Orbex - Forex Trading Library

Next will have a complicated start. The US will have a shortened trading session on Monday, and then be closed on Tuesday for Independence Day. Canada Day is on Monday, as well. Many traders will take Monday off as part of an extended…
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In the long term, XAGUSD seems to be forming a corrective trend consisting of cycle waves w-x-y-x-z. At the time of writing, an intervening wave x is being constructed, taking the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary…
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USDJPY grinds rising trend line The Japanese yen dipped after the CPI in the Tokyo area fell short of expectations in June. The pair has been climbing along a rising trend line from mid-June and the bullish mood means that pullbacks…
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The release of key industrial data from China tomorrow and next week could substantially shake up global markets. The world's largest manufacturer, and second largest economy, has been seen as the hope of driving the world's economy…
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There is a possibility that Gold in the long term builds a primary double zigzag consisting of three main sub-waves Ⓦ-Ⓧ-Ⓨ At the moment, the third sub-wave Ⓨ is under development. The wave Ⓨ, judging by the structure, takes the…
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AUDUSD tests key support The Australian dollar slumps as slowing inflation could let the RBA ease its hawkish stance. The exchange rate continues to lose ground after it failed to stay above the brief consolidation over 0.6670. 0.6580…
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Overnight, the USDJPY rose to the 144 handle which it hadn't seen since November of last year. This new weak point in the Japanese currency is just the latest in a long trend that has been going on since April. That's when markets came to…
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In the long term, the SPX500 continues to form a large impulse trend consisting of sub-waves I-II-III-IV-V. Its final fifth part is under development. After the end of the complex cycle correction IV, the price began to creep up,…
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USDCAD attempts to bounce The Canadian dollar softened after May’s CPI came out of expectations. The pair remains under pressure with a series of lower lows demonstrating a growing downward pressure after it fell through 1.3250, with a…
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Over the course of Thursday and Friday we will get the release of inflation data out of the EuroZone. With the intense debate in the ECB about the trajectory of future rate hikes, the data could be pivotal for how the Euro performs. There…
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