More I think of it, more it seems to me like a carefull planed attack.
First, Watcher tries to grab Frodo and the Ring, after that blocks the gate and traps the Company inside. Company is allowed to proceed into Moria and then attacked when already tired from long walk in the dark.
First orcs attack and wear the defense, and then Master comes for prize.
Luckily orcs were unsuccsefull and Gandalf saves the Company.
[As for whether the Orcs were under its control, judging by the fact that at its presence all the Orcs were terrified of the 'ghâsh' (Orcish word for 'fire', in reference to the Balrog), I find it unlikely that they were under its command.
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It is odd that if orcs were so disturbed by fire and not under Balrog's control, why do they live so close to so terrifying neighbour. Dwarfs are gone, they could move on...
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