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- Submitted Dec 5, 2022|From orbex.com|1 comment
For over a month now, gold prices have been trending higher, gaining over 10% since the start of November. Naturally this poses the question of whether a new peak is coming, or will the precious metal keep moving up through next year. The prospect ...
- Submitted Nov 29, 2022|From orbex.com
Tomorrow we get our first look at this month’s inflation figures from the EuroZone. This data is critical for the shared currency because this is the data that the ECB will have when going into its interest rate decision two-and-a-half weeks from ...
- Submitted Nov 16, 2022|From orbex.com
The AUDUSD has been trending higher for about a month at this point, but a substantial amount of that could be attributed to events outside of Australia. The latest data releases give reasons to expect a stronger Aussie, but the actions from the RBA ...
- Submitted Nov 15, 2022|From orbex.com
With all the focus on G20 and COP27, many European leaders have been out of the continent. News has been relatively sparse, which has allowed the shared currency to drift higher. In the last couple of weeks, it made a couple of runs at parity before ...
- Submitted Nov 10, 2022|From orbex.com
Two days after the close of the polls in the US, and officially which party has won control of the Congress is still not known. However, given the trends and projections, the results are pretty much in line with what was expected. That is: ...
- Submitted Nov 9, 2022|From orbex.com
After warning for a few months that the UK was heading towards a recession, after the last meeting it came out and said that the recession had arrived. Of course, the data hasn’t been out to show it, yet. Since the technical definition of a ...
- Submitted Nov 7, 2022|From orbex.com
We all know the US is the world’s largest economy. It represents 24% of global GDP. But its influence on global financial markets is even bigger. The US equities market is $44.7T, or 48% of the global total. Almost half of the world’s financial ...
- Submitted Oct 6, 2022|From orbex.com
Non-farm Payrolls in the US are expected to come in above “normal” once again. That would affirm the notion that the US employment situation remains “hot”, and that the Fed can focus on getting inflation down. The total number of people employed in ...
- Submitted Oct 5, 2022|From orbex.com
In the last couple of days, the Euro has been drifting higher, back towards parity. It comes at a somewhat curious juncture, considering the context in the UK. Though, it should be pointed out that yesterday markets jumped higher on expectations ...
- Submitted Oct 3, 2022|From orbex.com
Normally, higher rates would be seen as good for the banking sector. So there is understandably some concern about the financial markets since Australian banking shares are down considerably despite a broad consensus that the RBA will raise rates ...
- Submitted Sep 28, 2022|From orbex.com
The current Gold chart shows a large correction pattern which takes the form of a cycle triple zigzag. The last section of the chart shows the structure of the bearish cycle intervening wave x. This looks completed in the form of a primary triple ...
- Submitted Sep 23, 2022|From orbex.com
Italy goes to the polls on Sunday, with results expected through the course of the morning of Monday. Polls are showing a pretty strong lead for Brothers of Italy leader Meloni, so it’s unlikely there will be a surprise with the electoral outcome. ...
- Submitted Sep 19, 2022|From orbex.com
The BOC has taken an even more aggressive rate hike route than the Fed, giving the CAD the fastest rising rate of the majors. This didn’t stop the meteoric rise in inflation that most developed countries have been seeing this year, although not as ...
- Submitted Sep 16, 2022|From orbex.com
At the start of next week there are two Far East data points that are important to talk about more from a perspective of technicalities. That is, they aren’t expected to cause an immediate move in the currency markets, but do provide some important ...
- Submitted Sep 14, 2022|From orbex.com
Jobs figures are back in focus in Australia following some interesting comments from RBA Governor Lowe a few days back. Of course the RBA doesn’t care about the employment situation directly. But the theory is that jobs support consumer demand, ...
- Submitted Sep 8, 2022|From orbex.com
Earlier this week, the PBOC made a “surprise” announcement cutting the reserve requirement ratio (RRR) for banks. The “surprise” is in quotes, because even though it wasn’t pre-announced, the economic situation was such that a lot of analysts were ...
- Submitted Sep 7, 2022|From orbex.com
In general terms, the economic policy of the UK under the new government is expected to remain very similar. For example, the new Chancellor Kwasi Kwarteng might have had differences in public image with former chancellor Sunak, but in practice, ...
- Submitted Sep 5, 2022|From orbex.com
The sales pitch for gold is that it’s a hedge against inflation, because it doesn’t lose its value. It is a real commodity, unlike fiat currency. Yet, as inflation has skyrocketed around the globe this year, the price of gold has not. In fact, after ...
- Submitted Aug 30, 2022|From orbex.com
XAGUSD seems to be forming a correction wave b of the cycle degree, which is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it have ended and now we see the construction of the final wave Ⓩ. Most likely, the wave Ⓩ will be an ...
- Submitted Aug 26, 2022|From orbex.com
As we all know, both the US and Europe (to include the UK along with the EU) are experiencing high inflation. However, how this impacts employees is very different. Employees constitute the bulk of consumers, and therefore drive the economy. The ...