Forex Trading Blog and Market Insights

WTI: 60.85 Likely To Complete Zigzag Correction

Roman Onegin Jan 15, 2020 711 0

The current USOIL structure points to the cycle degree wave c of an a-b-c-d-e triangle. Crude could slide move down to form wave d. Keeping in mind the corrective formation, we are likely to see a ‘three’ pattern. However, the current…
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“Trading Like A Banker” Webinar Series – Episode 8

Stavros Tousios Jan 15, 2020 2,217 0

It’s time for the eighth instalment of our hit webinar series: Trading Like A Banker! This series dives deep into the intricate world of institutional trading, uncovering the secrets we can learn from bankers and apply to our own trading…
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Fundamental Analysis

German CPI & Potential for ECB Action

Daniel John Grady Jan 15, 2020 397 0

There are two major economic events tomorrow which could drive the euro. First, we have the release of German inflation data. We generally expect this to affirm the flash number provided at the beginning of the month. Then we have the…
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Technical Analysis

USD Maintains Modest Gains

Orbex Jan 15, 2020 330 0

The US dollar held onto gains as the index struggles to break out from the current highs near 97.50. Economic data from the United States saw inflation data disappointing. Headline inflation rose 0.2%, while core inflation rose just…
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Technical Analysis

NZDUSD: Triple Combo Could Offer Bullish Opportunity Soon

Roman Onegin Jan 14, 2020 848 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 338 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 345 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 451 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 799 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 558 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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