USA100 and the 50-day moving average

USA100, Daily US equity markets continue to feature a churn from growth focused Technology stocks into cyclicals including Energy, Financials and Industrials. The logic is that technology stocks are more vulnerable to fall in the US Bond markets as the aftereffect of the rise in […]

StockWatch: Tesla Drops Below $600

Tesla has closed below $600 for the first time since December and has, in addition, lost 15% on the year. The Fed, renewed competition, and steeper expenses, are supposedly weighing in on the automobile giant. Volkswagen has stated they want electric vehicles to make up […]

Eyes on central banks

The markets are looking ahead to the ECB meeting this week. Over recent days, the ECB officials have been trying to manage reflation trades and slow the ascent in yields, although most recent comments have backed the view that the central bank will leave policy […]

BAC Shares Boosted By Rising Yields

BAC Hits new 2021 Highs Shares in Bank of America have enjoyed a solid rally this year. This marks a firm recovery from the February lows around the 30 level to trade up to current highs around 37. The rally was kicked off by a […]

The Markets in Waves – DXY​, EURO​, NDAQ​, WTI​ & APPLE​!

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: USINDEX​ 00:40​ EURUSD​​​​ 01:45​ NASDAQ​ 02:55​ USOIL​​​ 04:30​​ APPLE​ 06:20 Join our responsible […]

Did Pfizer Bully Latin American Governments for Access to Covid Vaccine?

Two weeks ago, The Bureau of Investigative Journalism (BIJ) published an explosive article in which they accused Pfizer of holding Latin American countries to ransom over the coronavirus vaccine. The allegations were pretty harsh, but they didn’t get much traction in the mainstream media. That […]

StockWatch: Lufthansa Hits Worst Ever Annual Loss

Lufthansa​ warned that it will not come close to pre-crisis levels of traffic until at least the middle of the decade, after the airline slumped to the worst loss in its history in 2020. The German​ firm made an operating loss of €5.5bn for 2020, […]

AAPL Primary Correction ④ Double Three or Flat?

The 1H timeframe for AAPL shows the final part of a major bullish impulse of the primary degree. We see that since September 2020, the market has been forming a horizontal correction ④. This is a double three (W)-(X)-(Y) of the intermediate degree. It is […]

GBPUSD Weekly Outlook

This week will be quiet for England. One of the data releases on Friday is January GDP which is expected to fall by 5%, which is driven by the closure of several consumer service sectors at the beginning of the year. It is likely that […]

Gold’s Decline Seems to be Overdone

The precious metal has been posting declines for three consecutive weeks so far. Price action closed at 1703.12 on Friday, marking a nine-month low. The declines accelerated after gold failed near the key support area of 1800. Looking at the daily chart, we see that […]