Orbex - Forex Trading Library

USDCHF bounces higher The US dollar steadies as Fed officials commented that further rate increases are likely. The pair is still in a slow recovery, probing for resistance as sellers take some chips off the table. The bounce has hit…
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Economists are forecasting some concerning data to be reported tomorrow. But, that doesn't necessarily mean the market will react immediately, and it could go a little under the radar. With so much attention on central banks and when they…
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USDCAD breaks higher The Canadian dollar softened after July’s employment data missed estimates. The US counterpart has made its way back to last month’s peak of 1.3380 as sellers were prompted to cover their bets, driving the quote up.…
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USDJPY rallies as BoJ stays put The yen weakens as the BoJ keeps the status quo with dovish guidance. Despite volatility after the central bank let bond yields move more freely, officials have stressed that the tweak to yield curve…
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Stock markets this week have been on the backfoot over credit risk, which has overshadowed generally positive news on the economic front. Is it time to take a more positive attitude towards the economy? Will there be a rebound soon? Or is…
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GBPUSD bounces back Cable consolidates after a modest rate hike of 25 basis points by the BoE. The pair has been drifting lower after it broke below dynamic support by the 30-day SMA (1.2800). From a daily chart perspective, the swing…
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Tomorrow is the release of the all-important July NFP numbers. This comes in the context of the Fed most recently saying they will be data-dependent on the forthcoming rate decision. Employment is the second most important data point to the…
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USDJPY consolidates gains The US dollar edged higher after July’s ADP employment data beat expectations. A rally above 141.20 has forced short-term sellers to cover, easing the bearish pressure. Now that the pair has recouped most of the…
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