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- Submitted May 29, 2024|From orbex.com

Today marked the start of the two-day process in which the EuroZone updates the markets on its April inflation reading. The final number will be available on Friday, after major countries have reported their own versions. Typically, by then there is ...
- Submitted May 21, 2024|From orbex.com

There will be a lot of attention on tomorrow’s release of the FOMC Minutes, even though not much happened then. Essentially, the last time around, the Fed simply punted the decision forward by a month. That was after three months in which headline ...
- Submitted May 15, 2024|From orbex.com

It seems like the BOJ just can’t get a break. he yen continues to weaken as carry traders don’t believe the central bank has the determination to effectively knock it down, impacting the USD/JPY exchange rate. And then the data releases are aligning ...
- Submitted May 8, 2024|From orbex.com

Gold remains intact after briefly falling below the psychological 2300 level. On the chart, the price seeks to consolidate after a $30 whipsaw swing, which saw a recent high at 2325. Zooming into the hourly chart, a drop below the first support 2280 ...
- Submitted May 7, 2024|From orbex.com|4 comments

The dollar has been on the retreat since last Wednesday’s Fed meeting, without much in the way of data this week to give it fundamental support. Realistically, the turn to the downside for the dollar happened after Friday’s weaker than expected jobs ...
- Submitted May 6, 2024|From orbex.com

Ahead of tomorrow’s rate decision by the Reserve Bank of Australia, the dollar from down under has been getting stronger. Of course it was aided a bit last Friday by some weakness in the greenback after the disappointing jobs numbers. But the ...
- Submitted Apr 8, 2024|From orbex.com

The New Zealand central bank meets on Wednesday, at the tail end of the recent cycle of policy meetings in which the tone has generally been to hold on for one more month. It seems that trend will continue with the RBNZ rate meeting as well. ...
- Submitted Feb 5, 2024|From orbex.com

There is a saying among equity traders: “As goes January, so does the year.” Meaning that if stock markets rise in January, typically the rest of the year will be positive. And vice versa. This is known as the “January Barometer”. So, given the ...
- Submitted Nov 17, 2023|From orbex.com|1 comment

Next week, there are relatively few of the typically major economic events that could shift the dollar. But, the unusual circumstances the US is in means that there is another event that could push the greenback around. And the currency is likely to ...
- Submitted Nov 15, 2023|From orbex.com|1 comment

The USDJPY is back in the 150 range, after a dramatic reversal from where it nearly touched the 150 handle. But it wasn’t thanks to anything the BOJ or Japanese authorities did. It’s just that the dollar got weaker even faster, thanks to US CPI ...
- Submitted Nov 13, 2023|From orbex.com|1 comment

Last week, Fed Chair Jerome Powell surprised the markets a bit by insisting that the FOMC was not confident it had done enough to bring inflation down. This saw yields in US treasuries jumping higher and the dollar gaining strength. Most of the ...
- Submitted Nov 3, 2023|From orbex.com|6 comments

The Yen got a boost yesterday after press reports suggested that the BOJ was moving towards ending its ultra-easing policy. But, it’s not surprising that many traders were a bit skeptical. It’s not the first time that the media had reported plans to ...
- Submitted Oct 20, 2023|From orbex.com

This week showed two important indicators that the energy supply sector in the world is under stress. On Monday, spot TTF jumped to the highest level since the winter. TTF is the trading code for the benchmark price of European natural gas. This was ...
- Submitted Oct 19, 2023|From orbex.com|6 comments

Fed Chair Jerome Powell is expected to speak at the Economic Club of New York later today, and will probably deliver the last substantive comments from a Fed official before the next FOMC meeting. He will have to walk a tightrope as markets are ...
- Submitted Oct 12, 2023|From orbex.com

There has been a lot going on in the world lately to fill up headlines, so that some important things might be slipping through the cracks. That seems to be the case with the rise in US bond yields over the last several months that have come close ...
- Submitted Oct 9, 2023|From orbex.com|4 comments

The recent escalation in the conflict between Israel and Palestinians started on Saturday, when markets were closed. That might have muted some of the impact on traders, as some of the initial fears of a broader conflict in the Middle East have not ...
- Submitted Sep 21, 2023|From orbex.com

After the markets get shaken around by major economic events such as the four largest central banks holding meetings, there is one final major risk event before the weekend. The flash PMIs generally don’t affect one currency in particular as much as ...
- Submitted Sep 18, 2023|From orbex.com

There is a pretty solid consensus that the BOE will hike when it meets on Thursday. But there is a major caveat for those projections: The UK will release its all-important CPI figures the day before the meeting. If inflation is considerably ...
- Submitted Sep 8, 2023|From orbex.com

Tomorrow is the start of the Fed’s pre-rate-decision blackout period, in which members of the FOMC won’t speak to the press. In anticipation of that, a bunch of them have done interviews at the end of this week. Investors have been keenly focused on ...
- Submitted Sep 7, 2023|From orbex.com

There have been two major events recently that typically would have led to bets that the loonie would get stronger. The price of Canada’s main export keeps rising, and the most recent inflation data shows an uptick. Why aren’t investors piling into ...