Orbex

05:48

Orbex

In today’s #marketinsights video recording I analyse #Crude #Oil and #Gold! Despite #wti should be under pressure on the last #API build, #Brexit, #US-Sino and oil field attacks by ISIS held the commodity upbeat! Meanwhile, in UK politics the "meaningful" vote took a U-turn to what I like to call "meaningless" vote as parliamentarians did indeed approve #BoJo's...

Orbex

It looks like we have a triangle. Since they usually appear in wave B or 4, and it doesn't look like we are on a B wave, the corrective structure hints to a complex w,x,y minute wave. The complex correction is part of minor wave 4, which has a termination level above 1600, where intermediate wave 3 is likely to complete. After minor 3 top at 1557 markets...

05:35

Orbex

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...

Orbex

It looks like the corrective wave (2) of the bullish minor degree has ended at 0.7434 with an open complex w,x,y minute pattern. The recent upside looks impulsive (awe could expect a more complex pattern with a flat likely to appear) and fresh highs could be expected once a valid breakout of minor 1 top is seen. In the short-term, we could receive a deeper...

04:55

Orbex

In today's #marketinsights video recording I analyse #SPX and #DXY #Indices! Equities and Cash Indices are both affected by growing confidence surrounding #tradewars, #Brexit and of course, the upbeat US earning reports that keep coming out! With Mr Trump expecting a #tradewar deal by the middle of next month and BoJo willing to push through his latest EU-agreed...

05:25

Orbex

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...

00:51

Orbex

EURUSD could move a tad higher to complete minor wave 4 near 1.1145 before continuing lower. The said level is the 1.618% FE of wave 1/2 correction and also the 50% FR of minor waves 2/3. Look for a valid breakout below 1.099 for medium-terms shorts but keep a cautious eye on short-term longs as the correction could end soon. Should prices move above 1.1194 it...

05:46

Orbex

In 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...

Orbex

It looks like the corrective wave (2) of the bullish intermediate degree has ended at 106.74 with an open triangle pattern formed in minor wave C of the A,B,C correction. The recent breakout outside the triangle barriers looks impulsive (as seen in minute 5-wave upside move) and fresh highs could be expected. In the short-term, we could receive a brief pullback...

05:04

Orbex

In today's #marketinsights video recording I analyse #XAUUSD and #WTI Oil! Gold Lower on: - Brexit optimism despite running out of time - Banks reporting good Q3 results, and equities rising - US-Sino on a stalemate, allowing new-coming flows to take over Crude Oil Lower on: - IMF downgrading growth again, again - Dismissed excitement surrounding limited trade...

Orbex

It looks like the corrective minor wave 4 has ended a tad above the strong 1.1025 resistance, taking our breakeven stops. The recent attempt to push prices higher is most likely done for now and fresh lows could be expected. Minor wave 5 is expected to end below the most recent low of 1.0880, where intermediate wave 3 will also see its end. The intermediate wave...

04:14

Orbex

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...

03:53

Orbex

In today's #marketinsights video recording I analyse #SPX500 and #DXY SPX Bid on: - US-China limited deal - Brexit front optimism *Performance depends on deal details and US earnings! US Index Down on: - Trade optimism - Fed willing to cut again And despite UoM was upbeat! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general...

Orbex

It looks like the corrective intermediate wave is going to end soon. The recent attempt to push prices higher is most likely going to end with a minor C or Minor Y. -Minor C: a) The correction takes an A,B,C formation. That would see wave A undone as minute wave 5 is not yet completed and could take C anywhere between 75 and 78.45 b) The correction takes an...

05:38

Orbex

In today's #marketinsights video recording I analyse #GBPUSDand #USDCAD FX Majors! GBPUSD records best day in months - Johnson-Varadkar see "pathway to deal" by end of October - Despite GDP and MAnufacturing data disappointed USDCAD down on tradewr optimism - Trump changed mind and now is open to a partial deal - Willing to and will meet He on Friday to resume...

00:50

Orbex

USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower. Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25 Look for a valid breakout above minor 1 at 6.0373! Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near...

04:38

Orbex

In today's #marketinsights video recording I analyse #gbpchf and #audjpy minors! Both pairs are showing an identical pattern and are indeed influenced by: AUDJPY - Tradewar tensions but latest from positive developments on the back of a potential partial deal Chinese are willing to do - Positive Home Loans in AU and negative BoJ Corporate Goods Price Index...

05:41

Orbex

In today's #marketinsights video recording I analyse #wti #oil and #gold Gold and Oil affected by (what moves gold up, weakens oil): - Tradewar tensions after Trump imposed visa restrictions to Chinese officials - A worsening growth outlook for global economies - Potential early election in the UK as hopes of Oct resolution fade away - Fed's short-term bond...