Intraday Analysis 15.10.2024 – Orbex Forex Trading Blog

As shown on the XNG/USD chart today, natural gas prices are trading around $3.960 per MMBtu — the highest level in over a month. This week’s series of bullish candles confirms strong demand. Natural gas is becoming more expensive due to concerns over the military conflict between Iran and Israel. According to media reports: →…

Are you in the UK looking to earn money in Forex? Well, I believe the UK is the best spot for Forex trading. Why? It is one of the world’s Forex capitals, with an active Forex industry offering many jobs, and the UK’s time zone is ideal for capturing trading opportunities in the most liquid…

S&P Global and CME Group have agreed to sell their joint venture OSTTRA to investment funds managed by KKR in a deal valued at $3.1 billion.  In a press release on Sunday, CME noted that the post-trade solutions provider, formed in 2021, has grown into a critical infrastructure player in the global over-the-counter (OTC) derivatives…

Let’s start by addressing the most recent and obvious fundamental happening in the last twelve hours – the September NFP report. Delayed just shy of two months owing to the US government shutdown, September’s numbers beat expectations by some margin. However, the report also noted rising unemployment to 4.4%, its highest level since 2021, as…

Plenty of Fed speakers this week will clarify the FOMC’s policy views after Chair Powell’s cautious remarks last week. With the Dot Plot signalling two more cuts this year, we don’t expect much support for the US dollar, which is looking moderately expensive in the short-term. PMIs across developed countries and the US PCE are…