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 […]

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, […]

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 […]

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 […]

EURAUD capped by falling channel Despite Australia’s soft retail sales number, the euro remains under technical pressure. The pair has been sliding within a bearish channel since last October and the eurozone’s retail reading today is unlikely to change the course. As the pair rebounds […]

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: EURUSD​​ 00:30​ XAUUSD​​ 02:25​ AUDJPY​ 04:15​ EURCHF​ 05:50​ Join our responsible trading community […]

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 […]

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 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 […]

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​ – […]