Orbex - Forex Trading Library

There is renewed attention on the upcoming NFP data release after the surprise move by the Fed on Wednesday. Though surprise really should be in quotes, since the FOMC essentially committed to doing what it said it would do all along. Fed…
Read More

USDCAD gives up gains The Canadian dollar recouped losses after hitting a firm double top. The pair recovered to the downside on the chart as the 1.3400 level was tested. A break above the previous resistance of 1.3460 could ease some…
Read More

The main focus for the upcoming BOE rate decision will be potential interpretations for future actions. The consensus among economists is universal that the BOE will keep policy unchanged. But there is considerable debate as to when it will…
Read More

XAGUSD attempts recovery Silver awaits a full recovery from the recent bounce at $22 as traders are eyeing the Fed’s policy meeting. The precious metal is still grinding the support-turned-resistance of 23.00. Last week’s recovery saw a…
Read More

Time is running out for the Fed, if it's going to match the market's rate projections for this year. If it doesn't, then the dollar and US equities could get riled up this week. Given the anticipation for rate hike starting soon, tomorrow's…
Read More

AUDUSD stuck in consolidation The Australian dollar continues its sideways trend as traders remain hopeful of a cut in the Feds rate. A tentative bounce off the 0.65 handle fuelled bulls enthusiasm and could lay the foundation for an…
Read More

Get ready to trade the NFP LIVE with our leading experts!  Join our resident US market specialists, David Kindly and Daniel John Grady for an exclusive live webinar on the upcoming Non-farm Payrolls release, on February 2nd, 2024.  All…
Read More