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- Submitted Sep 24, 2021|From orbex.com
Politicians just love a crisis that they can leverage to push their agenda and narrative. However, that’s not useful to traders who just want to know what the real world market impact will be. The current US budget and debt crisis is pretty much ...
- Submitted Sep 23, 2021|From orbex.com
Forming a new government in Germany will be a complicated affair. Nonetheless, the voting and the counting of votes on Sunday will run with the typical German efficiency. What’s likely to rile up the markets for a while afterward is the expectation ...
- Submitted Sep 21, 2021|From orbex.com|5 comments
After months and months of speculation, it’s finally here. The FOMC is having a two-day meeting and the general understanding is that they will announce that they will start slowing down the pace of their asset purchases soon. What does all the hype ...
- Submitted Sep 17, 2021|From orbex.com
In the long term, DXY seems to be forming a bearish impulse that consists of five cycle sub-waves. The chart shows the final part of the deep correction wave IV, which, apparently, has come to an end. It took the form of a primary triple zigzag ...
- Submitted Sep 17, 2021|From orbex.com
Back in mid-August when snap elections were called in Canada it mostly seemed like a formality. At the time, PM Trudeau enjoyed improved popular support and good prospects at the polls. Despite the resolution in May to not hold an election in the ...
- Submitted Sep 16, 2021|From orbex.com
Normally, the release of the eurozone inflation data isn’t that much of an event for the markets. This is because we get the result from the publication of the major EU economies’ CPI figures in the days ahead. Traders already know what the results ...
- Submitted Sep 15, 2021|From orbex.com|1 comment
Later today, the EIA will disclose the latest crude inventory data from the US. What’s been pushing the market lately was the EIA’s monthly oil inventory report release. The contrast between their outlook and OPEC’s views could be causing some ...
- Submitted Sep 9, 2021|From orbex.com
The sterling has been on the back foot for the last couple of days. Even as BOE’s Bailey said that they met the minimum conditions for a rate hike, the pound fell in comparison to other currencies. What’s behind this move? And will it continue, ...
- Submitted Sep 7, 2021|From orbex.com
Tomorrow could be a pretty active day for CAD pairs. This is due to the simultaneous release of two key macro events. There is a relatively firm consensus on what the BOC will agree to at their meeting. Therefore, there is less of a chance of a ...
- Submitted Sep 6, 2021|From orbex.com
We can expect an important reaction in the Aussie dollar and the ASX no matter what happens at tomorrow’s RBA meeting. That said, economists and analysts are pretty divided on their expectations for what the Reserve Bank will do. Without clear ...
- Submitted Sep 3, 2021|From orbex.com|1 comment
The US hitting a debt ceiling and having issues making payments is pretty much a recurring theme. There is often a resolution before it affects the markets. But if politicians in Washington get caught up over something, it can lead to government ...
- Submitted Sep 2, 2021|From orbex.com
There are two main issues for the markets when it comes to tomorrow’s NFP data. Firstly there is the effect of the end of enhanced unemployment benefits. And secondly, how the NFP results will affect the Fed’s outlook. This in turn impacts ...
- Submitted Aug 31, 2021|From orbex.com
Tomorrow is the first of the month and the day arrives with a treasure trove of data from Europe. Given the importance of the figures’ release, we can expect some extra volatility in the pound and euro pairs. Lately, both currencies have been ...
- Submitted Aug 26, 2021|From orbex.com
Today marks the start of the two-day getaway for major central bankers to Jackson Hole, Wyoming. Traditionally, it was more of an informal event, with a series of presentations on diverse financial issues. Mostly it was an excuse for policymakers to ...
- Submitted Aug 25, 2021|From orbex.com
There has been a steady increase of covid cases across Europe as the holiday season gets underway, just like last year. Although the levels are lower from a year ago, it was enough of a parallel for European authorities to address the issue. Most ...
- Submitted Aug 25, 2021|From orbex.com
In the long term, DXY seems to be forming a bearish impulse, which consists of five cycle sub-waves. The chart shows the final part of the deep correction wave IV, which has ended. The correction wave IV took the form of a primary triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ ...
- Submitted Aug 24, 2021|From orbex.com
After falling through most of the month, crude prices finally hit a rebound this week. Generally, the weakness can be incidental to concerns over the potential slowing of the economy because of the delta variant. But that might be too superficial of ...
- Submitted Aug 24, 2021|From orbex.com
XAGUSD shows that a global triple zigzag is currently under construction, in which a bearish actionary wave y has been forming for about six months. Wave y has the internal structure of a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag and is nearing the end. It is likely ...
- Submitted Aug 20, 2021|From orbex.com
Yesterday, traders came to their desks to an unpleasant surprise. Specifically, most stock markets were trading down and safe-haven assets were on the rise. Some of the losses were later recovered, with a couple of US indices trading marginally in ...
- Submitted Aug 20, 2021|From orbex.com|4 comments
AUDUSD prices have recently depreciated substantially amidst a bearish impulse. As part of an ABC correction in wave (2) (or (B)) of Ⓐ, the 5-wave move will end in the short-term. This is due to both impulse waves (i) and (ii) having completed their ...