Orbex - Forex Trading Library

AUDUSD breaks support The Australian dollar remains bearish after breaking through the 0.66 handle. A brief uptick could shift sentiment, however, a lift back to 0.6660 is required. This level sits on the 20-day moving average, making it…
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EURUSD preparing for another downturn The euro gears up for another downturn as US inflation holds steady. Inflation effectively decelerated in the Eurozone in December, which gave policymakers some relief. As the ECB reassesses the…
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The University of Michigan will issue its monthly consumer sentiment report later today. It will be the latest insight into the surprisingly resilient US shopper. Even as people complain that they are facing pressure from rising prices, the…
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USDJPY breaks another resistance The Japanese yen tumbled over a buoyant dollar. The dollar’s surge has now slightly exhausted as prices touched 148.00. This is a sign that the mood has remained cautious for now and an opportunity to…
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The BOJ will meet on Monday, and issue its policy decision on Tuesday. But just before that, tomorrow Japan will release its latest inflation figures. Naturally, the CPI rate will be pivotal for expectations for what the central bank will…
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USDCAD ignoring bearish divergence The Canadian dollar continues to lose ground to a resurgent greenback. The pair has moved over 200 pips since the start of the year. A break at the 1.34 level led to another rally, with 1.35 becoming…
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Canadian inflation is expected to tick higher when it is reported later today. But the core rate is expected to keep to the downward trend. It might not be enough to raise worries that the BOC will give up on rate cuts at some point this…
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EURUSD breaks 1.09 The Euro struggles to maintain its dominance over the dollar as the Fed nears the end of its tightening. The pair broke the 1.09 level as a bearish RSI divergence suggests a deceleration in the momentum. Support could…
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