Forex Trading Blog and Market Insights

Bank of Canada hikes rates and leaves room for more rate hikes

Orbex Jul 19, 2018 517 2

The Bank of Canada was seen hiking interest rates at its monetary policy meeting on Wednesday in what was a close call. However, economists were expecting the BoC to hike rates. The BoC signaled that there was room for more rate hikes and…
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Trade Ideas Videos

Trade Idea – GBPCHF

Ian Coleman Jul 18, 2018 275 1

This week we are looking at the GBPCHF and taking a buy trade in this cross currency. We're going to break down the time frames and then highlight why we have come to this conclusion. Check out our weekly Trade Idea and tap into the…
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Trade Ideas

GBPCHF – Looks to be forming a bullish reverse Head and Shoulders

Ian Coleman Jul 18, 2018 282 1

We have consolidated in the 1.3270 to 1.3023 range for 37 days. This limited movement looks to be forming a bullish reverse Head and Shoulders pattern. A break of 1.3280 and the measured move target is 1.3510
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Technical Analysis

Intraday Analysis 18th July 2018

Orbex Jul 18, 2018 1,504 0

Daily Forex Market Preview, 18/07/2018 The U.S. dollar was seen posting strong gains on Tuesday. The rebound came amid the U.S. industrial production rising 0.6% on the month. The Fed Chair Powell started his two-day testimony to the U.S.…
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Fundamental Analysis

ECB minutes flag risks to monetary policy. EU commission downgrades GDP growth

Orbex Jul 18, 2018 474 0

The European Central Bank released the minutes of the meeting held in June last week. The minutes covered the monetary policy meeting where the ECB announced its forward guidance. This included tapering the current bond purchases to 15…
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Technical Analysis

Markets Vulnerable – Reversal Patterns – Bearish Sentiment – Divergences

Richard Tataru Jul 17, 2018 586 0

In this episode, Richard is following up on the previously posted “Bullish Patterns on Gold – EUR Stronger – Investors looking at YEN” article, and continuing the views he share during the “The World Cup NFP! – LIVE” webinar. Richard is…
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Size DOES Matter…

Daniel John Grady Jul 17, 2018 1,344 0

A phenomenon that a lot of traders notice - and you might have seen it yourself - is that when they increase the size of their trades, their strategy seems to stop working. For some, even just switching from their demo account to their live…
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Technical Analysis

Intraday Analysis 17th July 2018

Orbex Jul 17, 2018 630 2

Daily Forex Market Preview, 17/07/2018 The U.S. dollar was seen trading mixed on Monday. Economic data was supportive of the greenback. The U.S. retail sales report showed that headline retail sales increased 0.5% on the month while core…
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Trade Ideas

EURCHF – AB=CD located at the 61.8% pullback level 2018-07-17

Ian Coleman Jul 17, 2018 312 1

We look for a bearish 5 wave Elliott wave count to be completed at 1.3668. Immediate price action to the upside has been mixed and volatile, common in corrective formations
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Fundamental Analysis

US CPI advances strongly in June

Orbex Jul 17, 2018 452 1

Consumer prices as well as producer price index for the month of June showed a strong pace of gains. The data suggested that the underlying momentum is only going to get stronger. Both consumer and producer prices were seen rising to a six…
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