Orbex - Forex Trading Library

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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After the markets get shaken around by major economic events such as the four largest central banks holding meetings, there is one final major risk event before the weekend. The flash PMIs generally don't affect one currency in particular…
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NZDUSD turns south The US dollar soars as the Fed is yet to signal the end of its tightening cycle. A series of higher lows from 0.5860 indicated growing pressure from those who bought at the 10-month low. But after hitting resistance at…
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The BOJ is not expected to change its policy when it meets on Friday. But the recent comments from the Governor, Kazuo Ueda, have shaken up the market a bit. That has led to increased speculation over the meeting. Additionally, the…
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EURUSD bounces back The US dollar pulls lower as the market expects the Fed to keep rates on hold at today’s policy meeting. The pair is looking to claw back the losses from last week’s steep fall. Clearing the support-turned-resistance…
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Over 97% of traders expect the Fed to hold rates unchanged when the FOMC two-day meeting concludes tomorrow. The vanishingly small number of dissenters are betting on a quarter-point hike. That means that the bulk of the focus for this…
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