Forex Trading Blog and Market Insights

Intraday Analysis – USD pulls lower

Jing Ren Jun 2, 2023 67 0

NZDUSD attempts to rebound The US dollar slips as rising claims for unemployment benefits suggest a looser job market. After breaking below the daily demand zone around 0.6110, the kiwi has been struggling to find buyers. The…
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Fundamental Analysis

NFP Trading: What Could an NFP Surprise Do to the Markets?

Daniel John Grady Jun 1, 2023 93 0

So far this year, analysts have overestimated NFP results pretty much every time. If that were to happen again this time, it could end up convincing a lot of traders that the Fed will hike at the next meeting. With all the…
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campaigns

Orbex Launches New ZERO Spread Trading Account with $1 Commission per Side

Orbex Jun 1, 2023 303 0

Please be advised that the zero spread offer mentioned in the article has now expired. At Orbex, we are incredibly pleased to announce the launch of our new ZERO Spread Trading Account, which will be available for a limited time only for…
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Technical Analysis

Debt Bill Passed, Where Next for the Dollar?

David Kindley Jun 1, 2023 95 0

The House of Representatives has approved America to lift the debt ceiling. Forex pairs were slightly up for the dollar in early markets as the EURUSD pair fell towards 1.06. The US Senate will now vote on the bill before President…
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Technical Analysis

AMZN Minor Wave 5 to Open New Lows!

Roman Onegin Jun 1, 2023 68 0

The share price of AMZN is falling within the bearish correction b. This wave could take the form of a zigzag Ⓐ-Ⓑ-Ⓒ of the primary degree. At the moment, the market is in the final intermediate wave (5) of the leading diagonal Ⓐ. As…
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Technical Analysis

Intraday Analysis – USD consolidates gains 01-06-2023

Jing Ren Jun 1, 2023 81 0

EURUSD drifts lower The US dollar stays firm on bets of more interest rate hikes to come amid repeatedly hawkish Fed remarks. Rebounds have been limited so far which means that the bears still have full control of the direction. A slip…
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Technical Analysis

Orbex: Surfing the Waves with Gregor Horvat: DXY, EURUSD, AUDUSD, USDCNH, USDJPY, DAX & More!

Gregor Horvat May 31, 2023 71 0

In today’s advanced ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FXMajors, and #Commodities and discover how he applies EW principles to come up with…
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Fundamental Analysis

How Low Can WTI Crude Go?

Daniel John Grady May 31, 2023 101 0

WTI crude prices once again broke below the $70/bbl mark. This time, it closed below that level for the first time in nearly a month. After the US close, a brief rally was cut short by China PMI's. This comes ahead of the pivotal OPEC+…
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Technical Analysis

GBPUSD: Bearish Correction (B) is half completed.

Roman Onegin May 31, 2023 65 0

It is assumed that the GBPUSD pair can build a corrective cycle wave IV. Perhaps this correction takes the form of a triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, the final primary wave Ⓩ is under…
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Technical Analysis

Oil Hits $70 as Debt Ceiling Crisis Continues!

David Kindley May 31, 2023 56 0

WTI fell more than 4% yesterday as the US Debt Ceiling talks continued. Aside from the uncertainties around the markets, OPEC is set to meet in a few days to possibly discuss further cuts. With Oil now trading around $70, will we be…
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