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Cable

Why did cable head higher yesterday?We're simply looking at the difference between two stimulus regimes. With the BoE indicating that there would be a cap to stimulus, whilst the Fed earlier last week pretty much took a 'whatever it takes' stance, the longer term differential in narrative was created. Whether that sustains is a different story, since context can change rapidly, but intraday, those comments let to higher UK yields which creates an implied appreciation in cable.
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ORBEX: EURUSD and AUDUSD Reach Critical Intersection!The Coronavirus keeps spreading, weakening Aussie despite the upbeat jobs numbers as markets take a less risky approach to the heightening threat. Technicals indicate that Aussie and Euro move hand to hand, with the former falling following a ‘holding’ ECB! Now both are corrective and at a trendline low! Pound, on the other hand, does relatively well as rate cut expectations diminish! Will it continue long? Well, PMIs could tell... Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
ORBEX: BOJ Triggers Yen Longs, All Eyes Turn to Davos WEF ThoughThe BOJ held interest rates unchanged overnight, however, the policymakers decided to push 2020's growth forecast up on the back of the sales tax introduced back in October. Yen was supported overnight, offering some USDJPY shorts. Markets wait for the UK’s jobs numbers and also EA’s ZEW release to find intraday opportunities of GBPUSD and EURUSD. Meanwhile, Trump will speak at Davos' WEF in a few hours on his #impeachment trial opening day. Let's see how this one is going to pan out... Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
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ORBEX: Risk Up on LOWER TARIFFS As China Announces Import Cuts!China announced they will be lowering tariffs on a number of items come January 1st, making markets looking more festive ahead of Christmas! Aussie and Kiwi took the headlines with a positive tone, however, Cable kept entering lower territories on the back on post-election no-deal fears! Will the Santa rally continue? Have a look at our Elliott Wave analysis for further clues! Timestamp AUDUSD 2H 01:15 NZDUSD 2H 04:10 GBPUSD 2H 06:20
by Orbex
ORBEX: Pound Supported As MRP Vote Share Predicts Tory Win!In today’s market insights I talk about YouGov’s MRP (multi-level regression and post-stratification) poll and how predicting UK’s vote share with 93% accuracy in the past supports the British Pound! Aside from politics potentially moving the UK markets today, we have important GDP data coming out from Canada too. And this is likely to affect loonie. The recording explains what I am expecting in the short and also medium-term for both GBPUSD and USDCAD. Don't miss out on information that can help! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
ORBEX: Brexit Hopes Up on Tory Lead, Trade News Fail to Lift FX!In today’s market insights video recording I talk about the pound rally and how the cable is likely to perform now that polls show a comfortable Tory lead! I also explain why #Aussie isn’t moving higher while risk-on mood increases high-beta bets amid the latest #tradewar headlines that a deal is indeed possible before Christmas! What are markets waiting for? Watch what Elliott waves have to say! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
ORBEX: Correction Could Have Ended At 1.2767 Low! What Then?GBPUSD could have ended the wave minor 4 correction at 1.2768 Nov 8 low. This scenario sees the current structure as impulsive with minute waves 1,2 and 3 (perhaps 4 too) completed. In case prices slide below 1.2886 we could see the end of minuette wave a, then receive a b and c lower as part of an a,b,c zigzag. However, if prices break above 1.2940 the chances that we will see minute wave 5 creating fresh highs could increase. This could be followed by a minute correction a,b,c, and then another bullish impulse to complete minor wave 5 (intermediate wave 3). Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
ORBEX:GBPUSD, EURUSD, USDCAD - Exit Or Extension? Trudeau Wins!In today’s #marketinsights video recording I analyse #GBPUSD, #EURUSD and #USDCAD! Another failed Johnson attempt to get Parliamentarians to vote supports the #pound as now chances of an extension increase! Both an October exit (highly unlikely) or an extension could see mainly #pound and in a smaller degree #euro gain. Meanwhile, in Canada Trudeau won the elections again! This is likely to weigh on technicals more as fiscals are going to remain unchanged.. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
ORBEX:GBPUSD,EURUSD -A Real Brexit Deal, OR Another Failed Vote?In today's #marketinsights video recording I analyse #EURUSD and #GBPUSD #FXMajors! Pound Bid on Brexit agreement with EU. BoJo nee's to break DUP and opposition resistance and get deal through Parliament. Expected over the weekend! Euro supported by positive news and despite Germany revised GDP downward. Risk appetite up in general with #Aussie, #Kiwi, #Loonie all up! Meanwhile, the #EUSummit continues. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
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ORBEX: Syria Operations Weaken TRY, Brexit Looks Good Pre-SummitIn today's #marketinsights video recording I analyse #USDTRY and #EURGBP #FXMinors! Turkish Lira Under Pressure on: - Risk of sanctions - Launch of military operations in Syria - Bank charges for money laundering and fraud - Breather short-term amid US Retail Sales Pound Higher on: - Negotiations optimistic ahead of EU Summit - BoJo's attempts to get deal through better than May's - New customs border in the Irish sea; proposal - EU likely to agree on that deal, then through parliament Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
ORBEX: GBPUSD, AUDUSD: Trade And Brexit Deals Fall Short!In today's #marketinsights video recording I analyse #GBPUSD and #AUDUSD Pound Lower on: - Highly complex proposal for a double customs system - Nothing substantial or "workable" submitted to EU Aussie Lower on: - Tradewar shift, again, as tariffs part of the limited deal - Phase one not documented, China needs confirmations Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
ORBEX: USDJPY, GBPUSD: Tradewars, Brexitwars! What Next?In today's #marketinsights video recording I analyse #usdjpy and #gbpusd USDJPY affected by: - China announcing ready for a partial deal - Fed Chair not as dovish, and expected to remain the case today - US troops withdrawal from Turkey-Syria borders (perhaps to distract from impeachment inquiry?) But with Thursday's talks resuming and Trump blacklisting Chinese entities this could change rapidly! GBPUSD affected by: - Lord Pentland ruling out the need to extend withdrawal from EU - Increasing chances of hard Brexit -now over 60% Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
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ORBEX: GBPUSD, USDCHF - Another Fed Cut?, BoJo's Plan Falls FlatIn today's #marketinsights video recording I analyse #GBPUSD and #USDCHF #GBPUSD moves on: - BoJo plan optimism on Commons - BoJo plan falling flat on Good Friday agreement threat - BoJo plan creates new borders, still seen as backstop #USDCHF looking bearish on: - Weak ISM NMI - Increased chances of rate cuts - HIgher fears of recession All eyes on NFP today! Can watch live here: www.orbex.com Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
ORBEX: EURUSD, USDJPY, GBPUSD On The Move!In today's #marketinsights video recording I analyse EURUSD, USDJPY and GBPUSD #Euro down on: - Disappointing German Manufacturing PMI (actual 41.4 vs expected 44.1 vs previous 43.5) - ECB could have made a mistake talking somewhat 'neutral' - Draghi's speech hinted to high uncertainty, decision-making harder and harder #Yen down on: - Disappointing Japanese Manufacturing PMI (actual 48.9 vs expected 49.8 vs previous 49.3) - Potential stimulus measures - Potential US-Iran deal #Dollar up on: - Trade talk optimism - Markit Manufacturing PMI (actual 51 vs expected 50.4 vs previous 50.3) #Pound down on: - Thomas cook sentiment - Parliament prorogation sentiment - Barnier's pessimistic comments Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex