- Search Crypto Craft
- Submitted Aug 19, 2021|From orbex.com
The BOE has had a pretty good week in terms of macroeconomic releases, with most data coming in within their outlook. Presumably, this means that their monetary policy is on track. But that might change with the release of retail sales data ...
- Submitted Aug 18, 2021|From orbex.com
Last night, the RBNZ decided to leave the OCR at its current level. But, by then, most of the market reaction had already happened. The situation in New Zealand is a microcosmos of what the “new normal” in the markets is, and the difficulties of ...
- Submitted Aug 18, 2021|From orbex.com|3 comments
NZDUSD’s structure looks set to complete yet another leg down to finalize a double zigzag pattern. The complex structure began at $0.7766 high on February ’21. Since then it formed a correction that could end closer to the 0.618% extension of waves ...
- Submitted Aug 17, 2021|From orbex.com
For the second week in a row, markets closed down quite heavily on a Friday. Then throughout Monday, they clawed back some of the losses. A drop in the markets heading into the weekend isn’t exactly unusual. This is because there is increased risk ...
- Submitted Aug 16, 2021|From orbex.com|1 comment
There is a lot riding on tomorrow’s employment data release from the UK. Over the weekend, BOE Governor Bailey reiterated that the bank would remain accommodative until there is a significant improvement in the employment numbers. The consensus is ...
- Submitted Aug 16, 2021|From orbex.com
US OIL prices continue to decline in what seems to be a wave Y of a double zigzag correction. The current action suggests that the complex pattern belongs to wave ③ of a primary degree bullish impulse. As part of an intermediate wave (2), we can ...
- Submitted Aug 13, 2021|From orbex.com|1 comment
GBPUSD seems to be forming a triple zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Now we are in the final sub-wave Ⓩ. It is likely that it takes the form of double (W)-(X)-(Y) zigzag of the intermediate degree. It seems that the decline in the ...
- Submitted Aug 11, 2021|From orbex.com
The USDTRY appears to have found some relative stability over the summer. The upcoming interest rate policy decision by the CBRT won’t shake things up too much. Although given their long-standing reputation for unconventional policies, we shouldn’t ...
- Submitted Aug 10, 2021|From orbex.com|1 comment
The consensus of expectations is that July will show that inflation has peaked, by coming in a little bit lower than in June. The rate is still quite high, but the Fed projects rates will return to normal by the end of the year. For that to happen ...
- Submitted Aug 10, 2021|From orbex.com
The current XAUUSD structure suggests that the intermediate correction wave (4), which is currently under construction, is a triple zigzag. This triple zigzag consists of minor sub-waves W-X-Y-X-Z. The second minor intervening wave X has ended. The ...
- Submitted Aug 9, 2021|From orbex.com
Germany is heading into a period of increased economic uncertainty. And this just might be enough to weigh on the outlook of the whole eurozone. Most of the focus is on the spread of the covid delta variant, but there are plenty of other issues ...
- Submitted Aug 6, 2021|From orbex.com
The first time the Fed announced a tapering there was pandemonium in the markets. This was somewhat ironic because they specifically chose the word ‘taper’ to convey that it was a very minor change in policy. Since then, the word ‘taper’ has taken ...
- Submitted Aug 6, 2021|From orbex.com
The EURUSD pair is developing a large bullish impulse. This impulse consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Now the market is in an intermediate correction (4), which has a complex internal structure of a triple W-X-Y-X-Z zigzag. ...
- Submitted Aug 5, 2021|From orbex.com|2 comments
The consensus among analysts is that the US July Non-Farm Payrolls will show a continuation of the increasing job creation trend that we’ve seen since April, albeit significantly slower. However, there are some reasons to suspect that economists are ...
- Submitted Aug 5, 2021|From orbex.com|1 comment
The USDCHF pair seems to be forming a large cycle triple zigzag, with the final wave z currently under development. The internal structure of the wave z suggests a simple Ⓐ-Ⓑ-Ⓒ zigzag. The impulse Ⓐ and the correction Ⓑ in the form of a double ...
- Submitted Aug 4, 2021|From orbex.com
The BOE was once one of the more “hawkish” of the major central banks. But, that has gone by the wayside with the rise of covid over the last month. Now, the consensus is leaning towards a more dovish stance in the short term. In fact, UK economic ...
- Submitted Aug 3, 2021|From orbex.com
WTI resumed the general downward trend it has been in this month, despite the presence of some factors we traditionally thought could push it higher. Analysts aren’t expecting the tensions over an attack on an Israeli-linked oil ship off the coast ...
- Submitted Aug 2, 2021|From orbex.com
The formation of the GBPJPY currency pair suggests the development of the final part of the cycle wave y. This wave takes the form of a double zigzag consisting of primary degree sub-waves Ⓦ-Ⓧ-Ⓨ. The last actionary wave Ⓨ is currently under ...
- Submitted Jul 29, 2021|From orbex.com
Tomorrow we await the official confirmation that Europe has exited the (second) covid recession. While this might be a relief for many policymakers, there are still plenty of economic troubles plaguing the shared economy. So even though we can ...
- Submitted Jul 29, 2021|From orbex.com
The current XAGUSD formation hints at a large triple zigzag structure. This is where the bearish actionary wave y is in formation. The wave y has the internal structure of a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag which has ended. In the near future, the market ...