Submitted Feb 13, 2019|From orbex.com

The USD eased back on Tuesday as investors grew cautious about the U.S. and China trade talks which entered the second day. The parties are focusing on producing an outline for the agreement which could be then signed off by the respective leaders. ...

Submitted Feb 11, 2019|From orbex.com|1 comment

Despite the dovish shift at the Fed’s first policy meeting of the year, which weighs on USD, a resurgence in concerns regarding US / China trade relations sees the USD strengthen sharply on still inflow. EUR, meanwhile, remains under pressure as ...

Submitted Feb 7, 2019|From orbex.com

Coming up on Friday, if you are in Europe, or Thursday if you are in the Americas, we have two bits of important data that may have an impact on the JPY and its respective pairs. With most of Asia closed for the Lunar New Year, a corresponding drop ...

Submitted Feb 7, 2019|From orbex.com

Disappointingly for bulls, crude oil prices were softer this week as the latest industry data showed yet another build in inventories. Sitting at just over 447 million barrels, US crude stockpiles are now around 6% higher than the five-year average ...

Submitted Feb 7, 2019|From orbex.com

If you are busy trading the currency markets for a while, the chances are that you are used to the fluctuations in the rate between two currencies. Usually, these exchange rate fluctuations happen due to the open markets. An exchange rate or a ...

Submitted Feb 6, 2019|From orbex.com

We could have some volatility in NZD pairs coming up on Wednesday at 20:45 CET (or 14:45 CET) with the release of a series of unemployment data out of New Zealand. The key number the markets look at is employment change. Employment trends in New ...

Submitted Jan 30, 2019|From orbex.com

The economic data on the day was sparse. Spain’s unemployment rate fell slightly to 14.5% which was better than the forecasts of 14.6%. The NY trading session showed that the U.S. consumer confidence index fell to 120.0, below forecasts of 125.0 and ...

Submitted Jan 29, 2019|From orbex.com

The market is bracing itself for the FOMC rate decision on Wednesday, with light trading volume expected until then. In line with recent Fed commentary, the market is expecting policy to remain unchanged along with a more cautious tone. Fed chairman ...

Submitted Jan 25, 2019|From orbex.com

Perhaps the most basic fundamental analysis of a currency pair relates to international commerce. After all, the reason a person would need a foreign currency is to buy something in that foreign country, and vice versa. Of course in the era of ...

Submitted Jan 24, 2019|From orbex.com

The economic data during the European trading session was relatively quiet yesterday. The NY trading session saw the release of Canada’s retail sales report. Core retail sales fell 0.6% on the month which was worse than forecasts of a 0.4% decline. ...

Submitted Jan 22, 2019|From orbex.com

The British pound posted modest gains on the day after it became evident that the UK government was pursuing a plan B. The details include amending the Irish border backstop arrangement as well. On the economic front data from Germany showed that ...

Submitted Jan 21, 2019|From orbex.com|2 comments

According to the economic schedule, we are supposed to get the release of key housing data tomorrow, including housing starts, building permits and existing home sales. However, we will only be getting the last of those, because of the government ...

Submitted Jan 21, 2019|From orbex.com

The U.S. Dollar posted strong gains on the day on news that China had proposed a 6-year increase of U.S. goods imports as part of the trade talks. Economic data from the U.S. was relatively quiet. The industrial production figures showed a 0.3% ...

Submitted Jan 18, 2019|From orbex.com

We previously wrote about the importance of earnings season to the financial markets and how it influences currency moves. Now that earnings season is ramping up for the fourth quarter let’s have a look at what major investors are considering, and ...

Submitted Jan 17, 2019|From orbex.com

Crude oil prices were able to recover initial losses this week as the latest data from the Energy Information Administration showed a larger than forecast draw in stockpiles. Following the protracted period of excessive inventory builds last year, ...

Submitted Jan 9, 2019|From orbex.com

The FOMC meeting minutes will be released this week on Wednesday. The minutes cover the Fed monetary policy meeting from late December. The central bank hiked interest rates by a quarter point bringing the Fed funds rates from 2.25% to 2.50%. The ...

Submitted Jan 7, 2019|From orbex.com

Australia’s trade balance data is one of the five monthly events that routinely pushes the currency, but lately, it has been developing into the trendsetter. Data for the month of December is expected to be released at 19:30 EST (or 01:30 tomorrow ...

Submitted Jan 7, 2019|From orbex.com

US crude oil inventories have started the year on a positive footing as the first industry data of the year has highlighted little change in stockpiles. The report from the EIA also showed US gasoline inventories having risen by 6.9 million barrels ...

Submitted Jan 4, 2019|From orbex.com

The yellow metal had another bumper session this week, trading up to levels not seen since mid-2018, as the US Dollar weakened further. Despite the Fed having raised rates for a fourth time in 2018 at its last meeting in December, gold prices have ...

Submitted Jan 3, 2019|From orbex.com

The markets saw a lot of developments from the UK as Brexit dominated the headlines. While there was some optimism about the UK and the EU agreeing to a draft deal, things broke down subsequently. With the UK parliament already willing to vote down ...