Submitted Jul 27, 2021|From orbex.com|2 comments

The Fed’s policy meeting that will end tomorrow is posing a problem for analysts. The FOMC has to make a decision about when to start winding down the extraordinary stimulus due to the pandemic. This is the frequently mentioned “taper”. But one of ...

Submitted Jul 26, 2021|From orbex.com|4 comments

At their last meeting, the RBA declined to extend the yield curve control provision. For practical purposes, this amounted to a tightening of policy, because it allowed interest rates to go higher for longer-term bonds. The market reacted ...

Submitted Jul 23, 2021|From orbex.com

Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced their quarterly results. These gave some interesting insights into the problems the housing sector is facing. The current situation gives more reason to suspect the Fed will be ...

Submitted Jul 22, 2021|From orbex.com

As the second-quarter earnings season gets underway, more and more companies are reporting that they are facing logistics and supply issues. This has caused an increase in prices for their raw materials, which many are passing on to their customers. ...

Submitted Jun 7, 2021|From orbex.com

Tomorrow sees the release of a series of second-line economic data. Each bit by itself doesn’t normally move the market. But together, plus market apprehension ahead of the EBC meeting on Thursday (where they will be addressing their asset ...

Submitted Jun 3, 2021|From orbex.com|1 comment

First, let’s look at the expectations for the headline NFP. Analysts have pared back their expectations after the major miss last time, and there is a really shaky consensus around 650K jobs created, compared to the 266K reported last time. However, ...

Submitted May 25, 2021|From orbex.com

Tomorrow could provide some extra volatility in oil, and might even reverse the recent trend, depending on what happens. Early in the US session, we have the start of another round of negotiations around Iran’s potential return to a nuclear deal. ...

Submitted May 20, 2021|From orbex.com

Tomorrow we could see some choppiness in the euro pairs as we have the successive release of Market’s flash PMIs from three major regions in Europe: France, Germany, and the UK. Then, the aggregate for the eurozone. It’s just the preliminary release ...

Submitted May 14, 2021|From orbex.com|1 comment

The Biden administration has or is planning to get approval for spending a total of $6.0T in additional spending this year. This is on top of the regular budget. It also comes after around $9.7T of monetary expansion under the last year of the Trump ...

Submitted May 11, 2021|From orbex.com

There has been a lot of media coverage on the recent cyberattack on the Colonial pipeline in the US. So, it’s understandable there will be a lot more attention on the release of the weekly EIA petroleum data tomorrow. Not just because it has an ...

Submitted May 10, 2021|From orbex.com

The markets were quite shocked with the results of NFP on Friday. But as we suggested as early as last Tuesday, there was reason to expect disappointment. This has led some analysts to start to revise their outlook for growth in the US. And we might ...

Submitted Apr 29, 2021|From orbex.com|1 comment

China’s economy is facing a problem as the rest of the world’s economies look towards opening up. Until now, much of retail in Europe and America was either closed, restricted or subject to closure from anti-covid measures. This logically put ...

Submitted Apr 27, 2021|From orbex.com

Fed Chairman Jerome Powell is in a somewhat difficult position. This is likely to be expressed in the statement from the FOMC policy meeting and the subsequent press conference. There is a reason that he’s been making public statements much more ...

Submitted Apr 26, 2021|From orbex.com

A couple of weeks ago we got the flash reading of the Michigan Consumer Confidence numbers. These provided a bump to the markets. Not because they beat expectations so much, but it was the first time that consumer confidence had gone back to ...

Submitted Apr 22, 2021|From orbex.com

Earlier this week, the total number of new reported covid cases reached an all-time high as the world faced a third wave. Since then, there has been a slight drawback in the number of cases. But, it is of course, way too early to know if that was a ...

Submitted Apr 20, 2021|From orbex.com|4 comments

There is an increasing consensus that we will get some action out of the BOC following their interest rate decision tomorrow. Of course, it’s too soon to expect a change in the interest rate. So, there is a unanimous agreement that rates will stay ...

Submitted Apr 19, 2021|From orbex.com|4 comments

Recently, the pound has been on the backfoot after surging forward during most of the year. A couple of fundamental issues have had a hand in this, plus at least one important technical one. The question for traders now is whether tomorrow’s data ...

Submitted Apr 16, 2021|From orbex.com

Delving into the technical aspects of the vaccines would probably take a whole book, but we need to address the major issues that could affect the markets. The first question is how likely is it for the JNJ vaccine and even the AstraZeneca one to ...

Submitted Apr 15, 2021|From orbex.com|2 comments

The markets are on tenterhooks ahead of the release of the first GDP figures from one of the world’s major economies for the first quarter. Most of the world saw a second wave of covid cases far exceeding the first, with a return of extended ...

Submitted Apr 13, 2021|From orbex.com

Given the magnitude of the Great Financial Crisis, it’s understandable that traders still have concerns about a potential meltdown of the housing market in any place in the world. In fact, by some measures, we still haven’t recovered from the GFC. ...