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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
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ORBEX: Keep and Eye on Coronavirus & Today's BOC!Markets remained somewhat muted at the start of the impeachment trial despite Trump’s talk at Davos as concerns around the deadly coronavirus mounted. It’s going to affect Asian economies for sure due to weakening consumer spending unless if it will be contained asap, and perhaps the emerging markets too. In Europe, German and UK macros were seen increasing risk appetite, however, with ECB and #Brexit on the spotlight we could see participants take on a cautious approach on euro and pound now and shift their focus on today’s BOC policy decision. Trade safe 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: With US-China Done, All Eyes on Brexit Now!The US and China signed a partial deal yesterday, putting a temporary stop to global uncertainty! Without that being the end of the trade war, at least we can now wait and see if China respects the signed terms over the next few months... Are emerging markets affected by the fresh rhetoric since China is supported, or should we just focus on monetary policy, particularly in South Africa today? Market participants will now look at the EU and UK for a resolution on the Brexit front. Will the House of Lords prevent a January exit? And how will the EC react about an 11-month transition if they won't? Watch our analyses on euro-pound and the SA rand! Timestamp EURGBP 8H 02:15 USDZAR 8H 04:45 Trade safe 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: Gold & Oil Sensitive to Trade Deal Text!Gold’s recent muted performance has been owed to missing trade deal details! With the text likely to surface some time today or overnight following the official sign-off, market participants will see exactly what’s been agreed and whether this makes a good case for a buy or a sell. Oil’s decline, however, has been owed to inventories build! Will the EIA save the day? Or are we going to see trade details taking charge of this market too? Timestamps XAUUSD 4H 02:20 WTI 4H 05:00 Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:USDWTI
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ORBEX: EU/UK Free-Trade Agreement Under ThreatWith US-Iran de-escalation traders shift their focus on Brexit talks and safe-haven outflows! The new EC President threw doubt into a free-trade agreement in her visit in the UK to initiate talks. And this could have a reversal effect on the uncertainty we saw removed over the past few weeks. Watch me analyze GBPNZD and CADJPY for further technical insights and as I apply Elliott waves. Trade safe 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: Risk Softens As Iran's Retaliation Options LimitedIran will most likely retaliate and perhaps the first move will involve the disruption of oil shipments through the State of Hormuz. But, what will China say to that, given nearly 50% of its imported oil comes from the Gulf region? For now, risk is scaling back and that’s obvious from yen outflows. Watch how the euro and dollar could perform over the next few days. Timestamps USDJPY 4H 01:30 EURUSD 4H 03:30 Trade safe 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: FX Majors Remain Bid int he New Year! Will It Last?The FX majors stretched into 2020 firm, spelling a strong term against a weaker #dollar! Will this continue being the case though when uncertainty around #tradewar and #Brexit remain elevated? Take a peek at our #elliottwave analysis for some technical insight at least. Timestamps EURUSD 1H 01:45 USDJPY 1H 03:30 GBPUSD 1H 05:50 Trade safe 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: Equities Rally Continues But Risks Remain Elevated!Equities and the US Index hit the levels we expected last week, however, participants remain encouraged on “phase one” and Brexit conclusions. Will the rally keep on in 2020 or have investors really misplaced the recent concessions? The risk of deteriorating relations remains elevated in our opinion! Timestamp DXY 4H 00:20 SPX 4H 02:45 NASDAQ 4H 04:55 Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
TVC:NDQ
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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
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ORBEX:Indices Following US-Sino Deal & Trump's Impeachment Vote!In today’s market insights I will talk about the cautious market reaction to the US-China trade deal announcement and what to look for in this week’s volatile session! Yes, I am still expecting markets to move considerably despite the festive season approaching. I analyze the leading NASDAQ and the US index and explain why I expect equities to continue higher! Timestamps NAS100 2H 01:40 DXY 2H 05:00 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
TVC:DXY
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ORBEX: "Tariff-Man” Return Risk-Positive, PMIs Weighs on Dollar!In today’s market insights I talk about Trump’s latest tactical move to intimidate China into a partial deal! With China having retaliated for the HK bills and manufacturing data confirming that the trade spat is now weighing on on the US economy, risk appetite returns with the Tariff Man! Will tariffs against Brazil and Argentina push China in the corner, or the dollar itself? 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: Gold Up Despite Trade Flows, WTI Muted on API OffsetIn today’s market insights I talk about how the latest trade war and API developments affected the prices of gold and oil. Gold appreciated while trade optimism increased! That was owed to poor US data, however! But I do expect the upside to be limited! Crude, although supported by positive trade ware narratives, ended the session muted as bullish flows were seen offset by a build in the weekly API report! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
FX_IDC:USDWTI
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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.
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ORBEX: EURAUD Correction Likely To Lead To Further Upside!EURAUD could move higher to complete minor wave 2 above 1.6800 levels. Before continuing higher, it is necessary to complete the minute correction that started at 1.6800 top. With a low at 1.618% FE at 1.5900 round level, which is also a double bottom level, the correction could have either ended as a single zigzag or has another bearish leg down between 1.59-1.55. Look for a valid break above 1.6300 top but before reaching there focus on whether a potential upside is limited to 1.6240 -the 50% FR of 1.6435-1.6045 (minute x wave top to current low price). Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
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