Orbex - Forex Trading Library

USDJPY tests resistance The lack of concrete signs from the BoJ to normalise its monetary policy continues to take a toll on the yen. Coming off its 12-month high of 151.70, the pair is looking to hold onto its recent gains above the…
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It's somewhat unusual that both the dollar and gold are trending upwards. But that's been the situation lately, and there is usually one major reason for that to happen: Investors are looking to safe havens. If it gets bad enough, that…
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USDCHF seeks support The US dollar plunged after weak NFP cemented expectations that the Fed would hold interest rates steady. A drop below the closest support of 0.9010 led to a liquidation of intraday long bets. 0.8950 is the next…
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EURUSD bounces as ECB may not push further The euro struggles as economic data across the euro zone remain gloomy. Both GDP and manufacturing activity showed a contraction in the third quarter, but the good news is that inflation is…
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The Yen got a boost yesterday after press reports suggested that the BOJ was moving towards ending its ultra-easing policy. But, it's not surprising that many traders were a bit skeptical. It's not the first time that the media had reported…
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GBPUSD recoups some losses Cable advanced after the BoE emphasised that it would not cut interest rates any time soon. The price is treading above 1.2050 trying to hold onto the gain from its recent bullish breakout. 1.2290 right under…
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US jobs numbers are now in focus as investors try to figure out if the Fed has gone too far with the rate hikes. With core inflation continuing lower and the strong GDP growth, there is a certain amount of uncertainty about where the…
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EURGBP seeks support The pound steadies ahead of the Bank of England's policy announcement. The pair is consolidating its gains after rising above the daily resistance of 0.8700. Sentiment remains overwhelmingly bullish though…
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