tavros, Head of Investment Research at Orbex, is a certified investment professional that has been involved in the FX markets as a trader and analyst for nearly 5 years. He covers both fundamental and technical aspects of trading with a specialization in core institutional trading strategies. As an engineer by trade, his analytical mind allows
0 Comments
Retail sales edged down 0.1% to $50.4 billion in December. Lower sales at gasoline stations (-3.6%) were partly offset by higher sales at motor vehicle and parts dealers (+1.0%). Excluding gasoline stations, retail sales increased 0.4%. After removing the effects of price changes, retail sales in volume terms increased 0.2%. Retail sales declined 0.5% in
0 Comments
Gold has steadied in the Friday session, after sustaining sharp losses on Thursday. In North American trade, the spot price for one ounce of gold is $1326.27, up 0.22% on the day. There are no data releases out of the U.S., so we could see an uneventful North American session. Gold tumbled on Thursday, following
0 Comments
The trade war between China and the US will end soon. Perhaps, by March or by May at the latest. That’s according to XD Chen, Chief China Economist for BNP Paribas. “We remain confident in expecting a reasonable trade deal either in March or before May, with March more likely, in our view,” says Chen.
0 Comments
The cross remains close to YTD peaks beyond 10.6000. Riksbank minutes showed members remain optimistic on outlook. Riksbank Ingves talked down recent poor CPI figures. Another day, another drop in the Swedish Krona. EUR/SEK is extending the rally so far this week and is now navigating in the middle of the daily range around the
0 Comments
Gold (XAU) Price, News and Chart: Gold slips as market grab a risk-on bid. Higher highs and lows dominate the Gold chart. Q1 2019 Gold Forecast and Top Trading Opportunities Gold’s sell-off from Wednesday’s 10-month high remains intact as financial markets continue to trade with a risk-on bias, boosted by US-China trade hopes, while a
0 Comments
The economic calendar for next week gets an early start with key data from New Zealand during the Sunday Asian session. This data release gets extra attention because it’s a data set that we would typically expect to receive monthly. However, in New Zealand, we only get to see it quarterly. Here’s a look at what’s
0 Comments
Investors optimistic about Sino-US talks A pretty flat open is expected in European markets on Friday, as we wrap up another week one step closer to a US-China trade deal and hopefully one week closer to a Brexit agreement. With major central banks around the world in a much more accommodative place now compared with
0 Comments
According to Vladimir Miklashevsky, senior economist at Danske Bank, the US economic data demonstrated weakness across several indicators, with only initial jobless claims keeping a spark of positivism. Key Quotes “The ISM-adjusted Philly Fed release at 52.4 was the poorest reading since October 2016, while the Philly Fed headline index went negative for the first
0 Comments