- Submitted Oct 25, 2021|From orbex.com
On Thursday, traders were a little surprised, if not disconcerted, following the third-quarter earnings report from Tri Pointe Homes. This is one of the US major home builders, and although they had relatively good overall earnings there were two ...
- Submitted Oct 21, 2021|From orbex.com
Given the situation in global supply chains, PMI data has returned to focus. Businesses are increasingly reporting difficulties in obtaining supplies. This translates into lower profits and slower economic growth. Purchasing managers are likely to ...
- Submitted Oct 20, 2021|From orbex.com
The Gold structure suggests that the intermediate correction wave (4), is a triple zigzag consisting of minor sub-waves W-X-Y-X-Z. As part of the correction (4), the final minor wave Z is under construction and is almost complete. If we take a ...
- Submitted Oct 20, 2021|From orbex.com
Last night, workers at a US refinery in Texas voted against resuming work in the latest round of acrimonious negotiations between the union and Exxon Mobile. The company plans to transform the location into the largest refiner on the continent. ...
- Submitted Oct 18, 2021|From orbex.com|2 comments
Over the weekend there were media reports of a potential adjustment in ECB policy regarding its asset purchases. At first glance, it appeared to be just talk of a mere technical change and could have passed unnoticed. It’s still in the “discussion” ...
- Submitted Oct 14, 2021|From orbex.com
The euro has been tracking lower for several months now. And there are several analysts who think that trend will continue. Most recently, JPMorgan suggested that the EURUSD could drop as far as the 1.1000 handle. In fact, there are some good ...
- Submitted Oct 12, 2021|From orbex.com|2 comments
After the unexpectedly disappointing results in jobs creation reported on Friday, there is a lot more interest in the FOMC minutes’ release tomorrow. What the markets are looking at now is when the taper will happen. After the last meeting, the Fed ...
- Submitted Oct 11, 2021|From orbex.com
A consensus seems to be forming that the BOE could raise rates as early as this year. This expectation would weigh on UK stocks, but could substantially support the pound. A good part of this has to do with the shift in rhetoric from the BOE and ...
- Submitted Oct 6, 2021|From orbex.com
Later today, the EU is holding one of its myriad of leaders’ summits. The major issue on the docket is foreign policy, with China relations at the forefront. Most notably, since January 1st foreign policy also includes the relationship of the EU ...
- Submitted Oct 5, 2021|From orbex.com
The eurozone’s better than expected services PMI could suggest that the European economy is on track for growth. The services sector, of course, suffered the most from covid, and its recovery would be a strong sign of improvement over the impact ...
- Submitted Oct 4, 2021|From orbex.com
There has been a lot of media speculation ahead of the Joint Ministerial Meeting of OPEC and non-OPEC members in Vienna today. Pressure has been mounting on producers to ramp up oil supplies as prices moved higher. The increased price of energy is ...
- Submitted Sep 30, 2021|From orbex.com
As the first day of the month, tomorrow sees the release of PMI data from across the world. Heading into the weekend with China closed for a holiday, we could have some extra volatility in pretty much every currency pair. After the beat in PMI data ...
- Submitted Sep 28, 2021|From orbex.com
The XAUUSD formation suggests that the current intermediate correction wave (4), is a triple zigzag consisting of minor sub-waves W-X-Y-X-Z. The second intervening wave X has ended, and the final minor wave Z looks almost complete. The internal ...
- Submitted Sep 27, 2021|From orbex.com
As anticipated, the German federal election results came in with a narrow plurality for the center-left SDP party. This is the closest result in history, suggesting that it will be the most difficult coalition negotiation as well. Some estimate the ...