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- Submitted Aug 9, 2019|From orbex.com
Equity markets led a strong recovery following strong declines just earlier this week. This came after investors managed to digest the developments involving the US-China trade spat. However, investor sentiment still remains cautious, especially ...
- Submitted Aug 8, 2019|From orbex.com
Rounding out a pretty busy week for Japan, we have one of the most important events on the economic calendar this month: the first look at GDP for Q2. Given all that’s been going on, this is likely to be extra important this time around. It could ...
- Submitted Aug 6, 2019|From orbex.com
The RBNZ was one of the first to cut rates in the current cycle. However, now that the RBA has done so twice in a row, they seem to be a bit behind the curve. Compounding the pressure is the Fed’s rate cut last week which shrunk the yield divide. ...
- Submitted Aug 6, 2019|From orbex.com|3 comments
Candlestick patterns have a unique following among price action enthusiasts and technical analysts. They are widely popular due to the fact that they reflect market sentiment visually. When you see a red or a black candlestick, you automatically ...
- Submitted Aug 5, 2019|From orbex.com|1 comment
Tomorrow we have the most important event of the economic calendar for the whole month: the RBA’s interest rate decision. There are several reasons why it could provide some extra volatility. After two back-to-back cuts in the rate, a third is ...
- Submitted Aug 1, 2019|From orbex.com
Overnight we will get the last bit of market-moving data ahead of the RBA interest rate decision next week. Since the central bank holding steady is not a foregone conclusion in this environment, traders will be looking closely to see how consumer ...
- Submitted Jul 31, 2019|From orbex.com
The Bank of England is the last of the major central banks to have their monetary policy meeting. Despite being the most important event on the British economic calendar this week, we aren’t expecting a major change in terms of monetary policy. Now ...
- Submitted Jul 30, 2019|From orbex.com|1 comment
Contrary to other countries, this week is relatively quiet on the Chinese economic calendar. The most important event coming up is the release of the official PMI and the private Caixin PMI survey. Both of these releases could likely move the ...
- Submitted Jul 25, 2019|From orbex.com
After a pretty quiet week on the economic front in Mexico, time to get ready for macro data to start picking up. We’ll be turning our attention to the Trade Balance, which is normally important for any currency. Given the trade situation between ...
- Submitted Jul 25, 2019|From orbex.com|8 comments
The European Central Bank will be holding its monetary policy meeting later today in Frankfurt. The meeting will be crucial, considering that the ECB President Mario Draghi hinted at further easing a month ago. The monetary policy meeting comes on ...
- Submitted Jul 23, 2019|From orbex.com
Tomorrow we get our first major data from Europe for the week. And it’s set to be a pretty important day for the euro! This is the last major data release ahead of the ECB’s rate decision on Thursday. At the meeting, we’re expecting the ECB to take ...
- Submitted Jul 16, 2019|From orbex.com
Tomorrow is a big day for central bank watchers! We will be getting the UK and eurozone CPI figures one after the other in the middle of the trading session. We could expect some extra volatility this time around in both the pound and the euro. Now ...
- Submitted Jul 11, 2019|From orbex.com
Oil prices surged higher yesterday in response to the latest report reflecting a further drawdown in US crude stores. Oil prices initially began to move higher on Tuesday in response to the weekly report from the API. The API report showed a large ...
- Submitted Jul 8, 2019|From orbex.com
This week is relatively quiet on the economic calendar for Australia. This means the AUDUSD is likely to move more on external events over the next few days. Of the more important events coming up, overnight we get NAB Business Confidence. The day ...
- Submitted Jul 5, 2019|From orbex.com
It’s been a volatile week for gold prices with strong moves in both directions. Prices traded up to just shy of last week’s multi-year highs, before closing back near the middle of the week’s range. Gold prices were initially heavily lower on the ...
- Submitted Jul 5, 2019|From orbex.com
Statistics Canada will be releasing the monthly jobs report this Friday. According to economists polled, Canada’s unemployment rate is forecast to rise to 5.6%. This marks a modest increase from the 5.4% registered in May. The economy is forecast to ...
- Submitted Jul 4, 2019|From orbex.com
Crude prices have softened a little today following an initial rally yesterday. This was in response to the latest industry report which showed a further drawdown in US crude stores. The Energy Information Administration’s report, covering the week ...
- Submitted Jul 2, 2019|From orbex.com
The US ISM Manufacturing index released yesterday added further weight to the case for the Fed to ease. The data showed the sector recorded its slowest growth since October 2016 over June. It fell to 51.7, from 52.1 over the prior month. While the ...
- Submitted Jul 1, 2019|From orbex.com|2 comments
Later today the RBA will meet to decide on its rate policy, setting up the most important economic event for the month for the AUD. It also could give us the most volatility because there’s no fully formed consensus on what the RBA will do. Some ...
- Submitted Jun 28, 2019|From orbex.com|1 comment
A common factor in the decisions traders make is paying attention to the right decisions that maximize profitability. Not only is it important to make the right decisions, but it’s important to make the right decisions about the right things. ...