Forex Trading Blog and Market Insights

USDZAR Hangs on Mean Reversion

David Kindley Oct 14, 2020 505 0

USDZAR currently sees prices trading below the Ichimoku cloud, indicating a descending tendency. Even though prices have been trading in an ascending channel since 2018, the current bias leans towards the downside. A second test at the…
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Fundamental Analysis

Europe Tightens Lockdown Measures

David Kindley Oct 14, 2020 795 0

Greenback regains lost ground The US index held on to the 93 handle yesterday as it closed almost 0.50% higher. The move came as investors became cautious after a Johnson & Johnson COVID-19 study was paused, reducing optimism about…
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Technical Analysis

Gold Loses the 1900 Support

Orbex Oct 14, 2020 298 0

The precious metal is down over 1.5% intraday as price action failed near the 1911.50 - 1900 level of support. This has pushed price action lower. However, the declines might not be out of the woods yet. There is a possibility that…
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Technical Analysis

WTI Crude Oil Pares Losses 2020-10-14

Orbex Oct 14, 2020 242 0

Oil prices are back in the green, rising as much as close to 2% intraday. The gains come just a day after oil prices fell sharply to lows near the 39 level. The rebound comes on the back of positive trade data from China. Still, we…
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Technical Analysis

GBPUSD Fails to Hold on to Gains Above 1.3000

Orbex Oct 14, 2020 237 0

The British pound sterling is down over 0.7% intraday as price failed to capitalize on the gains from earlier sessions. As a result, GBPUSD is trading back below the 1.3000 handle. A continuation to the downside could see a move back…
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Technical Analysis

EURUSD Gives Back Gains as it Loses 1.1800 Handle

Orbex Oct 14, 2020 271 0

The euro currency is giving back the gains from the past two days. Price action is down over 0.5% intraday amid broad dollar strength. As a result, the euro lost the 1.1800 price level and is now pushing down toward the 1.1715 support…
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Stocks

JP Morgan Q3 Earnings Due Today

Orbex Oct 13, 2020 546 0

US banking giant JP Morgan is due to report third-quarter earnings today. The release is being closely watched as a gauge for how the US banking sector performed as a whole in the three months through September. Almost $1 billion Fine…
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Fundamental Analysis

How to Prepare for the US Election

Daniel John Grady Oct 13, 2020 774 0

After the 2016 US election, there were reports of two very contrasting stock trades. Probably the most famous is George Soros. He bet on a Hillary Clinton win and lost over $1B in the days after the election results. In contrast, Carl…
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Technical Analysis

Surfing the Waves with Gregor Horvat 2020-10-13

Gregor Horvat Oct 13, 2020 396 0

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

AUDUSD Impulse To Complete Triple Zigzag

Roman Onegin Oct 13, 2020 803 0

AUDUSD continues to form a corrective triple zigzag wave b of the primary degree. At the time of writing, sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ are fully complete. The final bullish wave Ⓩ is an intermediate (A)-(B)-(C) zigzag. In the medium term,…
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