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- Submitted Mar 21, 2019|From orbex.com
Crude oil prices this week traded up to their highest level since November 2018. The key driver behind the move was the latest set of industry data which showed a further reduction in stockpiles. US Crude Exports Near All-Time Highs The overall ...
- Submitted Mar 20, 2019|From orbex.com
Coming up in the Asian session, we could have some volatility in AUD pairs with the simultaneous release of several key labor statistics from Australia. After a couple of speeches by members of the RBA, we get our big data release of the week. And, ...
- Submitted Mar 18, 2019|From orbex.com
There are two major events this week that could generate some movement CHF pairs. The second most important, though probably most volatility-inducing, is scheduled for early tomorrow morning. This will be the release of last month’s trade balance. ...
- Submitted Mar 15, 2019|From orbex.com
The yellow metal enjoyed another positive session this week. Gold extended the shallow recovery from last week as the US Dollar continued its sell-off. The greenback was shunted lower this week in response to the latest inflation data which came in ...
- Submitted Mar 14, 2019|From orbex.com
Crude oil prices were boosted this week in response to the latest industry data which showed a reduction in stockpiles. The weekly Energy Information Administration report showed that in the week ending March 8th, US crude inventories fell by 3.9 ...
- Submitted Mar 14, 2019|From orbex.com
The UK parliament rejected a no-deal Brexit on Thursday evening. This leads to speculation that the UK might formally ask the EU for an extension to the March 29 Brexit deadline, putting further uncertainty into the UK’s exit from the EU. However, ...
- Submitted Mar 13, 2019|From orbex.com
Early tomorrow we have the release of the only major event on the economic calendar for Switzerland this week. Data for the Alpine nation has been coming in line with expectations lately. But, with the economy just barely in growth territory and ...
- Submitted Mar 5, 2019|From orbex.com
The Bank of Canada will be holding its monetary policy meeting this week. Given the recent patch of economic data, it is unlikely that the central bank will be pushing for rate hikes. The OIS money markets are also signaling no change to the BoC’s ...
- Submitted Mar 1, 2019|From orbex.com
As traders know, in economic terms, Australia and New Zealand are connected at the hip. It’s not uncommon for economic issues to hop across the Tasman Sea, usually from west to east. Given the ongoing housing issues affecting Australia, it’s ...
- Submitted Feb 27, 2019|From orbex.com|1 comment
With the host of economic data coming out on the last day of the month, we shouldn’t overlook the potential for volatility in CHF pairs. The volatility could potentially ensue due to the release of last quarters’ GDP data. And from the projections, ...
- Submitted Feb 25, 2019|From orbex.com
Can we expect another trade surplus for New Zealand, or will the trade balance return to its trend? Either way, it won’t be surprising if we get some volatility in NZD pairs with this data release happening overnight on Tuesday. So, let’s go over ...
- Submitted Feb 25, 2019|From orbex.com
The U.S. dollar attempted to hold the gains but closely slightly bullish. Economic data showed that inflation from the Eurozone confirmed at 1.4% on the year in January. The final core inflation rate met 1.1% as per the preliminary flash estimates. ...
- Submitted Feb 22, 2019|From orbex.com
The economic calendar for next week gets an early start with key data from New Zealand during the Sunday Asian session. This data release gets extra attention because it’s a data setthat we would typically expect to receive monthly. However, in New ...
- Submitted Feb 22, 2019|From orbex.com
The yellow metal saw volatile trading this week. After initially trading up to its highest level since April 2018, gold prices then catapulted back lower. This came following the release of the FOMC meeting minutes which saw traders taking profit on ...
- Submitted Feb 21, 2019|From orbex.com
The yellow metal has exploded higher over the last 12 hours as a combination of factors joined forces to fuel a surge in demand. Firstly, there is increased uncertainty within the UK political landscape. Three members of the ruling Conservative ...
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Orbex commented Feb 21, 2019Interesting to read the comments on this article, seems we have a classic case of conflicting time frame analysis! GBP has indeed retraced some of yesterday’s explosive move. Developments within the Prime Minister’s own party (the defecting of 3 of ...
GBP Surges Higher On Hopes Of Irish Backstop Solution
- Submitted Feb 20, 2019|From orbex.com|9 comments
If May is successful in her talks with Juncker today, the amendments to the deal could be ratified by the EU at an EU-Arab summit being held in Egypt this weekend. After breaking back below the upper trendline of the falling wedge pattern last week, ...
- Submitted Feb 18, 2019|From orbex.com|1 comment
The U.S. dollar was seen easing back after briefly rising to a two month high. Economic data on the day was dominated by news about President Trump declaring a national emergency to fund the building of the border wall with Mexico. The markets ...
- Submitted Feb 18, 2019|From orbex.com
Oil traders have been treated to an interesting start to the week as crude traded up to fresh 2019 highs. The driver behind the move is the increased sense of optimism around ongoing US/China trade talks. Following a further round of negotiations in ...
- Submitted Feb 15, 2019|From orbex.com
There could be some volatility in currency markets at the end of the trading session with the release of a series of second-tier economic data out of the US, the last significant bits of information for the markets ahead of the extended weekend (a ...