NAS 100 consolidates as panic selling slows down Tech stocks were among the hardest hit when investors feared the era of cheap money may end sooner than later, and along with it the breakneck rise of growth sectors. However, the sell-off could turn out to […]

Alibaba posted its first operating loss as a public company as an antitrust fine it received last month weighed on its earnings. eBay will start offering loans to businesses that sell through its marketplace in the UK, pitting the e-commerce group against high street banks. […]

The Biden administration has or is planning to get approval for spending a total of $6.0T in additional spending this year. This is on top of the regular budget. It also comes after around $9.7T of monetary expansion under the last year of the Trump […]

NZDUSD seems to be forming an intervening wave x of a cycle degree. This consists of primary corrective sub-waves Ⓦ-Ⓧ-Ⓨ. The wave Ⓦ is a bearish standard zigzag, and the intervening wave Ⓧ resembles a bullish triple zigzag pattern. The final wave Ⓨ is at […]

SPX 500 rebounds from daily trendline The S&P 500 reverses sharp decline as investors digest soaring consumer prices. On the daily timeframe, the index saw strong buying interest on the rising trendline (4040) from March 2020. In conjunction with the RSI’s double-dip in the oversold […]

In today’s video, our Head of Investment Research Stavros Tousios dives into the top Elliott Wave opportunities the markets have in store for us. Asset TimeStamps: $EURUSD 01:10​​​​​​​​​​ $USOIL 03:40 $GOLD 09:05 ​​​​​​​​​​​​$USDCAD 10:45 $SPX500 14:40 Join our responsible trading community – Open your Orbex […]

Amazon has won a court battle over €250m in taxes that it had been ordered to pay Luxembourg. The European Commission had ordered the tech giant to repay the funds as back taxes, alleging that Amazon had been given unfair special treatment. Apple said it […]

Mexico’s central bank is closing in on an inflection point, which might imply a change in policy. This is why investors are keen to see what happens not just from the rate decision, but most importantly the accompanying statement. The trajectory of interest rates is […]

USDCAD has completed the construction of a triple zigzag that consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree. The 1H timeframe shows the internal structure of the intermediate impulse (C). This completed the development of the primary wave Ⓩ. Thus, the construction of the initial […]

USDJPY rebounds from Fibonacci level The US dollar jumped after April’s CPI rose 3% YoY nearly doubling markets’ expectations. The greenback has found solid support after a double-dip at the 61.8% (108.30) Fibonacci retracement level. The bullish momentum above 109.20 indicates buyers’ commitment to pushing […]