Orbex - Forex Trading Library

After the dollar, the pound was the currency that most appreciated last year as the BOE was among the most aggressive rate hikers among the major central banks. But, the higher the rates go, the more they can come down. Now the question is…
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Many traders wonder how to measure the effectiveness and reliability of their strategy. They want to know how much they can expect to earn or lose per trade with their current trading system. This is where trading expectancy comes in handy.…
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USOIL remains undecided WTI crude continues its choppy consolidation as a symmetrical triangle engulfs prices. The price hit resistance at last month’s double top at 76, suggesting that pessimism still prevails. A combination of…
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At the end of last year US equities pushed higher, with the S&P 500 almost scoring a new record high. That came at the expense of a weaker dollar, helping the most traded pairs to rise. But the data that has come out since the new year…
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USDCAD eyes bearish divergence The Canadian dollar witnessed an uptick after bouncing away from the 1.32 level. From the chart perspective, the pair is looking to complete a V-shaped recovery back to 1.36. As 1.33 becomes firm support,…
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As investors try to figure out if there will be a global recovery, and how fast it will be, this week we have a series of trade balance releases. Global trade is a strong proxy for economic activity, and can give important insight into…
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USDCHF begins fightback The US dollar consolidates gains as the market looks ahead to the upcoming CPI data. The pair continues its way up after clearing 0.8400. A series of higher lows still indicate strong buying pressure. A bullish…
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