Submitted Aug 13, 2020|From orbex.com

The dynamics of gold are changing. Traditional investor behavior remains dominant, but technology is updating the way gold prices move at least in the short term. The changes might be somewhat subtle and have more implications for traders than for ...

Submitted Aug 12, 2020|From orbex.com

You would think that with a huge spike in unemployment in the United States, it would be easy for businesses to find employees. However, according to the NFIB, the largest small-business lobbying bureau, it seems to be the opposite. 37% of small ...

Submitted Aug 12, 2020|From orbex.com|1 comment

USDCHF suggests a bearish wave z consisting of primary corrective sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.The move takes the form of a triple zigzag. Prices are currently structuring a primary wave Ⓧ which takes the form of a flat (A)-(B)-(C). With (A) and (B) looking ...

Submitted Jul 16, 2020|From orbex.com

Following a 1.5% rally yesterday, Twitter stock prices are down over 6% pre-market on Thursday. Traders are digesting the news of a recent hacking scandal that has shaken confidence in the tech firm. It was reported yesterday that accounts of ...

Submitted Jul 8, 2020|From orbex.com

Expectations are for inflation to have picked up in June, following a 4-month slump. The reasons for it are mostly internal, but a lot of analysts are following Chinese economic data closely to see what might happen when other economies reopen. ...

Submitted Jul 1, 2020|From orbex.com

Forecasters were caught off guard (the polite way of saying their prediction was way off) by the sudden increase in job creation in May. Now, they have switched to being optimistic about the release on Thursday. They are now projecting millions of ...

Submitted Jun 30, 2020|From orbex.com

There has been something odd about the yen, lately, tomorrow we might get some clues as to why. There is a host of key data coming out, but the Tankan survey could answer a couple of open questions. It could also give better insight into where the ...

Submitted Jun 23, 2020|From orbex.com

NZDUSD has been shedding some of its recent gains over the last couple of weeks as risk sentiment has cooled off. This mostly has to do with external factors. While news from New Zealand has been positive on the COVID front, the rise in cases in ...

Submitted Jun 17, 2020|From orbex.com

The current XAUUSD formation hints to a 5-wave impulse consisting of cycle-degree waves I-II-III-IV-V. Currently, wave V is under construction. It consists of primary sub-waves ①-②-③-④-⑤. Primary wave ④ looks fully completed on a (W)-(X)-(Y) complex ...

Submitted Jun 9, 2020|From orbex.com|1 comment

Last week, the markets were moving significantly higher on improved risk sentiment. The media tends to focus on specific events that might have a short term impact, such as the ECB raising asset purchases (which buoyed the euro as expected.) ...

Submitted Jun 3, 2020|From orbex.com

USDCHF seems to be forming a bullish zigzag that consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ. The market has completed an impulse wave Ⓐ, which was followed by a horizontal contracting triangle in wave Ⓑ. It seems that the pair has now begun to form the ...

Submitted Jun 1, 2020|From orbex.com|6 comments

The Aussie dollar is set to have a good week with a barrage of data out of China coming in better than expected. There are two major risk events on the calendar over the next couple of days. However, the consensus is that they won’t get in the way ...

Submitted May 28, 2020|From orbex.com

A host of key economic data is set to close out the week in Japan. In the altered reality that is the coronavirus situation, some of the usually important economic metrics are largely being ignored by the markets. In terms of getting a handle on the ...

Submitted May 27, 2020|From orbex.com

The USDCHF currency pair bounced off a major 3-month trendline support at 0.9650 on Tuesday. At the said level, there also lays the regression medium-term trendline of the descending channel starting Apr 24. With the RSI (9) indicating more ...

Submitted May 26, 2020|From orbex.com

The UKOIL structure shows a bearish impulse consisting of waves ①-②-③-④-⑤. The first four parts of the primary degree pattern seem fully completed. Currently, prices are forming a flat in correction wave ④. The flat is of the intermediate degree ...

Submitted Mar 10, 2020|From orbex.com

The current USOIL structure is indicative of a 5-wave impulse move. The intermediate degree leg is part of a cycle degree correction wave c and consists of primary sub-waves ①-②-③-④-⑤. We can see that the first four parts of this impulse wave are ...

Submitted Mar 5, 2020|From orbex.com|7 comments

The current USDCHF structure indicates that perhaps the final part of the bearish double zigzag Ⓦ-Ⓧ-Ⓨ is forming, where wave Ⓨ is a simple zigzag consisting of intermediate sub-waves (A)-(B)-(C). Subwaves (A) and (B) were fully completed, whereas ...

Submitted Mar 4, 2020|From orbex.com

Before going into the BOC meeting, we must address the coronavirus, and its impact on slowing down global activities and economic growth. Last week, we saw indices taking a large plunge. S&P 500 lost 16%, and it was the same story with the other ...

Submitted Feb 27, 2020|From orbex.com

The medium-term DXY structure hints at a bullish impulse wave of the cycle degree, consisting of primary degree waves. Following the conclusion of a wave bears opened several bulk short orders the pattern of which looks like a triple zigzag ...

Submitted Feb 26, 2020|From orbex.com

The current USDCNH structure suggests that the cycle degree triple zigzag w-x-y-x-z completed and markets have reversed into a bullish trend. This primary degree 5-wave upside consists of waves ①-②-③-④-⑤. With waves ① and ②fully completed we can now ...