Orbex - Forex Trading Library

While headlines are dominated by the brinkmanship over spending playing out in Washington, the Fed will release the minutes from the last FOMC meeting. This could provide markets a little break, as attention focuses on what's coming after…
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The AUDUSD pair is building a large cycle correction b. This has the structure of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The current chart shows the structure of the last part of the intermediate wave (C). This consists of minor sub-waves…
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USDCHF bounces back The US dollar finds support from recovering Treasury yields in the wake of hawkish Fed comments lately. Having seemingly bottomed out near January 2021’s lows at 0.8820, the pair could start to recover some lost…
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UK CPI will finally fall below double digits when the April report is issued tomorrow. Unless there is an unprecedented catastrophe, that is. While policymakers and politicians might cheer the results, the components are likely to keep the…
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The current markup of the SPX500 index shows the continuation of a large impulse consisting of sub-waves I-II-III-IV-V. After the cycle correction IV ended in the form of a primary triple zigzag, the price began to move…
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EURUSD struggles for bids The US dollar inched higher after the St. Louis Fed president called for another half-point hike. A bearish MA cross on the daily chart indicates waning buying pressure as the euro strives to preserve its…
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Investors have been piling into safe-havens lately, with growing worries over how the US debt ceiling issue will be resolved. But there is a twist this time: The safe haven of choice has been large tech stocks. The tech-heavy Nasdaq just…
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