Orbex - Forex Trading Library

Trading as a profession is a solitary business, so having your own goals can be one of the best ways to stay motivated and determined. With the start of a new year, it is essential to take stock and create actionable goals, after careful…
Read More

The Federal Open Market Committee is the entity at the Federal Reserve that makes monetary policy decisions, and so the opinion of its twelve members is important to consider when trying to figure out what the Fed might do in the future.…
Read More

EURCHF – Broken out of the channel formation to the upside Weekly: EURCHF has found support at the lower end of a bullish channel on the weekly chart. This also coincides with major support at 1.1180. If EURCHF closes above its current…
Read More

The USD declines following the Fed minutes dissipated as the greenback managed to regain its dominance. The economic data on the day saw the release of the European Central Bank's meeting minutes. The ECB, in its minutes, revealed how…
Read More

The week is set to close off with major events on the economic calendar, giving us some potential for volatility in USD-denominated pairs. At 8:30 EST (or 14:30 CET) we have the release of US inflation data, which everyone is interested in…
Read More

Do you dream of the day when you can trade in your desk job for a little more freedom? This often carries a certain amount of risk, which isn’t for everyone. However, if you can deal with an amount of uncertainty and have been trading and…
Read More

With Demark posting a 12 count on the daily chart (13 is exhaustion) we look for limited downside. We are possibly forming a reverse Head and Shoulders pattern. We look for a break of resistance to the upside.
Read More

The U.S. dollar eased as some Fed members commented that the central bank should be patient in hiking interest rates. Similar views echoed from the release of the FOMC meeting minutes on Wednesday. A weaker USD currency sent most of its…
Read More

Consumer prices in the Eurozone slowed down in December. Although the markets were expecting to see a slowdown, the decline was in the books with inflation rate moving further away from the ECB’s target rate of 2.0%. This was according to…
Read More

The last time we checked in on the ongoing US-China trade dispute, the two countries had granted a 90-day truce and were scheduled to hold a two day meeting at the beginning of the week. The meeting was extended for another day, with…
Read More