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- Submitted Oct 31, 2019|From orbex.com
China’s PMI’s are especially interesting this time around because it’s the first survey since it became known that the US and China had tentatively reached an agreement about the ongoing trade war. Of course, it’s not a done deal. In fact, just ...
- Submitted Oct 31, 2019|From orbex.com
Canada will be releasing the monthly GDP numbers today. Forecasts show that on a month over month basis, the GDP will rise by 0.2% on the month. This comes after the previous month in July saw a flat print or stagnant growth. But the expectations ...
- Submitted Oct 31, 2019|From orbex.com|16 comments
You’ve likely seen ads for MetaTrader 5, the latest version of the most popular forex trading application out there. Designed to be an upgrade from MetaTrader 4, it has the latest features, and the manufacturer is quite keen to get people to adopt ...
- Submitted Oct 30, 2019|From orbex.com|1 comment
In FX trading, learning to trade with the trend is one of the best ways to make money. Fortunately, forex markets tend to have some of the strongest trends, offering a lot of opportunities for FX traders. It is, therefore, very important to learn ...
- Submitted Oct 29, 2019|From orbex.com
Early tomorrow, or late tonight depending on where you live, we get the most important data of the week for the AUD. Inflation data not only moves the currency on its own, but could be instrumental in determining whether the RBA cuts the reference ...
- Submitted Oct 25, 2019|From orbex.com
Gold The yellow metal has been higher again this week. Gold posted its second consecutive positive week as of writing. The main driver behind the move is the expectation that the Fed will cut rates again when it meets next week. Since the September ...
- Submitted Oct 25, 2019|From orbex.com
The consumer sentiment index for September saw a revision from 92.0 to 93.2. The UoM consumer sentiment hit a high at 101.00 in May this year. But, since then, consumer sentiment is in a downtrend. The forward looking indicator rebounded during the ...
- Submitted Oct 25, 2019|From orbex.com|1 comment
There are two major components to becoming a successful forex trader. The first is what we are all aware of: you need to be able to read and understand the forex market. The second is just as important, and often is the difference between FX traders ...
- Submitted Oct 24, 2019|From orbex.com
The last major market-moving data of this rather busy week for the euro is the Ifo Business Climate Index. The expectation is for it to confirm the host of downbeat economic reports we’ve been getting over the last few weeks. The question now seems ...
- Submitted Oct 23, 2019|From orbex.com
Technical analysis can sometimes be seen as an easier approach to forex trading than fundamental analysis. But, truth be told, there is quite a bit of a learning curve to it. Many forex traders who are just starting out find it challenging to ...
- Submitted Oct 22, 2019|From orbex.com
This is quite a quiet week on the data front from New Zealand. However, there is one major event that could move the currency. Exports are an important part of the economy. So, the trade balance has extra weight on the exchange rate. Additionally, ...
- Submitted Oct 22, 2019|From orbex.com
The second-quarter retail sales were down from 1.8% in the first three months of the year. On an annual basis, Canada’s retail sales are up just 0.9% on the three months ending July. Excluding auto sales, core retail sales are, however, expected to ...
- Submitted Oct 17, 2019|From orbex.com
The Philadelphia Fed manufacturing index report is due for release later today. Economists forecast that manufacturing activity as measured by the index will fall to 7.3 for October. This comes after the index stood at 12.0 in September. The Philly ...
- Submitted Oct 16, 2019|From orbex.com|1 comment
The monthly US retail sales report is due to come out today. Data from the Commerce Department is forecast to show that retail sales will rise by 0.3% on both the headline and the core. In August, headline retail sales rose 0.4% while core retail ...
- Submitted Oct 15, 2019|From orbex.com
The Role of Central Banks in Repo Markets The central bank plays an influential role in the repo agreements. It uses the repo markets to tighten or ease lending conditions. This is done by the Federal Open Market Committee of the Fed. When the cost ...
- Submitted Oct 14, 2019|From orbex.com|1 comment
The trade talks between the United States and China produced some positive headlines. This brought back optimism into the markets which have been flip-flopping in response to the developments. President Donald Trump confirmed that there is a trade ...
- Submitted Oct 8, 2019|From orbex.com
The next major event on the economic calendar that could affect the AUD and NZD is the release of Westpac’s Consumer Confidence survey. Immediately after the release, we could have a couple of dozen pip move in the market. But for long term FX ...
- Submitted Sep 25, 2019|From orbex.com|1 comment
Breakouts are one of the most commonly occurring phenomena in technical analysis-based forex trading. They are a result of price consolidation or congestion. The consolidation or congestion periods can occur at any time: before a trend, within a ...
- Submitted Sep 24, 2019|From orbex.com
New Zealand will be closing the latest cycle of interest rate meetings of the major central banks around the world. The global bias continues to be on the easing side, with the exception of Norway. There hasn’t been much improvement in the economic ...
- Submitted Sep 23, 2019|From orbex.com|10 comments
The seemingly never-ending Brexit saga has taken a strange turn this week! World-famous travel company Thomas Cook has plunged into insolvency, creating travel chaos. The firm has been battling financial difficulties in recent months, exacerbated by ...