Forex Trading Blog and Market Insights

Join our NFP Live webinar! 7-07-2023

Orbex Jun 27, 2023 69 0

Get ready to trade the NFP LIVE with our leading experts! Join our resident US market specialists, David Kindley and Daniel John Grady for an exclusive live webinar on the upcoming Non-farm Payrolls release, on July 7th, 2023. All…
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Technical Analysis

Has Gold Found Support?

David Kindley Jun 27, 2023 114 0

Gold remains precarious, just above the recent multi-month low. The focus will now shift to PCE data on Friday for more volatility with the yellow metal. Hawkish central banks continue to manipulate the metal market as Silver also…
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Technical Analysis

BABA Bearish Impulse Continues!

Jing Ren Jun 27, 2023 70 0

In the long term, BABA stock is building a bearish triple zigzag w-x-y-x-z of the cycle degree. On the current chart we see the final part of the actionary wave y and the second intervening wave x. Now the formation of the…
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Technical Analysis

Intraday Analysis – USD attempts to rebound 27-06-2023

Jing Ren Jun 27, 2023 56 0

USDCHF forms triple bottom The US dollar bounces as risk aversion compounds the Fed’s hawkish stance. The bull’s second attempt came to a halt at 0.9010 which is a support-turned-resistance after a mid month sell-off. A failure to…
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Fundamental Analysis

US Durable Goods: Recession Fears Over?

Daniel John Grady Jun 26, 2023 65 0

Durable goods orders are seen as a relatively good indicator of whether the economy is headed for a slowdown. This is particularly relevant for the US at the moment, because there are conflicting signs in the data. Many economists last year…
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Technical Analysis

DXY Triple Zigzag Drops Below $100!

Roman Onegin Jun 26, 2023 82 0

The long-term outlook for the dollar index shows a triple zigzag pattern. This consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the moment, the sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ look completed. The final wave Ⓩ is forming. Judging by the internal…
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Technical Analysis

Intraday Analysis – EUR pulls back

Jing Ren Jun 26, 2023 68 0

EURUSD probes support The euro fell after lacklustre PMI showed a manufacturing recession. The rally first came to a halt in the supply zone around 1.1010 from the early May sell-off and a subsequent tumble below 1.0900 indicates a…
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Technical Analysis

The Week Ahead – AI fever steals the show

Jing Ren Jun 23, 2023 91 0

AUDUSD retreats as RBA awaits more data The Australian dollar falls back as doubt grows over the RBA’s hike push. Minutes from the central bank’s latest meeting showed signs of hesitation as to whether to hit the pause button again…
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Technical Analysis

AMZN Bearish Impulse Drops to $80!

Roman Onegin Jun 23, 2023 57 0

In the long term, AMZN develops a bearish correction b taking the form of a zigzag Ⓐ-Ⓑ-Ⓒ of the primary degree. Prices are now in the final intermediate wave (5) of the leading diagonal Ⓐ. As part of wave (5), a long correction 4…
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Technical Analysis

Gold Heads to $1900 after Dropping $50!

David Kindley Jun 23, 2023 62 0

Risk appetite continues to shift against the yellow metal as the $1900 comes into play. With US Indices hitting yearly highs, it seems the Dollar market is now the main focus for investors. Will there be firm support at the said…
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