Events to Look Out for Next Week

BoE’s Governor Bailey speech (GBP, GMT 10:00) Gross Domestic Product (JPY, GMT 23:50) – Gross Domestic Product should remain steady in Q4 and reveal headline growth of 12.8% y/y and 3% q/q. Tuesday – 9 March 2021 Gross Domestic Product and Employment change (EUR, GMT […]

Tesla Sell-Off Deepens

Shares in US alternative energy and technology firm Tesla have seen wild price action with shares selling off sharply. The broader backdrop of weakening risk appetite, rising US inflation expectations, and reduced Fed easing expectations have hit asset prices over recent weeks. With US yields […]

March NFP Data – Live Analysis

Higher yields have supported the USD this week, with USDJPY at new 9-month highs, EURUSD back to November 2020 levels and Cable under 1.3800. How will the key US jobs data be interrupted today and impact the Greenback? Click here to access the our Economic […]

Is It Worth Starting Small When Investing?

There seems to be a fairly common misconception that you need “a lot” of money to start investing in financial markets. Perhaps it’s from people who have watched too many movies, and think that trading is either for really rich people or really shady people. […]

DXY Correction IV a Double Zigzag Or a Flat?

The DXY index is currently building a cycle trend in the form of a bearish 5-wave impulse. The first three parts of this impulse have ended, whereas the corrective leg IV is still under construction. Judging by the structure, it is a bullish double zigzag, […]

XAUUSD – The key factors remain the USD & Yields

XAUUSD, H1 You will notice that the gold price decline is clearly correlated with higher bond yields by the all-time high of the gold price at the beginning of August last year. It was the same period that the US 10-year bond yield was also […]

Market Update – March 5 – Jobs, Jobs, Jobs.

What Fed Chair Powell did not say that shook up the markets. Wall Street turned sharply lower following Fed Chair Powell’s remarks, even though it was not what he said but what he did not mention that undermined equity sentiment. Specifically, he did not push […]

The Market in Waves: Where Does the Oil Rally Stop?

Welcome to the Orbex daily Elliott Wave update! In today’s video, our Head of Investment Research Stavros Tousios dives into the top opportunities the markets have in store for us. Asset TimeStamps: GBPUSD​​​ 00:55​ USDCHF​​​ 03:00​ DOW JONES​ 05:00​ USOIL​​ 06:30 Join our responsible trading […]

Intraday Market Analysis – Look for pullback

USDJPY surges to 8-month high The buoyant US dollar is in sharp contrast to the safe-haven Japanese yen as markets expect 182k new jobs added in the US in February, a prelude to a steady recovery. After breaking above the bearish trendline on the daily […]

US Unemployment Claims tick up

USDJPY, H1 US initial jobless claims rose 9,000 to 745,000 in the week ended February 27 following the -98,000 plunge to 736,000 in the February 20 week. That brought the 4-week moving average down to 790,800k from 807,500. Claims not seasonally adjusted rose 31,500 to […]