Chart of the Day – NZDUSD – (March 3rd, 2021)

The bearish argument for the NZDUSD has to be made at this level. First, the rally at the beginning of this week didn’t even allow for the Kiwi to break the 38% retracement of .7306 of the spike high to .7447 to the low of […]

NFP: Major divergence in estimates

US ADP reported private payrolls increased 117k in February, well below forecast (177k), though the 174k January gain was revised higher to 195k. The service sector supported the increase, with jobs rising 131k. In this sector, trade/transport led with a 48k increase, followed by education/health […]

Midweek Market Podcast – March 3

The Market Week – March Week 1 HotForex · The Market Week – March 3rd 2021 The focus of attention once again this week is on the Bond markets, however Treasury prices & yields have stabilized, and volatility has cooled. The pressure on the USD […]

Exxon Holding Above Key Support

Shares in Exxon Mobil have paused in their recent ascent. The energy company’s stock prices continue to hover around the 55.39 level following a break above it last week. Shares recovered from a brief dip below the level this week to trade back north of […]

Apple ahead of its Spring update

APPLE, Daily Apple, an American company founded in the 1970s, represents itself as a great example of the American dream with many success stories. The company has at least two key months every year, usually September and March. Last September, everyone was waiting for the […]

Can We Expect NFP to Grow Again?

One of the events that could potentially reverse (or at least slow) the decline in the dollar, is better jobs data. There have been a few fundamental signs from the US which have led the markets to be a little nervous, but the dollar hasn’t […]

USOIL Zigzag To Complete Cycle Correction Near 53.58

USOIL hints at a global cycle impulse that consists of sub-waves I-II-III-IV-V. Impulsive wave III completed its pattern. It was formed by the primary sub-waves ①-②-③-④-⑤. Currently, cycle wave IV which is under development may have the form of a standard Ⓐ-Ⓑ-Ⓒ zigzag. In the […]

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 […]