Orbex - Forex Trading Library

The dollar is set to have a busy week to start the new year. The second day of trading includes ISM manufacturing data, JOLTs report and the minutes from the last FOMC meeting. The latter has perhaps the largest potential to shake up the…
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EURUSD Awaits NFP The euro saw another shift to the upside in recent sessions as the EURUSD pair hit another psychological level. The bullish sentiment has continued since October as over 500 pips have been added. With less volume injected…
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As if there weren't enough on the economic calendar to keep Forex traders busy, politics is expected to make a notable intrusion next year. Since governments control fiscal policy, it's not a surprise that who wins an election can impact…
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AUDUSD tests resistance The Australian dollar advances as rate cut bets boost demand for riskier currencies. The pair has climbed back to last summer’s double top at 0.6900, suggesting that the Aussie may have found a bottom at the…
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What goes up must come down, is the saying. And that might apply to interest rates next year, at least if bets from the market are anything to go by. Many economists, of course, argue that interest rates will likely stay high until 2025.…
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USDCHF sinks deeper The US dollar tumbled after the 10-year Treasury yield fell to a five-month low. A drift below last July’s low of 0.8560 has accelerated the greenback downfall. A breakout below the round number of 0.8500 triggered…
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The transition period between 2023 and 2024 is setting up to be a pivotal time for the markets, and currency markets in particular. Last year, Forex was dominated by central banks across the board tightening rates in order to get inflation…
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EURUSD consolidates gains The US dollar drifts lower as traders stick to rate cuts as the theme of the upcoming year. The pair is holding onto its gains after clearing the daily resistance and the psychological level of 1.1000. The…
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Headlines have been covering the recent string of attacks on ships in the Red Sea, comparing it to the recent Suez crisis which saw global shipping disrupted. The markets had a significant reaction back then, which highlights the potential…
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GBPUSD tests resistance The pound edged lower after the GDP fell short of expectation in Q3. The pair has managed to hold onto its recent gains after lifting the daily resistance of 1.2730. A bounce off the 20-day SMA at 1.2600 indicates…
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