Forex Trading Blog and Market Insights

How to Prepare for the US Election

Daniel John Grady Oct 13, 2020 776 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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Technical Analysis

NZDCAD Golden Bounce to Median Regression

David Kindley Oct 13, 2020 808 0

NZDCAD has remained in an ascending channel since March. Currently, we see a drop out of the channel as prices range at the 0.87c handle. The previous attempt at a fall out of the lower channel at 0.8574 saw prices retrace and move…
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Fundamental Analysis

America Clings to Stimulus Hope

David Kindley Oct 13, 2020 291 0

Greenback Awaits Corporate Earnings The US index saw little change at the start of the trading week as it closed 0.03% lower on Monday. Investors are reacting to the deadlock to impose further stimulus before the Presidential Election.…
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Technical Analysis

Gold Likely in a Pullback Phase

Orbex Oct 13, 2020 395 0

The precious metal did not make any major gains, as the recent rally came to a standstill on Monday. Prices were able to rise beyond the 1928 region. This led to a modest pullback. However, the declines will likely stall near the…
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Technical Analysis

WTI Crude Oil Falls as Supply Concerns Ease

Orbex Oct 13, 2020 431 0

Oil prices took a nosedive on Monday, losing about 2.7% intraday. The declines came on the news about the Norwegian oil workers striking coming to an end. Furthermore, restrictions on Libya's largest oil field was also lifted, adding to…
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Technical Analysis

GBPUSD Brushes Aside New UK Restriction Measures

Orbex Oct 13, 2020 266 0

The British pound sterling is holding on to the gains from last Friday. Price held firmly above the 1.3000 level of support. This came even as British PM Johnson announced a new three-tier restriction to battle the second wave of the…
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Technical Analysis

EURUSD Trades Flat, but Steady Above 1.1800

Orbex Oct 13, 2020 290 0

The euro currency is trading rather muted on Monday. Price action did not make many gains as the US markets are closed on account of Columbus Day bank holiday. On an intraday basis, the euro briefly tested the 1.1800 level. The euro was…
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Stocks

Goldman Sachs Deal News Ahead of Q3 Results

Orbex Oct 12, 2020 312 0

New Deal Announced Shares in US banking firm Goldman Sachs are trading a little lower pre-market on Monday. Despite the weakness, Goldman’s share price has seen much better demand over recent weeks. Price has recovered from the September…
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