Orbex - Forex Trading Library

EURJPY tests resistance The yen slumped after a Reuters poll showed a slowdown in core CPI in August. On the daily chart, the pair is consolidating after clearing the double top at 158.00. The directional bias would remain up as long as…
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USDJPY awaits BoJ policy signal The yen inches towards an 11-month low as traders ponder the timing of the BoJ’s big unwind. As inflation has been above the central bank’s 2% target for over a year, a buildup in hawkish comments by…
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Next week, the economic news cycle is going to be dominated by the big central bank events, such as the FOMC meeting. But some of the smaller data points could get missed in the shuffle. Among them, some potentially good news for commodity…
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EURUSD breaks lower The euro tumbled after the ECB signalled the end of its interest rate hike cycle. After a short-lived grind over the key demand zone 1.0650-1.0690 around last June’s low, a bearish breakout has seriously dented the…
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Earlier in the week, OPEC released its monthly report, which included forecasts for next quarter's demand and supply. According to the cartel, demand in Q4 will exceed supply by over 3M bbl. That explains the recent increase in oil prices.…
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It's well known that markets are driven by emotions, despite the best efforts of traders to be as rational as possible. The two main ones are fear and greed. Investors are afraid of losing money, and they are greedy about making money.…
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AUDUSD tries to recover The Australian dollar bounced back after job data in August beat expectations. The pair has found a steady ground above 0.6370 and is making another rebound attempt. 0.6460 on the 20-day SMA is the immediate…
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Yesterday, it was reported in the financial press that even the members of the Monetary Policy Committee don't know what will happen at tomorrow's ECB rate decision. The Financial Times classified the meeting as the hardest to predict since…
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