Orbex - Forex Trading Library

Next week is going to be busy, with potentially a lot of volatility in the markets. It's going to start off with a bang, considering the release of a series of preliminary PMI figures for July. PMIs often move the market because they are…
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USDJPY attempts to rebound The Japanese yen recoups some losses over an uptick in June’s CPI reading. Sentiment has turned cautious after the greenback fell below the daily support of 138.50. A bullish RSI divergence showed a slowdown…
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Yesterday the UK reported inflation falling more than analysts had predicted. It's the latest in several countries to report the same. Earlier in the week, Canada reported an unexpectedly large drop in inflation, returning to the target…
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GBPUSD seeks support The pound tumbled after the UK’s consumer price growth showed a noticeable slowdown in June. A clean cut below the first support and the round number of 1.3000 suggests that short-term buyers have trimmed their…
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Japan will release some key data over the coming days that could provide some directionality for the JPY. The yen hasn't been acting all that "normally" recently, as traders hang on comments from Japanese officials that might indicate…
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AUDUSD seeks support The Australian dollar retreated after the RBA’s meeting minutes deemed its policy restrictive enough. The newly formed double top at 0.6900 is a sign of tempered enthusiasm after last week’s rally. A combination of…
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USDCHF struggles for bids The US dollar tries to stabilise after the market saw a low probability of further interest rate increases after July. The sell-off seems to be slowing down after the RSI repeatedly showed a deeply oversold…
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Headline inflation in Canada is expected to fall back to the top of the target range, which would normally imply that rate hikes were done and over with. But the current situation is unusual, and the markets might end up pricing in more…
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