Submitted Dec 11, 2020|From orbex.com

Gold Gold prices have been lower over the week following a strong sell-off on Wednesday. The market shed 2.4% in response to the move higher in the dollar midweek. The risk sentiment backdrop has generally remained against gold this week with ...

Submitted Dec 8, 2020|From orbex.com|1 comment

Tomorrow is the Bank of Canada’s last meeting for the year. And we don’t really expect anything groundbreaking to come from it. There are some policy tweaks that we can expect which could push the CAD a bit. Given that we are about to go into the ...

Submitted Dec 2, 2020|From orbex.com

The non-manufacturing component of the ISM survey has taken on a starring role as traders try to understand how much of an effect covid is having on the economy. Particularly the autumn readings. The hope is that the second wave of covid won’t have ...

Submitted Nov 25, 2020|From orbex.com

The International Monetary Fund was originally set up to help re-establish international money transfers in the aftermath of WWII. Generally, it acts as a lender for countries to balance their current account. It also maintains liquidity for ...

Submitted Nov 10, 2020|From orbex.com|1 comment

A lot has happened in New Zealand since the last meeting of their Reserve Bank. A lot more has happened outside the island nation that has implications for the country’s monetary policy. Thus, there are many analysts that are expecting some kind of ...

Submitted Nov 2, 2020|From orbex.com

Tomorrow the Reserve Bank of Australia convenes to decide where they will set the interest rate. They’ll also discuss potentially expanding their asset purchase program. The meeting happens in the middle of some significant risk events for the ...

Submitted Oct 28, 2020|From orbex.com|4 comments

All analysts’ estimates suggest that third-quarter GDP in the US is going to break all previous records for growth. This is to be expected after the second quarter was the biggest drop on record. The important question is whether the two moves ...

Submitted Oct 27, 2020|From orbex.com

With many countries in the world seeing a renewed spike in covid cases, lockdowns and other restrictions are being reimposed. The economic impact of that is likely to increase calls for central banks to step in with more easing. But most have ...

Submitted Oct 22, 2020|From orbex.com

If you ask authorities in China or in Australia, they likely will say that there isn’t any trade issue between the two countries. Officially, China continues to have normal trade with Australia. But there have been numerous media reports showing ...

Submitted Oct 19, 2020|From orbex.com

This week we have a series of important inflation data from major countries across the world. We’re getting to a critical juncture in the economic recovery from COVID that implies more attention is needed on CPI changes. As mentioned at the ...

Submitted Oct 16, 2020|From orbex.com

Of all the major countries, China is likely to be the only one to register positive GDP growth this year. Even though many nations are revising upwards their projections, they are still broadly in the negative. Coming up we have a first look at ...

Submitted Oct 16, 2020|From orbex.com

Crude oil prices have been a little firmer this week, underpinned by a bullish report from the Energy Information Administration. The EIA reported that in the week ending October 9th, US crude oil inventories fell by 3.8 million barrels. This takes ...

Submitted Oct 15, 2020|From orbex.com

Politics has taken center stage in the US, with even the latest polls pushing the markets. We can expect the economic situation to play a strong role in people’s decisions on who to vote for. Therefore, economic data is getting the political ...

Submitted Oct 14, 2020|From orbex.com

EU leaders are once again heading to the Brussels summit, this time with the members of the eurozone. This is the formal, biannual meeting, as opposed to the extraordinary EU Summit at the start of the month. The meeting is significant in many ways, ...

Submitted Oct 14, 2020|From orbex.com

The USDCNH structure shows a bearish cycle correction b. This is a triple combination consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, waves (A) and (B) of Ⓩ have ended. A downturn is then likely in wave (C) near 6.60. At that ...

Submitted Oct 13, 2020|From orbex.com

AUDUSD continues to form a corrective triple zigzag wave b of the primary degree. At the time of writing, sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ are fully complete. The final bullish wave Ⓩ is an intermediate (A)-(B)-(C) zigzag. In the medium term, minor sub-waves 3-4-5 ...

Submitted Oct 12, 2020|From orbex.com

On Friday, Germany reported the highest number of new COVID cases since April 8th, which was near the middle of the “first wave”. Last week, the number of new cases has increased dramatically, well over 50% in less than 7 days. Germany has not yet ...

Submitted Oct 9, 2020|From orbex.com

The two largest economies in the world will be providing their inflation numbers next week. Normally, this would be a major event that would rile up markets. However, with monetary policymakers focusing on other things, the markets are likely to ...

Submitted Oct 8, 2020|From orbex.com

Now that the controversy over Canada’s budget is over, we can look ahead at key fundamental data releases coming up. The CAD, like other commodity currencies, has been supported by a broader feeling of optimism in the markets. In particular, Canada ...

Submitted Oct 7, 2020|From orbex.com

Thursday could be a busy day for the Swiss Franc, with two fundamental events. First is the release of September unemployment data, and then we have SNB’s Jordan giving a press conference. We’ll focus on the unemployment data because Switzerland has ...