James Harte, Author at Orbex Forex Trading Blog

With over 6 years’ experience analysing currency markets, James is now a well-known industry analyst focusing on price action trading and fundamental drivers. Beginning as a private retail trader, James developed a strong interest in understanding the fundamental aspect of the market before pursuing technical trading capabilities which he now uses to identify opportunities over a short-term horizon. Alongside his market experience, James is also IMC certified having achieved the qualification to help further his understanding not only of the markets but the industry as a whole. James has a strong interest in both fundamentals and technicals and uses both forms of analysis in generating and executing trade ideas, with trades generally lasting from a few hours to a few days.


Weekly Commodities Wrap: Metals Rally On China Rate Cut

Gold Despite slightly higher US yields, gold prices were higher this week as on-going trade tensions between the US and China have kept the US Dollar penned in. Markets had been hopeful of calmer trading given the Chinese President Xi’s recent speech at the Bao forum, in which he said that the country would be more open regarding trade policies...

2018-04-19 Read more

CAD Falls As BOC Highlights Rate Hike Headwinds

As widely expected, the Bank of Canada kept its headline cash rate unchanged at this month’s meeting with an accompanying statement that somewhat dampened bulls’ expectations. The BOC noted that its decision is “consistent with an economy operating with little slack”. Regarding inflation, the bank said that it sees total inflation hitting 2.3% t...

2018-04-19 Read more

UK Inflation Falls Again But Firm Wage Growth Keeps BOE on Track For A Rate Hike

UK inflation has undershot expectations for the second consecutive month with core inflation printing 2.3% in March vs 2.5% expected and headline inflation printing 2.5% vs 2.7% expected. However, a portion of the latest declines can be explained away by unique events such as the fall in airfares which came despite the early Easter. Furthermore,...

2018-04-19 Read more

Trump Trade War: China Signals Concessions But Trump Threatens Further Action

One of the key topics that has been moving markets over recent weeks is the “Trump Trade War” between the US and China. Following Trump’s announcement around a month ago that he would be imposing trade tariffs of around $60bln, markets were rocked as China responded in kind by announcing its own 25% import tariffs on select US goods, totalling a...

2018-04-19 Read more

AUDUSD Pops As RBA Minutes Show Board In Favour of Rate Rise As The Next Move

Meeting Minutes Bring Surprise With the RBA having kept rates unchanged for 18 consecutive policy meetings, marking the longest stretch that rates have remained static in the bank’s history, the release of the latest RBA meeting minutes were not expected to deliver any new information. However, the April RBA minutes show board in favour of Rate...

2018-04-19 Read more

FX COT Update: Investors Continue To Buy Up GBP In Anticipation of BOE Rate Rise

EURUSD Non-Commercials increased their net long positions in the Euro last night buying a further 13k contracts to take the total position to 147k contracts. EUR long positioning is now back up to its highest levels of the year as the market readies itself for ECB monetary policy normalisation. Recent data has caused some market players to ...

2018-04-18 Read more

USD Lower As FOMC Minutes Highlight Concerns Around Trade Wars

While the Fed has confirmed its commitment to normalising monetary policy, the US Dollar traded lower in response to the release of the latest FOMC meeting minutes which revealed concerns among the rate setting committee. Members of the Federal Reserve Board highlighted their concerns about the potential impact of a global trade war, specificall...

2018-04-16 Read more

Weekly Commodities Report: Concerns Around Trade Wars And Syria Tensions Fuel Safe Haven Demand in Gold

Gold: Geopolitical Concerns Fuel Safe Haven Demand Gold prices rallied this week as the market saw a strong influx in safe haven demand due to rising geopolitical uncertainty. The escalation in tensions between the US and China due to Trump’s protectionist import tariffs and Beijing’s subsequent reciprocation has been a key focal point for mark...

2018-04-16 Read more

FX COT Update: Institutions Turn Net Short JPY For The First Time Since 2016

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 7k contracts to take the total position to 134k contracts. This latest reduction in Euro long exposure comes despite the ECB recently confirming that it has now shifted away from the easing bias that has been in place since the global financial crisis. Due to ...

2018-04-13 Read more

US China Trade War Worsens As Trump Announces Possibility of Further Import Tariffs

Global risk sentiment remains on shaky ground this week as the US China trade war continues to intensify. Following the US President’s announcement of import tariffs and investment restrictions for China worth around $60 billion, Beijing responded this week by announcing its own 25% import tariffs on US goods worth around $50 billion, including ...

2018-04-13 Read more

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