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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 […]

Amazon Higher As UK Grocer Opens

Amazon Lower On Year Shares in tech giant Amazon are trading higher today ahead of the US open. The company’s stock price has been on a steady decline from the yearly highs printed above the 3400 level, taking price down to recent lows around the […]

How Will the End of Lockdowns Across the US Affect the Markets?

The US is about to cross an important covid vaccine threshold of reaching a quarter of the population getting at least their first dose. While this would exceed the percentage of people over the age of 65, the rollout hasn’t been as concentrated. So far, […]

USDCNH Cycle Correction Hints At Impulse Growth

The current USDCNH formation hints at a large zigzag of a cycle degree. This recently completed the bearish correction b which took the form of a triple zigzag. On the 1H timeframe, the final part of correction b, and the bearish impulse (C) of the […]

USDJPY hits 7-month high

Since January this year, the USDJPY has recorded an increase of about 4% from a low of 102.58 to a 27-week high. As of yesterday’s close, the currency exchange recorded 106.67. Obviously, in 2021, the attractiveness of the US Dollar far exceeds that of the […]

Oil Rallies Despite Massive Inventories Build

Crude Stocks Soar Following two days of declines, oil prices shot higher midweek. The latest report from the Energy Information Administration showed a mammoth build in US crude stockpiles. The EIA reported that in the week ending February 26th, US crude inventories rose by 21.6 […]