Orbex - Forex Trading Library

AUDUSD tests key resistance The Australian dollar soared after a hawkish RBA pressed on with a surprise 25 basis-point rate hike. The pair jumped above the first supply area of 0.6660 and might give the bulls a fighting chance after…
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There is a pretty strong consensus that the Fed will hike by a quarter of a point at the next meeting. But what could really throw the markets for a loop is what happens after that. Most traders for the moment expect a pause. But recent…
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The NZDUSD pair seems to be forming a correction zigzag pattern consisting of three primary waves Ⓐ-Ⓑ-Ⓒ. The first impulse wave Ⓐ has been successfully completed. The bearish correction Ⓑ is under development, its structure is…
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GBPUSD seeks support The US dollar recoups some losses ahead of the FOMC this Wednesday. The latest horizontal consolidation has managed to stay above the 30-day SMA and suggests that the bias remains bullish in the medium-term. A…
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Since the banking crisis last month, there have been two main reasons that central banks have toned down the hiking. The first one is relatively straight-forward and obvious. The second one gets mentioned in passing, but few articles delve…
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EURUSD advances ahead of ECB hike The euro firms up as the ECB is expected to lift interest rates by 25 basis points. On the surface, Eurozone headline inflation slowed down last month but core readings remained stubbornly high. The…
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Get ready to trade the NFP LIVE with our leading experts!  Join our resident US market specialists, David Kindley and Daniel John Grady for an exclusive live webinar on the upcoming Non-farm Payrolls release, on May 5, 2023.  All eyes…
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Three weeks ago we talked about the SPX500 index. We see that the market is still continuing the development of a large impulse consisting of sub-waves I-II-III-IV-V, or rather its final part. In the autumn of 2022, a cycle…
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