Submitted Oct 26, 2016|From orbex.com|2 comments

After making a first challenge of the key 51.70 resistance level, Crude Oil prices have since reversed to trade lower over the week. The initial downside was fuelled by reports that Iraq is seeking exemption from any OPEC Oil production cut. Iraq ...

Submitted Oct 24, 2016|From orbex.com|5 comments

Last Thursday, the ECB chairman Mario Draghi again surprised the markets with more confusion. We all know that he is one of the most surprising chairmen of the ECB with his actions and remarks. Yet, Thursday’s remarks added more confusion toward the ...

Submitted Oct 20, 2016|From orbex.com

Crude oil futures contracts rallied to a fresh yearly high yesterday closing at $51.42 a barrel. The gains came for a second consecutive day after the API’s inventory report showed a surprise draw of 3.8 million. Analysts had expected to see a build ...

Submitted Oct 18, 2016|From orbex.com

The release of 3Q Inflation data for New Zealand surprised markets last night with a stronger than expected print of 0.2% QoQ vs. 0% expected. Rate cut expectations continued to build ahead of the meeting with rates markets pricing around an 85% ...

Submitted Oct 13, 2016|From orbex.com|1 comment

Crude oil prices posted three straight weeks of gains reversing off the lows near $43.40 and thus marking the completion of the head and shoulders pattern that the readers were first alerted to back in August. The current rally in oil prices is well ...

Submitted Oct 10, 2016|From orbex.com|2 comments

Non-Commercials increased their net short positions in Sterling last week selling a further 10k contracts to take the total position to SHORT 97.5k contracts. This latest wave of selling in Sterling comes amidst UK PM May’s confirmation that the UK ...

Submitted Oct 6, 2016|From orbex.com

In August, payrolls disappointed with the headline NFP showing the economy adding 151k jobs during the month. It was fewer than the 180k that was expected and was weak compared to July’s print of 275k. While overall, August payrolls were decent the ...

Submitted Oct 3, 2016|From orbex.com

Non-Commercials shifted their bias last week selling 28k contracts to take the total position to SHORT 12k contracts. This dramatic shift in positioning which marks the largest net-selling CAD in four years came ahead of the OPEC meeting as ...

Submitted Sep 27, 2016|From orbex.com

Today marks the start of the Bank of England’s corporate bond purchases with reverses auctions to be held in the energy, industrial, transport, property and financial sectors. The purchases will continue over tomorrow in the communications, consumer ...

Submitted Sep 8, 2016|From orbex.com

Soft business investment has been a consistent challenge for monetary policymakers this year. Fed Chair Janet Yellen noted in June that the decline in capital spending might indicate a desire of firms to expand operations at a slower pace. Indeed, ...

Submitted Sep 6, 2016|From orbex.com

Despite printing below expectations, US Job gains in August have been viewed as firm enough at 151k vs. 180k expected in line with previous comments by Fed officials that the breakeven number for US jobs growth is around 100k, to keep the Fed on ...

Submitted Sep 5, 2016|From orbex.com

Non Commercials increased their net short positions in the Euro selling a further 5k contracts last week taking the total position to SHORT 82k contracts. The resumption of selling in the Euro comes ahead do the European Central Bank’s September ...

Submitted Aug 25, 2016|From orbex.com

The Jackson Hole Symposium is an annual event for central bankers and finance heads from around the world. Many major policy decisions were informally announced here, making it one of the most important events to look forward to. Here's a brief ...

Submitted Aug 4, 2016|From orbex.com|23 comments

The development of trends in FX markets relies on the aggregation of institutional order flow to drive a currency or currency pair in a particular direction. Many new traders often find themselves on the wrong side of these moves and typically spend ...

Submitted Aug 3, 2016|From orbex.com|1 comment

There has been a disturbing dislocation in the relationship between rate moves and price action this year with a slew of central banks suffering hard-to-explain, adverse market reactions. Following the BOJ’s historic move into negative rates this ...

Submitted Aug 2, 2016|From orbex.com|3 comments

Whilst traders were cautiously optimistic ahead of last week’s July FOMC meeting, hoping for signals that a rate hike in coming months might still happen, it was actually US data that drove the action and took the air out of the USD balloon.The Fed ...

Submitted Aug 1, 2016|From orbex.com

The US dollar sold off on Friday as the ICE Futures US dollar index fell to 95.52. The greenback was beaten by the BoJ’s easing which was greatly short of what the markets were expecting and followed by the Q2 GDP print which showed that the US ...

Submitted Jul 29, 2016|From orbex.com

Among the endless stream of economic events hitting wires each month there are a few key events that tend to dominate the action and among those central bank rate decisions are arguably the most important. However, trading these events can be tricky ...

Submitted Jul 25, 2016|From orbex.com

The markets are set for another showdown with the Bank of Japan this week as the central bank meets on July 29, Friday for its monetary policy meeting. The dollar has posted steady gains since the past few weeks led by series of developments, both ...

Submitted Jul 13, 2016|From orbex.com|2 comments

Gold prices staged an impressive rally last week touching highs of 1375.29 on 6th July. The gains came as market sentiment briefly soured pushing investors to bid up the price of precious metal. As gold surged to a 2-year high, price has started to ...