Orbex - Forex Trading Library

A busy week for the financial markets is coming up.  Here's a quick recap of the market-moving events we can expect. Central Banks The week ahead will see the US Federal Reserve and the Bank of England holding their respective monetary…
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Japan is giving us an early start to next week's economic calendar. A host of data relating to trade and industry will be coming out during the Asian session. With Japan being so dependent on trade and their annualized GDP barely…
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EURUSD Retreats From 10-day High Following a 3-day streak, eurodollar finally saw a rejection at $1.1340. German inflation CPI data added a negative sentiment to the pair, which provided investors with sell opportunities. Despite an array…
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A full AB=CD corrective formation would take the commodity to $15.70. Bespoke resistance is located at $15.60. Although the long-term picture is mixed, we look for at least a larger correction to the downside.
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UK The UK parliament rejected a no-deal Brexit on Thursday evening. This leads to speculation that the UK might formally ask the EU for an extension to the March 29 Brexit deadline, putting further uncertainty into the UK's exit from the…
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A full AB=CD corrective formation takes the index to 22100, close to the possible right shoulder. We look to sell into rallies
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The Bank of Canada held its monetary policy meeting last week on Wednesday. As widely expected, the central bank left the key interest rates unchanged amid a sudden and a sharp slowdown in the nation’s economic growth in the final months of…
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