Forex Trading Blog and Market Insights

Is Forex Online Trading Worth Investing In?

Daniel John Grady Jan 10, 2020 3,949 0

This is a trick question because it depends on who you ask. To someone who has a good strategy and risk management scheme, Forex online trading is definitely worth it. They do it consistently, and in many cases, live off of it. If you…
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Technical Analysis

BOE Begins Stimulus?

Stavros Tousios Jan 10, 2020 358 0

Carney hinted to stimulus yesterday after suggestions that the EU-UK talks could be dragged past the tight deadline. The passenger plane crash in Iran didn’t reflect into the markets either, letting safe haven outflows continue weakening…
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Technical Analysis

Dec 2019 Payrolls Data on the Docket

Orbex Jan 10, 2020 814 0

The monthly nonfarm payrolls report will be coming out today from the US Labor Department. This will be the first payrolls report for this year, but the data covers the month of December. Overall, the expectations for December NFP are…
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Technical Analysis

Equities Rally as China & US Prepare to Sign Trade Deal

Orbex Jan 10, 2020 352 0

The US-China trade deal was once again back in focus, pushing equities to resume the rally. The gains come after China said that its vice premier will be traveling to the US to sign the phase one of the trade deal. The announcement…
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Technical Analysis

SPX500: Bulls Next Target 3319.4?

Roman Onegin Jan 9, 2020 606 0

The current SPX500 structure hints to a bullish impulse consisting of primary sub-waves ① -② -③ -④ and ⑤. With the first four parts of this 5-wave impulse fully completed, impulse ⑤ is still under construction. Taking into account the…
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Technical Analysis

Market Sentiment Picks Up After Muted Iran Response

Orbex Jan 9, 2020 338 0

Equity markets resumed the rally following Iran’s response to the US attacks. Investors remain hopeful that the tensions will not escalate too far. This has resulted in the precious metal retreating amid a surge in risk appetite.…
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Technical Analysis

USDJPY: 109.25 Could Complete Wave Ⓑ of Zigzag

Roman Onegin Jan 8, 2020 771 0

The current USDJPY structure shows a cycle degree correction with wave a most likely followed by a corrective wave b. The latter hints to a primary degree zigzag, consisting of sub-waves Ⓐ-Ⓑ and Ⓒ, as seen above. At the time of writing,…
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Fundamental Analysis

December Australian Trade Balance

Daniel John Grady Jan 8, 2020 573 0

Coming up later tonight, or early tomorrow depending on where you are, we have the first major bit of economic data out of Australia for the year. A better than expected trade balance might be what the market needs to reverse the…
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Technical Analysis

USD Rebounds on Better Trade Numbers & NMI

Orbex Jan 8, 2020 420 0

The US dollar is rebounding after a patch of strong economic reports from the United States. The ISM non-manufacturing PMI was higher at 55.0, beating estimates of 54.5. It was also higher compared to November’s print of 53.9. The…
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Technical Analysis

GOLD: 1590 Could Complete Bullish Impulse, Then Correct

Roman Onegin Jan 8, 2020 1,257 0

Closer to the end of last week we saw a surge that led prices to the completion of minor wave 3. The chart above indicates that the 5-wave minute upside structure was followed by a minor correction 4. This could be followed by a final…
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