Orbex - Forex Trading Library

USDCAD seeks support The Canadian dollar jumped after better-than-expected employment data in August. The pair is still trying to hold onto its recent gains after a series of higher lows indicating strong buying interests. However, a…
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EURUSD retreats as ECB may pause The euro drifts lower as a September rate hike could be off the table. The ECB chief economist’s optimism that inflation was easing might weigh in amid growing arguments for a policy pause. After nine…
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Tomorrow is the start of the Fed's pre-rate-decision blackout period, in which members of the FOMC won't speak to the press. In anticipation of that, a bunch of them have done interviews at the end of this week. Investors have been keenly…
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USDJPY consolidates gains The Japanese yen struggled as the GDP reading showed a deceleration in the second quarter. A previous retracement has found support over the 20-day SMA (144.60). Then a close above the recent high of 147.30…
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The global economy is dependent on the highs and lows of different country-specific currencies. A currency pair in the forex market is a quotation of the relative value of one currency in terms of another currency. The currency that is used…
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There have been two major events recently that typically would have led to bets that the loonie would get stronger. The price of Canada's main export keeps rising, and the most recent inflation data shows an uptick. Why aren't investors…
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USDCAD breaks higher The Canadian dollar softened after the BoC stayed put at its latest policy meeting. The greenback’s limited pullback has secured bids over the 20-day SMA (1.3490). Then a jump above the daily double top of 1.3650 is…
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There is a lot of market expectation on China's upcoming August trade balance data. Of the majors, the currency most likely to be directly impacted is naturally Australia. But with the world having increasing doubts about China's economic…
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