Orbex - Forex Trading Library

EURUSD surges towards recent peak The euro soared after the ECB's eighth consecutive interest rate hike amid rising inflation forecasts. The pair has been inching up along a rising trend line from last week and a surge above the supply…
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Tomorrow sees the meeting of the BOJ, followed next week by inflation figures. In somewhat unusual circumstances, the data coming out after the central bank meeting might have a bigger impact on the market. There is a lot of scrutiny on…
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The Fed left its rate unchanged but hinted rates may go above 5.5% by year-end. If inflation does not slow down to its targeted 2% range then more surprises could happen. Gold Price dropped to a 3-month low as the greenback saw a mild…
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USDJPY bounces back The US dollar bounced after the Fed signalled another 50 bp hike by year-end despite a pause. The pair has consolidated its gains along the 20-day SMA (139.00) after rising above the key supply zone around 138.00.…
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In the long term, the AUDUSD pair forms a large correction b of the cycle degree. This has the structure of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. Two parts, sub-waves (A)-(B), can end inside the actionary wave Ⓨ. The current chart shows the…
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There is pretty much a near unanimous consensus that the ECB will hike by 25bps tomorrow. But that doesn't mean there can't be an important surprise for the markets. The post rate press conference is likely to be the center of attention,…
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US Indices finished higher yesterday after CPI data showed a moderation in consumer inflation. Focus is now on the Fed and its monetary policy decision, with economists expecting a pause in interest rate hikes. However, will markets…
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As a few weeks ago, the formation of a global bearish trend in the form of a triple zigzag continues for USOIL Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the moment, the final part of this triple zigzag can be built, that is, the sub-wave Ⓩ. Perhaps it will have…
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GBPUSD breaks resistance The US dollar sank after slow inflation raised the chance of a pause in interest rate hikes from the Fed. The market mood has stayed positive despite a choppy consolidation under the recent top of 1.2680 over…
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