Orbex - Forex Trading Library

EURUSD hits resistance The US dollar clawed back losses with robust new home sales in March. The price is still trying to hold on to recent gains after rallying above this year’s high of 1.1000. A drop below the closest support at…
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Thursday will be the biggest day for the markets this week with the concurrent release of two key data points. The US reports flash Q1 GDP, expected at 2.3% compared to 2.6% prior. Alongside that is the release of Core PCE prices for Q1,…
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Major US indices seem to be subdued after a relatively poor earnings season. With big tech giants expected to deliver their data this week, will we see a jump or a fall in price action? The Dow has been on the front foot, however, it…
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More than two weeks ago we talked about AAPL shares. The current chart shows that the market is forming a correction pattern taking the form of a 3-wave cycle zigzag a-b-c. Correction b is under development. Most likely, it will end…
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EURGBP tests resistance The euro advances as traders price in a 50-bps ECB hike next week. The pair’s third attempt at 0.8860 since late March shows strong buying interests especially when it is supported by a series of higher lows. A…
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At Orbex, we are pleased to announce the launch of our “Orbex Trading Masterclass” – a live webinar series with our renowned trading professionals David Kindley and Daniel John Grady. The live trading courses will run from May to June 2023…
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Australia's CPI figures for the first quarter will be pivotal for what the RBA does next. Given what happened in New Zealand with their CPI, there is likely renewed interest in the Australian figures this time around. There have been some…
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Gold has fallen over $30 in the previous session as prices move away from the last psychological level. The yellow metal now remains under pressure as PCE and GDP data will give the next signals. So, is this simply a slight…
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In the long term, a bearish trend is forming for BABA shares. We see the final part of the completed actionary wave y and the second small intervening wave x, both of these waves are double zigzags. At the time of writing the…
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USDJPY pulls back The Japanese yen edged higher as inflation in March gathered speed. The price has met stiff selling pressure at the start of the mid-March sell-off at 135.10. A shooting star pattern in this supply zone carries weight…
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