Orbex - Forex Trading Library

USDCHF awaits breakout The US dollar holds steady as traders brace for the October inflation reading. On the daily chart, the price seems to be in a triangle consolidation between 0.8900 and 0.9230. The narrowing range is a sign of…
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Last week, Fed Chair Jerome Powell surprised the markets a bit by insisting that the FOMC was not confident it had done enough to bring inflation down. This saw yields in US treasuries jumping higher and the dollar gaining strength. Most…
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USDCAD tests resistance The Canadian dollar slides as oil prices struggle amid worries about demand in China. The pair is capitalising on its rebound from 1.3630 as overall sentiment has remained positive. The supply zone 1.3850-1.3890…
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GBPUSD softens over weak outlook The pound stalls as traders fret about Britain's economy flat-lining longer than its peers. A recent survey showed that consumer spending in the UK has slowed down leading up to the Christmas season,…
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Overnight for most traders, but on Friday for the Asian session, there was a bit of panic in Chinese markets. The issue appears to be resolved, but it brought up something that really worries seasoned traders: Lack of liquidity. In a…
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NZDUSD probes support The New Zealand dollar pulls lower as commodity prices come under pressure. The recent rally came to a halt at the psychological level of 0.6000 near the start of the mid-October sell-off. A break above this major…
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Last week, cable had its best performance this year after rising over 2% over the course of five days which included the Fed and BOE meetings. But, it wasn't enough to overcome the slide it has been in since peaking in July. Subsequently,…
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EURUSD holds onto gains The euro bounced after the retail sales showed a smaller-than-expected contraction in September. A surge to an eight-week high has prompted a number of sellers to cover their bets, potentially putting the single…
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