Orbex

04:52

Orbex

In today's #marketinsights video recording I analyse #usdjpy and #gbpusd USDJPY affected by: - China announcing ready for a partial deal - Fed Chair not as dovish, and expected to remain the case today - US troops withdrawal from Turkey-Syria borders (perhaps to distract from impeachment inquiry?) But with Thursday's talks resuming and Trump blacklisting Chinese...

04:37

Orbex

In today's #marketinsights video recording I analyse #dxy and #spx Both affected by: - post-NFP flows (seen as positive for now, delaying Fed cut) - Poor ISM last week (numbers affected by tradewars) - Expectations on trade talks (resume on Thursday but looking pessimistic) Stavros Tousios Head of Investment Research Orbex This analysis is provided as general...

Orbex

It looks like the corrective minuette wave ii completed or it's going to complete its bearish course near 1.7156/1.7300. The recent attempt to push prices down brought the pair lower where a subminute ,otive wave can be expected. This would add to validation components that could have minuette iii completed. SHould that effectuates, participants could look at the...

05:12

Orbex

In today's #marketinsights video recording I analyse #GBPUSD and #USDCHF #GBPUSD moves on: - BoJo plan optimism on Commons - BoJo plan falling flat on Good Friday agreement threat - BoJo plan creates new borders, still seen as backstop #USDCHF looking bearish on: - Weak ISM NMI - Increased chances of rate cuts - HIgher fears of recession All eyes on NFP today!...

Orbex Updated 

It looks like the corrective intermediate wave (C) of the corrective bearish Primary wave 5 ended at 115.87. As part of Cycle b, or 2, we can now expect prices to move higher medium and long-term with one of the medium-term upside stops laying at 122.54. The current minute ii correction is likely to end as a zig-zag complex pattern w,x,y with minuette y...

Orbex

It looks like the corrective intermediate wave (C) completed its bearish course at1.1956. The recent attempt to push prices down brought the pair lower where it completed a corrective minor A,B,C at the round 1.22 level. As part of intermediate wave (2), the minor three-wave corrected down to the 61.8% golden ratio of 1.1956 bottom and 1.2588 top at 1.21943 - to...

00:55

Orbex

EURUSD could move a tad higher to complete minor wave 4 near 1.10 before continuing lower. With minuette wave (a) and (b) looking completed we can now expect wave (c) to form and complete the correction. Look for a valid rejection near 1.10! Should prices move above the validation level bulls would gain more control and the projected pattern could break...

04:15

Orbex

In today's #marketinsights video recording I analyse #EURJPY and #GBPCHF #EURJPY looking bullish on: - Expectations of further BoJ easing - Poor JP consumer confidence - Soft BoJ monetary base - Good German PMIs and EA Inflation #GBPCHF looking bearish on: - Expectations of a strong franc - Poor UK construction PMI - Fresh BoJo proposal sentiment Stavros...

Orbex Updated 

It looks like the corrective minute wave y of the minor motive wave C of the corrective W,X,Y zig-zag pattern has a little more room to move further down. Wave y at 0.888 is also the 50% FR of minor B of the second A,B,C zig-zag at 0.8974 and the minute wave v at the market low of 0.8786. The correction could indeed end higher, near the golden ratio where another...

Orbex

It looks like the corrective subminute wave c of minuette wave (ii) might have ended at 1.09425. As part of minute wave 3 of minor wave 3 we can now expect prices to move lower short, medium and longer-term with short-term declines reaching minuette wave (iii) near 1.07836. The current correction is likely to end as a zig-zag pattern a,b,c with subminute wave c...

03:54

Orbex

In today's #marketinsights video recording I analyse #XAUUSDand #WTI #Gold higher on: - 10-year low ISM Manufacturing - North Korea missile firing - Impeachment inquiry pressures - US-Sino trade-war hard stance - Borris Johnson's rejected leaked plans #Crudeoil slide affected by: - US-Sino rhetoric - SA production restoration & Yemen ceasefire - Iran bypassing...

04:59

Orbex

In today's #marketinsights video recording I analyse #EURUSD and #USDJPY #EURUSD weak on: - US-EU potential trade conflict (airbus illegal state aid - WTO depended) - ECB's Germans board member resignation Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive #USDJPY strong on: - Dovish Evans...

Orbex Updated 

It looks like minor wave C (78.500) of the intermediate wave 2 of the corrective A,B,C zig-zag pattern has ended. The correction started off at intermediate wave 1 (85.23) and ended at the 88.6% FR, marking a correction low at 78.38. Although minor wave C ending near the 100% FE of the A, B triangulation makes wave C structure a tad weak, the impulsive motive...

04:58

Orbex

In today's #marketinsights video recording I analyse #EURGBP and #USDRY #EURO and #POUND pressured from Stronger DOLLAR: - Following Trump transcript release - Partial deal with Japan - Close US-Sino deal Trump comment - ECB's Germans board member quitting #EURO also pressured from: - Spanish PPI - US-EU tensions - EU-UK tensions #POUND also pressured from: -...

05:27

Orbex

In today's #marketinsights video recording I analyse #XAUUSD and #WTI #Godl and #Crude on the move: - Official inquiry for Trump's impeachment - Trump's UN nationalist-heavy speech - Disappointing Consumer Confidence - UK's PM illegal prorogation Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does...

Orbex Updated 

It looks like intermediate waves W (1.7563) and X (1.85) of the corrective zig-zag pattern have completed their journey. The corrective intermediate wave X wave ended with a complex combination at a round resistance and between the 61.8FR and 78.6FR of the intermediate wave W Intermediate W printed a minor a,b,c that most likely ended the first part of the...

Orbex Updated 

It looks like the primary W,X,Y zig-zag wave ended the longer-term bearish cycle correction starting on February 2018. Minor 5 of Primary Y wave ended with a diagonal triangle at 1.09275 level, which is the 1.618% FE of the 1.14-1.12-1.128 triangulation. Since prices broke outside the top of the triangle pattern and remained trading with a bullish rather than...

Orbex Updated 

It looks like the primary W,X,Y wave ended by the 66.34 low and now an impulsive, motive wave is starting, supporting the longer-term bullish cycle. Primary Y wave reminds a zig-zag correction, and since the 2.618 FE of minor A,B was reached at 67.336 (with a false break just below at 66.34), chances of this turning and remaining bullish increase. We could...