Forex Trading Blog and Market Insights

NZDUSD: Triple Combo Could Offer Bullish Opportunity Soon

Roman Onegin Jan 14, 2020 846 0

The current NZDUSD structure hints to a bullish combination consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Wave Ⓨ looks fully completed, whereas Ⓧ is still under construction. That could be followed by wave Ⓩ. The aforementioned scenario…
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Technical Analysis

Risk Appetite Increases

Stavros Tousios Jan 14, 2020 337 0

The US Treasury Department lifted the “Currency Manipulator” tag on China, allowing risk appetite to increase further a day before the widely anticipated #tradedeal. Dollar-yen and Aussie-dollar rose on the back of the news, however, the…
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Technical Analysis

Investors Await Further Global Cues

Orbex Jan 14, 2020 343 0

Risk sentiment was in check on Monday as investors stay on the sidelines for global cues. The US earnings report for the fourth quarter of 2019 is underway. Meanwhile, Washington announced that it will remove China's label as a currency…
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Technical Analysis

US Consumer Prices in December to Remain Stable

Orbex Jan 14, 2020 446 0

The monthly consumer price index report will be coming out later today. The report covers the month of December and will give investors significant insights into the new year. According to the economists polled, the general consensus…
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Technical Analysis

USDCAD: Did We Reverse At The Low?

Roman Onegin Jan 13, 2020 797 0

The current USDCAD structure hints to a cycle degree triple combination consisting of correction waves w-x-y-x-z. With the last wave ending, we could be now seeing the first stages of intermediate wave (1) in a minor bullish impulse…
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Technical Analysis

The Week Ahead: Inflation-Focused

Jing Ren Jan 13, 2020 554 0

Trade of the Week GBPCAD Struggles to Rally Higher The British pound is in a recovery mode after Bank of England Governor Carney’s dovish comment last week. Speculations run rife that the central bank will cut rates this year, even…
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Technical Analysis

Upcoming UK GDP & Manufacturing Production

Daniel John Grady Jan 13, 2020 517 0

Today is quite an important day for Cable traders, with the release of a host of important economic data all at the same time during morning trading. It would be surprising if the market didn't get some extra volatility right after the…
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Technical Analysis

Equities Chart New Highs Despite Soft NFP

Orbex Jan 13, 2020 427 0

Equity markets rose to post new highs on Friday. The Dow Jones index briefly broke the 29,000-mark before pulling back. Despite this, all major equity indices closed positive on the week. The payrolls report for December was soft. The…
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Technical Analysis

Trade the NFP Live 2020-01-10

Stavros Tousios Jan 10, 2020 309 0

Our Head of Investment Research, Stavros Tousios, will be going LIVE to give you exclusive insights into this month’s NFP data release. Watch as he takes you through his pre and post data release analysis, diving into FX Majors, Indices,…
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Technical Analysis

USDCHF: Bearish Impulse Could be Incomplete

Roman Onegin Jan 10, 2020 1,219 0

The USDCHF pattern hints to a bearish 5-wave impulse Ⓒ consisting of intermediate sub-waves (1)-(2)-(3)-(4) and (5). In the current corrective structure, this suggests that the intermediate wave (4), which consists of a W-X-Y zigzag…
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