GBPJPY

The Markets in Waves: H&S Pattern Appears in 4 Assets?

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 are as follows: – AUDUSD​ 01:25​ – NASDAQ​ 03:20​​ – USOIL​ 05:10​ – […]

Market Update – March 3 – Cautious ahead of Powell and OPEC

Trading was consolidative and quiet Tuesday as the markets took stock of recent activity. A lack of fresh catalysts also limited action. There was some jostling in stocks late after Texas announce it is opening up the state economy 100% and removing the mask mandate. […]

Intraday Market Analysis – Tough Resistance

GER 30 recoups February losses Easing Treasury yields have put a floor on global stock markets for now. The DAX 30 is making another attempt at February’s high of 14180 after it broke through intermediate resistance levels of 13990 and 14070. The RSI is yet […]

USOil and upcoming volatility

oil Later today and tomorrow evening we will have the API and EIA reports, while the day after that, on March 4, eyes will be on OPEC and its non-OPEC partners, known as the OPEC+ meeting. After touching the 13-month high at $63.67 on February […]

CAD remains and should remain capped

Canda’s GDP grew 9.6% in Q4 (q/q, saar), better than expected after the 40.6% bounce in Q3 (was 40.5%) that followed 38.5% plunge in Q2. A modest inventory accumulation in Q4 after the huge drawdowns in Q3 added to GDP in Q4. Government consumption, M&E […]

Surfing the Waves with Gregor Horvat

In today’s advanced #ElliottWave​​ analysis Gregor dives into the five most interesting opportunities for the week ahead! Original Article

Alibaba Shares Slide Further

2021 Reversal Underway Shares in Chinese tech firm Alibaba are continuing to slide today, trading lower ahead of the market open on Tuesday. Following an initial rally over January which saw shares climbing off the December 2020 215 lows to highs around 274, Alibaba shares […]

Can Thursday’s OPEC Meeting Save Oil Prices?

The start of March posed some difficulties for crude prices, as they paired back some of the gains from the long run in February. Of course, that might just be profit-taking, as the run-up has been pretty long. Or there might be an external factor, […]

AUDUSD Could Correct Higher Before Bearish Impulse

The formation of the AUDUSD currency pair shows a clear completion of correction wave b. The cycle wave b is a bullish triple zigzag of the primary degree. The end of the intermediate impulse (C), which completed the primary wave Ⓩ, triggered a bearish move. […]

Forex Update – March came in like a bull for Wall Street

The major indexes surged sharply higher on the back of more good news on vaccines and the expectation of massive stimulus sooner than later. Another batch of stronger than expected data helped too. But opening the door for the gains was the more subdued tenor […]