Submitted Jan 2, 2020|From orbex.com

The weekly crude oil inventories report is delayed this week due to the New Year’s Day holiday. So, the report will be released tomorrow instead of the usual Wednesday release date. Last week, the EIA reported a 5.5 million barrel drawdown which ...

Submitted Dec 30, 2019|From orbex.com|1 comment

Is Demo Trading Worth It There is a perennial debate among FX traders over the value of demo Forex trading. Some traders swear by it and say it is the best way to get used to trading Forex before going live. Others say it is a waste of time and ...

Submitted Dec 30, 2019|From orbex.com

Asian markets are set to finish the year with a bit of a bang. We have some especially interesting data coming out on the last day of the year. Chinese PMI data is expected to get extra attention. This is because it’s the first economic measurement ...

Submitted Dec 13, 2019|From orbex.com|1 comment

Recessions are inevitable. It’s not a matter of if there will be a recession, it’s a matter of when. The longer we go without one, the more likely the next recession is just around the corner. A savvy forex trader will want to get ahead of the ...

Submitted Dec 13, 2019|From orbex.com

The yellow metal was initially higher over the week on continuing market jitters ahead of a potential US-China trade deal. This combined with a weakened US dollar to help lift price. Into the middle of the week, traders still had not been given ...

Submitted Dec 11, 2019|From orbex.com

All Is Not So Good in Switzerland There is a very strong consensus among economists that Chairman Jordan will announce that the SNB has decided to keep its monetary policy steady. We also expect him to reiterate that he sees the franc as highly ...

Submitted Nov 26, 2019|From orbex.com|1 comment

The Conference Board’s consumer confidence report for November is due out later today. The median estimates point to a modest increase to 126.9 on the index. This is slightly higher than October’s reading of 125.9. The US consumer confidence index ...

Submitted Nov 22, 2019|From orbex.com|3 comments

EURUSD seems to be moving into an intermediate bearish impulse. Following the completion of primary waves ① and ②, markets wrapped up intermediate wave (1) and near the completion of wave (2). Wave (1) is a bearish 5-wave impulse. Wave (2) is a ...

Submitted Nov 22, 2019|From orbex.com

XAUUSD Looking Muted as US Macros Offset Geo-Related Gains Apart from the weekly price action, indicators suggest that gold could remain under pressure in the medium-term. After the $1478 top was taken out markets slid, suggesting the completion of ...

Submitted Nov 21, 2019|From orbex.com

The current long-term structure on AUDUSD hints to a triple combo wave in the cycle degree, labeled w, x, y, x, z. The last part of the bearish zigzag (wave z) consisting of primary sub-waves Ⓐ -Ⓑ -Ⓒ is currently under formation. Waves Ⓐ and Ⓑ are ...

Submitted Nov 21, 2019|From orbex.com

In the week ending November 15, EIA reported a build in crude oil inventories, driving WTI prices lower. On Wednesday however, crude prices rose despite EIA reporting another successive build. The rise in stocks was smaller compared to analysts’ ...

Submitted Nov 19, 2019|From orbex.com

There are a couple of events on the economic calendar tomorrow to move the Canadian dollar. While Canada has, so far, been sidelined by global uncertainty, it doesn’t mean that they will always be. We need to be wary of any signs of a change in ...

Submitted Nov 19, 2019|From orbex.com|1 comment

GBP has been trading higher this week. Optimism around Brexit has helped lift the exchange rate against both USD and EUR. This fresh wave of optimism comes on the back of news that all 634 Conservative part candidates will back the PM’s Brexit deal ...

Submitted Nov 14, 2019|From orbex.com

Gold The yellow metal has been able to post a small recovery this week on the back of a softening in risk appetite. This has seen equities markets retracing from recent highs. Traders were a little dismayed earlier in the week as Trump’s speech at ...

Submitted Nov 13, 2019|From orbex.com

The monthly consumer price index data will be coming out later today. General estimates point to a modest increase in inflation during the month of October. Economists forecast that consumer prices will rise 0.3% on the month. Meanwhile, core CPI, ...

Submitted Nov 7, 2019|From orbex.com|1 comment

The current GBPJPY structure suggests that we are on a bullish 5-wave impulse formation, consisting of minor waves 1-2-3-4-5. Waves 1-2 and 3 are completed, whereas minor wave 4 is under construction but likely to end the correction near 139.50 ...

Submitted Nov 7, 2019|From orbex.com|10 comments

This might seem like an easy question to answer, but with all things that involve humans and subjectivity, it’s complicated. A lot of people out there want to believe – or want you to believe, rather – that forex trading is easy money. That’s not ...

Submitted Nov 5, 2019|From orbex.com

The short answer is: everything. Well, that might be a bit of an exaggeration, because “everything” includes pizza, and you can’t make pizza with MT4. But there’s a reason that MT4 is currently the most popular forex trading platform out there. That ...

Submitted Nov 5, 2019|From orbex.com|7 comments

The monthly non-manufacturing PMI report from the Institute of Supply Management will be coming out today. According to economists, median estimates point to a modest increase in the index. Estimates show that the ISM non-manufacturing PMI will rise ...

Submitted Nov 1, 2019|From orbex.com|4 comments

You might be surprised to find out how many ways there are to discover reversals. In fact, there is an entire forex trading style dedicated entirely to using reversals to get in and out of the market. So, let’s go over the most important things to ...