Submitted Aug 28, 2023|From orbex.com|9 comments

The much-anticipated gathering of central bank heads in Jackson Hole, Wyoming, is over, and the markets are expected to embark on a new trajectory. The event didn’t have any major surprises, unlike previous editions, but there was plenty to shake up ...

Submitted Aug 17, 2023|From orbex.com|2 comments

Markets have been rattled this week by a series of news events coming out of China. On top of a series of disappointing economic figures, there have also been a resurgence in worries about the housing industry. China’s financial system is ...

Submitted Aug 14, 2023|From orbex.com

There is a trove of data from the UK coming out this week, with two key data points that could be pivotal for determining how much the BOE will hike at its next meeting. After the GDP figures reported last week were better than expected, the ...

Submitted Aug 10, 2023|From orbex.com

The consensus among analysts is that the UK will have managed to scrape out a very small amount of growth in the second quarter. Tomorrow sees the publication of the preliminary version of the data, which could be subject to revisions later. The ...

Submitted Aug 9, 2023|From orbex.com|1 comment

For so many countries, getting inflation down has been a real challenge. So, a bit of deflation might be seen as a good thing. But the opposite of inflation is also a problem for an economy. And the existence of deflation in a period when the ...

Submitted Jul 19, 2023|From orbex.com|3 comments

Japan will release some key data over the coming days that could provide some directionality for the JPY. The yen hasn’t been acting all that “normally” recently, as traders hang on comments from Japanese officials that might indicate intervention ...

Submitted Jul 11, 2023|From orbex.com

The consensus among economists is that inflation in the US fell dramatically last month. But that might not be enough to convince the Fed to desist from a rate hike later this month. The forecast also sees core inflation remaining high. The dollar ...

Submitted Jul 6, 2023|From orbex.com

Economists are more optimistic about how many jobs were created in the US last month. But, that might be an over-correction from consistently underestimating the resilience of the labor market this year. But, there are other factors that make ...

Submitted Jul 5, 2023|From orbex.com

The jobs numbers from Canada are typically overshadowed by the NFP data for the US that comes out at the same time. But, given the context of what’s been happening in Canada lately, the employment figures could shake up expectations for the BOC. The ...

Submitted Jul 4, 2023|From orbex.com

Investors are going to be looking for some clarifications out of the minutes from the last FOMC meeting. The market and the Fed are at odds about the future of rate hikes. More importantly for how the dollar behaves, there is considerable ...

Submitted Jul 1, 2023|From orbex.com

Next will have a complicated start. The US will have a shortened trading session on Monday, and then be closed on Tuesday for Independence Day. Canada Day is on Monday, as well. Many traders will take Monday off as part of an extended weekend, ...

Submitted Jun 28, 2023|From orbex.com|2 comments

Overnight, the USDJPY rose to the 144 handle which it hadn’t seen since November of last year. This new weak point in the Japanese currency is just the latest in a long trend that has been going on since April. That’s when markets came to the ...

Submitted Jun 23, 2023|From orbex.com|2 comments

Earlier this week, the Canadian dollar hit a 9-month high, as the USDCAD continued to drift lower. This is remarkable additionally because in the same period, the greenback has also been getting stronger. The Loonie has had its own special ...

Submitted Jun 9, 2023|From orbex.com|4 comments

The BOC really shocked markets back on Wednesday when it hiked rates by 25bps. Pretty much everyone was expecting it to be a non-event. Given Canada’s unique position, the move impacted how many analysts viewed central banks around the world. The ...

Submitted Jun 7, 2023|From orbex.com

In the long term, XAGUSD is forming a corrective trend consisting of cycle waves w-x-y-x-z. At the moment we see the construction of an intervening wave x. This takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree. The primary wave Ⓩ is ...

Submitted May 31, 2023|From orbex.com

WTI crude prices once again broke below the $70/bbl mark. This time, it closed below that level for the first time in nearly a month. After the US close, a brief rally was cut short by China PMI’s. This comes ahead of the pivotal OPEC+ meeting that ...

Submitted May 26, 2023|From orbex.com

USDJPY tests critical 140.00 level as BOJ hints at potential policy shift. Japanese government signals resistance to yen depreciation. apan policy makers have had both good and bad news recently. The Nikkei blue chip stock index has returned to ...

Submitted May 19, 2023|From orbex.com

This week, the yuan broke above the 7.0000 handle against the dollar and continued to rise. Generally, the Chinese currency isn’t a popular trade because it’s officially kept within a trading band. The government allowed that band to drift above the ...

Submitted May 18, 2023|From orbex.com

BOJ Governor Kazuo Ueda has repeatedly said that there are no changes to monetary policy planned for now, but the data line up is showing a different picture. The BOJ announced it was conducting a review of monetary policy, which isn’t expected to ...