Forex Trading Blog and Market Insights

Guide to Divergence in Trading: Types of Divergence

Orbex Aug 4, 2023 19,567 0

In the previous article, we looked at the concept of divergence and the original concept as outlined by Charles Dow in his Dow Theory. We learned that the concept of divergence applies to any market and can be used to compare two…
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Fundamental Analysis

Can We Talk About a Soft Landing For the US?

Daniel John Grady Aug 4, 2023 87 0

Stock markets this week have been on the backfoot over credit risk, which has overshadowed generally positive news on the economic front. Is it time to take a more positive attitude towards the economy? Will there be a rebound soon? Or is…
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Technical Analysis

Intraday Analysis 04.08.2023

Jing Ren Aug 4, 2023 84 0

GBPUSD bounces back Cable consolidates after a modest rate hike of 25 basis points by the BoE. The pair has been drifting lower after it broke below dynamic support by the 30-day SMA (1.2800). From a daily chart perspective, the swing…
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Fundamental Analysis

Will the NFP Go Back to Beating Estimates?

Daniel John Grady Aug 3, 2023 62 0

Tomorrow is the release of the all-important July NFP numbers. This comes in the context of the Fed most recently saying they will be data-dependent on the forthcoming rate decision. Employment is the second most important data point to the…
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Technical Analysis

Intraday Analysis – USD finds support

Jing Ren Aug 3, 2023 61 0

USDJPY consolidates gains The US dollar edged higher after July’s ADP employment data beat expectations. A rally above 141.20 has forced short-term sellers to cover, easing the bearish pressure. Now that the pair has recouped most of the…
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Fundamental Analysis

What Just Happened With Crude?

Daniel John Grady Aug 2, 2023 49 0

Energy markets got something of a double jolt yesterday, with API inventories showing the largest drawdown since records began. A little while later, the dollar was shaken up when Fitch downgraded the US sovereign rating to AA+ from AAA,…
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Technical Analysis

Intraday Analysis 02.08.2023

Jing Ren Aug 2, 2023 78 0

AUDUSD falls back The Australian dollar fell after the RBA held interest rates for a second straight month amid cooling inflation. The pair’s previous struggle to stay above 0.6720 forced buyers to liquidate their positions in a sharp…
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Technical Analysis

Gold Consolidates as Dollar Jumps!

David Kindley Aug 1, 2023 89 0

Gold remained consolidated after falling away from 2-month highs yesterday. Manufacturing PMI for July could give a clear direction for the yellow metal. With the greenback progressing in the last few sessions, will we see any…
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Fundamental Analysis

BoE To Keep Hiking, For Now

Daniel John Grady Aug 1, 2023 35 0

Last week, the Fed and the ECB left the impression that the rate hiking cycle was at or very close to ending. The optimism in equity markets corresponded with a drop in the respective currencies. By contrast, the BOE is expected to keep…
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Technical Analysis

Intraday Analysis – USD Bounces Back

Jing Ren Aug 1, 2023 60 0

EURUSD drifts lower The euro slipped as consumer price growth extended its downward trend in July. The pair is still probing for support after coming off a 17-month high of 1.1250. A break below the 20-day SMA at 1.1030 has put early…
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