2023

Gold prices continued their September fall into October. That is, until the ADP reported a surprise drop in the number of people hired. That brought at least a temporary end to the largest losing streak for the precious metal since 2017.…
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EURGBP awaits breakout The euro dipped as ECB policymakers reaffirmed the peak rate in the current tightening cycle. Sentiment has improved after a tentative break above July’s peak of 0.8700. The pair is now consolidating its gains over…
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On the bottom of your MT4 trading terminal, under the trading tab, you've likely noticed a column that says "swaps". At Orbex, you can also find these available on our website. If you are a day trader, you probably just ignore it, because…
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The consensus among economists is that September's NFP data will be in line with the previous three months. This is relevant to the outlook for the dollar, because of comments from Fed Chair Jerome Powell in the aftermath of the last policy…
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USDCHF consolidates gains The US dollar tries to hold on to its gains as traders await September’s nonfarm payrolls. A close back above the recent peak of 0.9220 was an indication of a persistently upbeat mood as buyers doubled down on…
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As central banks move to step back from intervening in their currencies at every meeting, the fundamentals of forex are starting to reassert themselves. That is particularly the case for export-oriented economies. The primary use of foreign…
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USDJPY hits major resistance The yen snapped back amid rumours of a possible Japanese authority’s intervention in the currency market. Traders have been on their toes as the pair slowly made its way back to the psychological and…
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The NZDUSD has been under pressure for a while, with the major event that could potentially reverse that being the upcoming meeting for the RBNZ. The Kiwi central bank meets hard on the heels of its Australian counterpart, which held rates…
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