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- Submitted Apr 26, 2019|From orbex.com|3 comments
This Sunday the 28th, the Spanish are going to the polls again, with one of the first major elections scheduled in Europe for the spring. The result of the election is not all that connected to the EU. And we don’t expect it to have much predictive ...
- Submitted Apr 25, 2019|From orbex.com
We’ve had an adjustment in the RBNZ’s outlook to reflect the less than satisfying data we have been seeing lately. But is one of the more important economic indicators for the currency going to reflect that? Or are we going to have a better result? ...
- Submitted Apr 25, 2019|From orbex.com
The Department of Commerce will be releasing the preliminary durable goods orders report today. According to the economists polled, the durable goods orders are forecast to rise 0.7% on the headline. This would reverse the 1.6% decline seen in ...
- Submitted Apr 24, 2019|From orbex.com|3 comments
Overnight we have the most important economic event of the month for the yen! It’s not the interest rate decision, but rather the monetary policy statement and particularly, the press conference that comes after it. Usually, we see quite a bit of ...
- Submitted Apr 23, 2019|From orbex.com
The Canadian dollar rose on the back of rising crude oil prices. WTI crude oil closed on Monday with 2.45% gains. This allowed the Canadian dollar to post gains of 0.25% on the day as a result. Some of the markets were closed on Monday and trading ...
- Submitted Apr 19, 2019|From orbex.com
The yellow metal was heavily lower this week. A strong rally in USD saw the precious metal breaking down below key technical support. The main driver behind the USD rally was the release of Retail sales data for March. This saw the figure rising at ...
- Submitted Apr 18, 2019|From orbex.com
While most of the world is taking an extended weekend, Japan is still hard at work on Friday. And we have the release of some key data as well. With Europe and the Americas closed for the holiday, most major traders are also away from their desks. ...
- Submitted Apr 18, 2019|From orbex.com
Crude oil prices were lower this week despite the latest industry report showing a drawdown in crude oil inventories. The breakdown of the data shows the majority of the drawdown occurred in the midwest region. This saw a drawdown of 2.4 million ...
- Submitted Apr 8, 2019|From orbex.com
The start of economic data driving volatility for both the AUD and CHF pairs is on Tuesday really early (or Monday really late). We will see a couple of data releases coming out that could impact the markets, as they have done so in the past. In the ...
- Submitted Apr 5, 2019|From orbex.com|1 comment
The US dollar was seen recovering from the losses from the day before. The weekly jobless claims report dropped by 10,000, falling to 202,000. This was the lowest level since 1969 for the week ending March 30. US President Trump said that there were ...
- Submitted Apr 4, 2019|From orbex.com
The majority of the increase came in the Gulf Coast region. There, stockpiles rose by 8.7 million barrels. This was the largest increase this region has seen since September 2017. At the Cushing delivery hub in Oklahoma, crude inventory rose by 201k ...
- Submitted Mar 29, 2019|From orbex.com|1 comment
One of the more anticipated data bits from this weekend is scheduled for release early on Sunday. This will be the official PMI data from China. With so much speculation around potential world economic weakness, the first insight into Chinese ...
- Submitted Mar 29, 2019|From orbex.com|1 comment
Until a few months ago, the Canadian economy was firing on all cylinders. The Bank of Canada responded with hiking interest rates while maintaining a hawkish view. But since October last year, the BoC has put a break on the rate hikes. The Bank of ...
- Submitted Mar 28, 2019|From orbex.com
This was far above the expected 1.2 million barrel decline that analysts were looking for. The driver behind the unexpected increase is the disruption caused to movements along the Houston Ship Channel which has slowed exports, keeping inventory ...
- Submitted Mar 28, 2019|From orbex.com|3 comments
The January trade deficit data for the United States showed a decline of 15% with the deficit shrinking from a revised $59.9 billion in December to $51.1. The deficit shrank on lower oil imports and surged in soybean exports. The data reversed the ...
- Submitted Mar 28, 2019|From orbex.com
The US Commerce Department will be releasing the final revised fourth-quarter GDP figures this week on Thursday. Economists polled forecast that the US economic growth will slow to a pace of 2.4% on the quarter. This marks a downward revision, ...
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Orbex commented Mar 27, 2019Hello Aussi and thank you for the comment! It's true that China did commit to invest in improving coal export infrastructure in Venezuela last July, and the Zulia region produces bitumen coal for coking, but the actual improvements haven't been ...
What's Happening With Chinese Trade Restrictions on Australia?
- Submitted Mar 27, 2019|From orbex.com
However, the RBNZ did note that “on the upside, inflation could rise faster if firms pass on cost increases to prices at a greater extent”. The tone of the statement marks a dramatic escalation in dovishness by the RBNZ which had been keeping a more ...
- Submitted Mar 27, 2019|From orbex.com|2 comments
For several months now, there has been press commentary (or perhaps speculation would be a more appropriate description) surrounding China having banned/been in the process of banning coal imports from Australia. This is significant because not only ...
- Submitted Mar 22, 2019|From orbex.com
The yellow metal posted a third consecutive positive week. Gold prices took advantage ofthe initial USD weakness in response to the latest FOMC meeting. The Fed kept rates on hold as expected. The bank noted that growth was lower than expected over ...