Orbex

Orbex Updated 

I am not certain whether the current structure on the AUDUSD structure is corrective or not. Fibo levels suggest it is, but this could be easily invalidated. It is a minor 5 down to 0.6676 and either a a) reversal, where an impulse 5-wave move is going to take place, or a b) correction that is going to complete intermediate wave 4 and head lower near 0.66 -(100%...

Orbex Updated 

I turned bearish on XAGUSD since prices broke above the psychological multiyear triangle (15.56 intersection). With Primary 3 well out the way and Intermediate A seem completed we are now looking at our options with respect to the deepness of the current reactionary structure. Since we are moving within motive intermediate B, hence looking for a potential...

Orbex Updated 

I have been bearish on GBPUSD since prices broke below the psychological $1.30 barrier. The current minute structure suggests that corrective wave b is underway since minuette wave (v) ended. b minute could be either an a,b,c or a w,x,y, however likely to pullback down to 1.2121/2171 Fibonacci zone. The upside potential could be limited to 1.2644, which is the...

05:03

Orbex

In today's #marketinsights video recording I analyse EURUSD, USDJPY and GBPUSD #Euro down on: - Disappointing German Manufacturing PMI (actual 41.4 vs expected 44.1 vs previous 43.5) - ECB could have made a mistake talking somewhat 'neutral' - Draghi's speech hinted to high uncertainty, decision-making harder and harder #Yen down on: - Disappointing Japanese...

04:24

Orbex

In today's #marketinsights video recording I analyse the US Index and S&P 500 What affects #DXY and #SPX: - China cancels a visit to US farms - Trump says no need for trade deal before 2020 elections, in response to Chinese cancelation - US President also says won't do a partial deal, only complete deal - Fed rate cut - Dovish banks Stavros Tousios Head of...

05:35

Orbex

In today's #marketinsights video recording I analyse #USDCAD and #USDCHF #CAD Supported by: - By Drone Attack and #WTI surge - Weaker Dollar #CHF Supported by: - Weaker Dollar - Safe-haven flows on tradewar headlines *Should be weaker following #SNB's downward inflation outlook revision Stavros Tousios Head of Investment Research Orbex This analysis is...

03:53

Orbex

In today's #marketinsights video recording I analyse #GBPJPY and #USDMXN! #Pound Remains Solid: - MPs support 3-month extension - Monthly CPI rise not as expected, but improved #Yen Likely to Weaken: - BoJ held rates unchanged but acknowledged increasing risks - Ultraloose policy to be re-examined at October meeting #MXN Supported By Fed: - Emerging...

04:18

Orbex

In today's #marketinsights video recording I analyse #WTI #OIL and #GOLD! #Crude oil fell: - Saudi Arabia announced attacked facilities will be fully operational by the end of month - Analysts expectations of an API draw disappointed with a build, instead of a draw #XAUUSD muted: - All eyes shift on FOMC and Fed's forward guidance, waiting patiently to receive...

04:05

Orbex

In today's #marketinsights video recording I analyse #fxmajors #audusd, #gbpusd and #eurusd. They are all under pressure for different reasons: EURUSD - ECB's Lane dovish on ECB's inflation target - Italian CPI weakening GBPUSD - BoJo goes to Brussels empty-handed - Brussels not sure if extension will help AUDUSD - RBA reveals plans to cut more if necessary -...

04:38

Orbex

In today's #marketinsights video recording I analyse DXY and SXP! Equities look bullish and the US index bearish, from a technical perspective. On the (geo)-political front their prices are and could remain being affected by: - A somewhat dovish?! Fed - BoE and Brexit (BoJo visits EU today for talks!) - SA attack and expectations on reduced oil production -...

03:20

Orbex

In today's #marketinsights video recording I analyse EURUSD and USDJPY! Euro, dragged lower by the reinstation of the QE programme, was able to reverse post-ECB losses on the back of: - Limited rate cut compared to markets expectations (only 10 basis points) - Draghi's call on governments for fiscal stimulus (supporting EA economies?) - Widening yield...

Orbex Updated 

I have been bearish on AUDCAD since April 17 turn... My view remains intact as long as prices remain below 0.94. First signs to appear near 0.92. The current minute structure suggests that wave 5 is underway, with minuette wave (y) currently in play in the form of a bearish rising wedge . Should the triangle pattern end up higher or reverse at the top triangle...

04:55

Orbex

In today's #marketinsights video recording I analyse EURJPY and USDMXN! Euro, although affected by expectations that ECB will not only cut but probably also QE, is trading relatively firm against a weaker yen. BoJ's ease seems to be taken to heart compared to ECB's as Japan is ultraloose already! The Mexican Peso, on the other hand, seems affected by...

Orbex Updated 

I have been bearish on USDJPY for a while now... My view remains intact as long as prices trade below 108.16. The current minuette structure suggests an expanded flat is underway, with wave (y) currently in play in the form of a bearish wedge. Should the triangle pattern end up higher, the structure will be completed and prices could start turning lower. That...

Orbex Updated 

Although I have been bearish on crude oil over the past few months, the recent replacement of Saudi Arabia's energy minister makes me think we are likely to start nudging higher here? From a technical perspective we still look bearish in the long-term (as part of Supercycle 4), but medium-term this could go higher with a 5-wave intermediate move (Primary 2 seems...

03:56

Orbex

I have been bullish on Gold but the current structure is not yet clear. We could see a wave 2 completion and then go for wave 3, or that was it - the multiyear record high ended with a B correction neat $1560 and we now expect wave C to take place. I lean towards the formed scenario. What's your take? Geo-Politics likely to positively affect gold: - US-Sino...

04:48

Orbex

In today’s #marketinsights video recording I analyse EURUSD, GBPUSD, and USDJPY as FX majors seem supported not only by politics but also by economic data and fresh policy sentiment. Economic data: - German Exports delivered a positive balance (0.7% vs -0.1%) - UK's GDP reported better than expected numbers (0.3% vs 0% m/m) - US Consumer Borrowing in the US rose...