Orbex - Forex Trading Library

USDJPY grinds higher The yen tries to stabilise as Japan’s Finance Minister warns of potential intervention. The pair continues to grind its way up after lifting offers around 149.00 at the start of a sell-off back in November. A series…
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The Fed's rate decision last week sent a shock to the system that has left the dollar stronger on the back of a somewhat shaky outlook. The yield on US debt rose on the expectation that interest rates will be higher in the coming months.…
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EURUSD drifts lower The euro weakened as traders doubled down on the rate differential after the ECB’s pause. After breaking below May’s low of 1.0650, a limited bounce came to a halt at 1.0740 on the 20-day SMA, suggesting that the…
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The USDJPY rose dangerously close to the 150 level over the weekend, which has sparked renewed speculation that Japanese authorities will do something to prop up the yen. BOJ Governor Kazuo Ueda spoke on Monday but didn't provide any…
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USDCAD tries to stabilise The Canadian dollar gave back gains after a modest increase in retail sales in August. The latest rebound came to a halt in the supply zone 1.3520 from a previous bearish breakout. A close back above this…
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EURUSD steadies as rates to remain high The euro bounces back as the ECB vows to keep interest rates restrictive for a while. The central bank has signalled a conclusion to its tightening cycle after lifting its key rates for a 10th…
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Elasticity of supply isn't something that you hear much talk about when it comes to gold. In fact, one of the selling points of gold is that it is so rare that the amount in the world is kind of fixed. That means it holds its value better…
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USDCHF tests important ceiling The Swiss franc tumbled after the Swiss National Bank unexpectedly paused its interest rate hikes. A jump above the psychological level and July’s high of 0.9000 has sent a strong signal that the buy side…
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