2023

Tomorrow has a trove of data that could change some of the outlook for what the ECB might do at its next meeting. In anticipation of the figures for the whole of the Eurozone to be released next week, both France and Germany provide advance…
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Join the first webinar of the Orbex Exclusive Trading Masterclass series: “How to Trade the Financial Markets” with leading industry expert Daniel John Grady.   Register to join our live webinar on Thursday, May 4th, 2023, at 12pm GMT…
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In the long term, AUDUSD seems to be forming a large cycle correction b. This correction has the structure of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. Inside the actionary wave Ⓨ, two parts can be completed, i.e., the impulse (A) and the…
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USDCHF grinds recent bottom The US dollar struggles as lacklustre capital goods orders suggest an economic slowdown. The pair is in a precarious situation with tentative breaks below the recent bottom at 0.8860. The bears may see a…
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Since it's the first policy decision under new management, there is a lot of attention on the upcoming BOJ meeting. The consensus among analysts and economists is that there won't be any change in policy. But traders will be keen to see…
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In the long term, the USDJPY pair could form a bearish trend. Most likely, the trend takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final wave Ⓧ is a double zigzag consisting of intermediate sub-waves (W)-(X)-(Y). At the time of…
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EURUSD hits resistance The US dollar clawed back losses with robust new home sales in March. The price is still trying to hold on to recent gains after rallying above this year’s high of 1.1000. A drop below the closest support at…
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Thursday will be the biggest day for the markets this week with the concurrent release of two key data points. The US reports flash Q1 GDP, expected at 2.3% compared to 2.6% prior. Alongside that is the release of Core PCE prices for Q1,…
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