Submitted Oct 6, 2020|From orbex.com|2 comments

We’re expecting a bit of controversy from the FOMC minutes due tomorrow. These minutes are from the meeting held back in mid-September. The markets were taken a bit by surprise with dissent following the policy decision. And now we get to have a ...

Submitted Oct 5, 2020|From orbex.com

Through most of the summer, it appeared that the RBA had hit the bottom of their cutting cycle. And it was just a matter of how long the reference rate would stay at 0.25%. The lockdown in the state of Victoria, however, has changed the analysis. ...

Submitted Oct 2, 2020|From orbex.com

Next week, we will have the major employment data baked into the market. So it’s time to look to the future. As the services sector was the most impacted by COVID, non-manufacturing PMIs have come to the forefront in terms of market impact. And ...

Submitted Sep 30, 2020|From orbex.com

Last week, President Charles Michel called a special meeting of the European Council, That is, a meeting of the EU country leaders. However, the summit was postponed until this week. This was due to Michel possibly being exposed to the COVID virus, ...

Submitted Sep 30, 2020|From orbex.com

The current XAUUSD structure hints at a final impulse in wave ⑤. This is part of a larger cycle degree impulse. It consists of five sub-waves (1)-(2)-(3)-(4)-(5). At the time of writing, the market has completed correction wave (4) as a zigzag. It ...

Submitted Sep 29, 2020|From orbex.com

Chinese officials are reportedly discussing the possibility of cutting the country’s GDP growth projections to as little as 5% annual over the next five years. Officials could make the announcement either during or after the fourth national ...

Submitted Sep 28, 2020|From orbex.com

Last Thursday, BOE Governor Bailey cautioned that the UK’s recovery has been uneven. He claimed that he does not expect the growth rate we saw during the summer to continue into autumn. The comment didn’t have a major impact on the markets, because ...

Submitted Sep 24, 2020|From orbex.com|2 comments

Yesterday’s Flash PMIs for September marginally disappointed analysts, lending credence to worries that there might be a slowing in the pace of the recovery. The figures also affirmed a trend among developed nations, with manufacturing surveys ...

Submitted Sep 22, 2020|From orbex.com

As expected, the markets had a tough start to the week. There were a couple of technical factors, but the COVID situation is apparently still driving consumer sentiment. And that’s likely to continue to be the theme for the data coming out of ...

Submitted Sep 22, 2020|From orbex.com

The second half of the week has a couple of potential surprises. While it’s true that all central banks are charting new territory, that’s especially the case for the RBNZ and Banxico… But for widely different reasons. Given the situation, the ...

Submitted Sep 21, 2020|From orbex.com

The COVID outbreak has merely exaggerated a problem Sweden’s Riksbank was already dealing with unsuccessfully. Like most currencies outside of, but intimately tied to, the euro, inflation has been chronically below target, with no expectation of it ...

Submitted Sep 18, 2020|From orbex.com

A lot of the media coverage of the Internal Markets Bill has focused on the controversy of the story more than the underlying issues. This is particularly true of the coverage outside the UK. This is probably because it’s a complicated legal ...

Submitted Sep 17, 2020|From orbex.com

Every week, the Commodities Future Trading Commission (CFTC) issues a Commitment of Traders (COT) report. Basically, it’s a summary of the positions held by large futures trading institutions. It covers all assets, but forex traders are interested ...

Submitted Sep 16, 2020|From orbex.com

The major theme of this cycle’s central bank meetings is the “pivot” from emergency COVID measures towards a more balanced policy to support the emerging recovery. Some of the policies introduced are simply not sustainable in the medium term, such ...

Submitted Sep 15, 2020|From orbex.com

There has been a lot of speculation about what the FOMC could decide at their two-day rate decision meeting which ends tomorrow. Interest rates, as expected, are likely to remain the same. However, there has been a lot of talk regarding the ...

Submitted Sep 14, 2020|From orbex.com

Getting a handle on the market reaction to the German Economic Sentiment Indicator by ZEW is notoriously complicated. Often, the market will not react immediately following the data release. It tends to shift later in the day and analysts will ...

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

Jobs Report Bolsters Greenback, But For How Long? The US Index managed to close up 0.25% towards the 93 handle yesterday. However, demand for the greenback seems to be fading from the start of the week. After hitting a weekly peak last Friday on the ...

Submitted Sep 7, 2020|From orbex.com

After just over a month of almost steady growth, the markets took a bit of correction towards the end of the last trading week. Part of that is due to the extended weekend. US traders were away on holiday, and investors didn’t want to be exposed. ...

Submitted Sep 1, 2020|From orbex.com

Classic economics indicates that if you expand the monetary base, inflation soon follows. Expanding the monetary base is the technical term for “printing money”. The Fed does this in many ways, such as buying bonds. Another classic understanding of ...

Submitted Aug 25, 2020|From orbex.com

USDMXN has witnessed a bearish move from its recent spike of almost $23 on Aug 04. The pair created a bullish move after hitting support at 21.82 which was at 78.6% of the Fibonacci retracement. Previous standard and hidden bullish divergences on ...