October 19th 1987, will forever be known as ‘Black Monday’ – or the day the stock markets crashed across the globe. By the end of October 1987, panic had spread and most markets went spiraling down by 20%. 32-year old Andy Krieger carefully watched the currencies rallying against the US dollar, as an aftermath of the incident. He targeted the...
The Federal Reserve is widely expected to raise the Federal Funds Rate today, from 1.75% towards 2.00% benchmark points. Exactly at 18:00 GMT the FED will issue a statement, which will contain the interest rate outlook, along with its latest economic forecasts. At this stage, the Market already priced in the June Fed rate hike, therefore, ...
In this prequel to our Live NFP Webinar on May the 4th 'Surfing the Waves Analysis Performance', Richard Tataru looks at his previous technical analyses to asses the performance and effectiveness of his Elliott Wave techniques. Orbex presents the first webinar of its kind - 'Trade like a Jedi'. Prior to the NFP release, Richard will be analyz...
The USD has been trading within a Complex Structure, more exactly, within a Double Three Pattern. This has been going on and unfolding ever since the DXY (dollar index) hit the support back on the 25th of Jan 2018 and then started bouncing. Dollar Index (DXY) – Daily Chart Dollar Index (DXY) – 2H Chart – Corrective Structu...
Daily Forex Market Preview, 23/02/2018 Data from the UK showed that the second revised estimate was lowered to 0.4% down from the first estimate of 0.5% for the quarter. This brought the annual GDP in the UK to 1.4% on the year missing estimates of 1.5%. The business investment for the quarter was also revised to show a flat print, compared t...
Daily Forex Market Preview, 22/02/2018 The FOMC meeting minutes released yesterday sent the U.S. dollar to close higher on the day as investors brace for a March rate hike. Although the Fed minutes did not reveal anything new, the upbeat tone of the minutes saw the markets pricing three rate hikes this year, with the first rate hike expected ...
Daily Forex Market Preview, 21/02/2018 The U.S. dollar continued to rise higher on Tuesday as the U.S. markets opened after a long weekend. Economic data was sparse for the most part. The USD managed to remain strong as investors focused on the upcoming FOMC meeting minutes. In the Eurozone, the ZEW economic sentiment survey showed that Ge...
Daily Forex Market Preview, 20/02/2018 The U.S. dollar managed to hold on to the gains made from Friday as the U.S. markets were closed on Monday. Trading was broadly limited ahead of Wednesday's FOMC meeting. With the USD posting some gains, most other major currencies were seen easing back, albeit only slightly. The Bank of England Gover...
Daily Forex Market Preview, 19/02/2018 The U.S. dollar posted a rebound on Friday after briefly slipping sending most of the other major currencies to post fresh highs. However, the declines were short lived as the dollar managed to reverse the levels. The FOMC meeting minutes will be released on Wednesday and the markets are anticipating tha...
Daily Forex Market Preview, 16/02/2018 The USD was seen trading weaker across the board on Thursday. The biggest gains came from the Japanese yen which surged 0.82% on the day. Economic data from the U.S. was mixed. Producer price index data from the U.S. showed a 0.4% increase matching estimates and rising to an annual pace of 2.7%. Indus...
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