Submitted Feb 26, 2020|From orbex.com

After two days of major drops in the US stock markets, analysts are revising their positions on where interest rates, and therefore currencies, are headed. Up until the weekend, the consensus was that there wouldn’t be any rate cuts by the Fed until ...

Submitted Feb 20, 2020|From orbex.com

The yellow metal has been in firm demand once again this week. Gold has extended last week’s gains to move back up and challenge the current 2020 highs around 1611.05, as of writing. The move higher has been consistent with the emergence of fresh ...

Submitted Feb 18, 2020|From orbex.com

The current USDCHF structure hints at a cycle degree complex ‘three’ pattern. Following the completion of wave x down at 0.9612, the currency pair began its last primary degree ‘three’ pattern, consisting of waves â’¶-â’·-â’¸. At the time of ...

Submitted Feb 18, 2020|From orbex.com|2 comments

The Australian Bureau of Statistics publishes the official change in wage prices once per quarter. This usually means it has a bigger impact on the market as it’s more anticipated. It’s also important because it’s one of the indirect measurements ...

Submitted Feb 18, 2020|From orbex.com|13 comments

Looking at the recent march higher in equities prices, there is little evidence to suggest the world is currently experiencing an outbreak of a deadly disease. The coronavirus infection named COVID-19, saw its first confirmed cases in China in ...

Submitted Feb 17, 2020|From orbex.com

The current XAUUSD structure hints at a corrective wave ④ of a triangular nature and consists of five intermediate sub-waves (A)-(B)-(C)-(D)-(E). Its first three parts are fully completed, whereas wave (D) is still under development. The ...

Submitted Feb 17, 2020|From orbex.com|1 comment

So far this year, the EUR has been weakening against its major counterparts. Unfortunately for euro bulls, there isn’t much in the way of news this week that might invert the fundamental scenario. Technical analysis also shows that the is euro under ...

Submitted Feb 14, 2020|From orbex.com|2 comments

The impulsive structure seen on the British Pound suggests further upside as part of minor wave 1. With the corrective ‘three’ fully completed on a false break below minor A low, this projection assumes that the upside is a 2-degree impulse. It is ...

Submitted Feb 13, 2020|From orbex.com|1 comment

The monthly retail sales report will be coming out tomorrow. The retail sales report will indicate the level of spending by US consumers at retail outlets during the first month of the year. The overall consensus for January is somewhat ...

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

The current USDJPY structure hints at a cycle degree bullish zigzag y consisting of primary waves Ⓐ-Ⓑ-Ⓒ. Sub-waves Ⓐ and Ⓑ are fully completed, wave Ⓒ , however, is still under development. Wave Ⓒ consists of intermediate waves (1)-(2)-(3)-(4)-(5). ...

Submitted Feb 11, 2020|From orbex.com

The first meeting of the RBNZ for the year is likely to have extra expectations. This is one of the four “live” meetings, accompanied by a monetary policy statement and followed by a press conference. Typically, if the bank is going to take action, ...

Submitted Feb 11, 2020|From orbex.com

The XAUUSD formation hints to a triangle correction pattern consisting of waves (A)-(B)-(C)-(D)-(E). Its structure suggests that intermediate wave (D) is a standard zigzag of the minor degree and has not yet been completed. This pattern requires the ...

Submitted Feb 3, 2020|From orbex.com

The current structure suggests that we are in the final part of a cycle degree zigzag d, which is part of a larger degree triangle. Wave d consists of primary waves Ⓐ, Ⓑ, and Ⓒ. With waves Ⓐ and Ⓑ fully completed and Ⓒ halfway through its final leg, ...

Submitted Jan 29, 2020|From orbex.com

The current structure hints to further upside as part of the cycle degree w-x-y-x-z triple zigzag. With primary wave Ⓒ completed, the recent ascent could form a 5-wave move as part of the final bullish leg near 1.002. Since the intermediate waves ...

Submitted Jan 27, 2020|From orbex.com

The US dollar has been holding strong against major currencies ahead of the Fed’s first meeting of the year. Market participants eagerly await the central bank’s policy outlook for 2020. As trade sentiment improves, most expect rates to stay low ...

Submitted Jan 23, 2020|From orbex.com

Unlike most countries, New Zealand publishes its inflation data only once per quarter. This means there are a lot more expectations ahead of the release. Many analysts are saying this is a key point that will set the trend for monetary policy for ...

Submitted Jan 22, 2020|From orbex.com

The next bit of economic data coming out of Australia could have a significant impact on the AUD. The RBA is closely watching the labor market, as it sees the creeping increase in unemployment as a challenge to maintaining the inflation rate. ...

Submitted Jan 22, 2020|From orbex.com|6 comments

Deadly Virus Confirmed News of the outbreak of a deadly disease in Asia, called the “coronavirus” has been grabbing headlines this week. The disease, which worryingly belongs to the same family of viruses as SARS, broke out in China over the last ...

Submitted Jan 8, 2020|From orbex.com

Coming up later tonight, or early tomorrow depending on where you are, we have the first major bit of economic data out of Australia for the year. A better than expected trade balance might be what the market needs to reverse the downslope in the ...

Submitted Jan 3, 2020|From orbex.com

Investors will be looking to today’s release for any clues on the future course of monetary policy. In a holiday-shortened week, besides the ISM manufacturing report, this will be the biggest headline. The impact of today’s report is unlikely to ...