Yesterday, European stock markets moved substantially higher and brent crude fell below $100/bbl. Since then, it has popped back up, but it is still quite a bit lower than Monday’s peak. Crude prices topped out after the US announced it would stop buying oil from Russia, but Europe didn’t join in. However, the primary driver […]

The post What a Possible Russia-Ukraine Deal Means for Markets appeared first on Orbex Forex Trading Blog.

Oil continues its decline, dropping below $100, and it’s now more than 27% below recent highs. With Russia and Ukraine leaders reportedly discussing a possible ceasefire, the sell-off continued. There’s also a focus on the price of natural gas after lofty highs like to take a breather as we close in on the weekend. Timestamps: […]

The post StockWatch: Oil Drops Below $100, Is this the Calm Before the Storm? appeared first on Orbex Forex Trading Blog.

The major US stock indices are moving back to the upside with the NASDAQ index back near up 2.0%. The Dow and S&P are also well off session lows. Are markets applauding the more hawkish of Fed? The reactions are just that reactions. There is a full story ahead which also includes Russia/Ukraine and

Despite two back-to-back interest rate hikes by the BOE, the pound has been showing some weakness recently. That might be the product of current events having more influence than the longer-term trend. Could another rate hike at tomorrow’s meeting mean that the GBPUSD will stage a rebound? What’s been going on? The pound was gaining […]

The post What To Expect From BOE Interest Rate Decision appeared first on Orbex Forex Trading Blog.

Firstly, let’s get this out of the way: the Fed is going to raise rates at the conclusion of their two-day meeting tomorrow. 98.3% of experts agree that the FOMC will decide to raise rates by 25bps. The other 1.7% think it will be 50bps. The Ukraine factor Throughout most of last month, there was […]

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EURUSD struggles to rebound The US dollar bounces across the board as the Fed may possibly raise interest rates on Wednesday. The pair found support near May 2020’s lows around 1.0800. The RSI’s oversold condition on the daily chart prompted the bears to take some chips off the table, alleviating the pressure. 1.1110 is a […]

The post Intraday Market Analysis – USD Gains Momentum Again appeared first on Orbex Forex Trading Blog.

USDJPY rises as BOJ stays dovish The Japanese yen softens as global uncertainty takes a toll on its economy. Japan’s high dependency on energy and raw material imports means that surging prices could hurt the economy. The combination of war and sanctions around Ukraine, and supply chain shocks raise the risk of a global economic […]

The post The Week Ahead – Central Banks Juggle Inflation and Growth appeared first on Orbex Forex Trading Blog.

Last night, Goldman Sachs issued a note to clients, downgrading their forecast for the US GDP growth to 2.9% from 3.1% prior. However, that wasn’t the headline that got most of the attention from the press. Specifically, it was the addition of the chances of a recession occurring next year, between 20-35%. The downside risks […]

The post So… Is It Time to Talk About Recession Again? appeared first on Orbex Forex Trading Blog.

It has come to light that Russian entities owe more than $100bn to international banks. Goldman Sachs has disclosed that it had credit exposure to Russia of $650 million in December 2021. Also, Citigroup said last week that it had roughly $10 billion in total exposure to Russia. Will these big wall street banks have […]

The post StockWatch: Russia Owes to Wall Street Banks, Will They Collect? appeared first on Orbex Forex Trading Blog.

NZDUSD consolidates gains The New Zealand dollar inched higher supported by roaring commodity prices. A break above the daily resistance at 0.6890 has put the kiwi back on track in the medium term. A bullish MA cross on the daily chart suggests an acceleration to the upside. As sentiment improves, the bulls may see the […]

The post Intraday Market Analysis – Commodity Currencies Find Support appeared first on Orbex Forex Trading Blog.

Usually, when there is a move towards safe havens, commodity currencies take a bit of a hit. So, traders might be a little surprised to see that the AUDUSD has generally been trading higher since the massive risk-off event that was the Russian invasion of Ukraine. Sure, the pair had been moving higher throughout most […]

The post The Aussie is Trending Higher, But For How Long? appeared first on Orbex Forex Trading Blog.

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