Orbex - Forex Trading Library

EURUSD advances as ECB may hold longer The euro recovers as the market hopes the Fed will be among the first movers in easing monetary policy. Even though policymakers are trying to temper market expectations, the race is on for traders…
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The Santa Rally is a phenomenon that's more known among stock traders, but still can have an important impact on Forex. Generally, stocks rise towards the end of the year thanks to several factors, including portfolio readjustment, tax…
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USDCHF tests crucial floor The US dollar slipped after the GDP in the third quarter was revised down. The price is heading towards July’s low of 0.8550 as sentiment remains wary about the US dollar’s general softness. A ‘buy-the-dips’…
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Markets have apparently full-on embraced the prospect of a Santa Rally this year, with US stock indices scoring 6-year record growth over the last week. For forex traders, that means the dollar has been substantially on the backfoot as…
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GBPUSD seeks support Cable stalled after Britain’s inflation and retail sales numbers fell sharply in November. The price is looking to consolidate its gains after lifting offers around 1.2730. As the RSI drops back from its double top…
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Despite the BOJ doing essentially nothing at its latest meeting, the yen weakened substantially. The USDJPY jumped over two large handles in the aftermath, even with a weaker dollar. Clearly, the markets were disappointed with what just…
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USDJPY recoups some losses The Japanese yen weakened after the BoJ kept its dovish policy guidance. On the daily chart, the pair is still in a recovery mode after coming off a 12-month high of 152.00. The rebound is now taking on its…
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The last time the BOE met, it didn't have the benefit of the latest CPI figures for the country. The result of the meeting was seen as a little more hawkish than expected. Markets could interpret the upcoming inflation data releases as a…
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AUDUSD holds onto gains The Australian dollar edged higher after the latest RBA minutes revealed lingering discussions about rate hikes. A decisive break above 0.6680, a major hurdle from last August’s sell-off is a sign of a solid…
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Over today and tomorrow, the BOJ is meeting for the final time this year. The consensus for the conclusion of the gathering tomorrow is that there won't be any major policy changes. But, there will be keen focus on comments from the…
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