Orbex - Forex Trading Library

GBPUSD awaits inflation catalyst The higher beta pound edged higher supported by improved global market sentiment. The rate differential has tilted in the pound’s favour after market participants bet on an end to the Fed’s tightening…
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Tomorrow sees the unofficial start of Q1 earnings seasons with reports from the largest banks in the US. Given the recent crisis in the financial system that saw three regional banks in the US collapse, plus the emergency takeover of Credit…
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The USDCHF pair most likely forms a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final primary wave Ⓩ can end in the form of a standard intermediate zigzag (A)-(B)-(C). Wave (A) is a 5-wave bearish impulse and wave (B) has a horizontal…
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USDCHF breaks lower The US dollar tumbled over cooling inflation in March. The price action has remained under pressure after it dropped below the daily support of 0.9070. A limited rebound saw stiff selling pressure at 0.9120 with a…
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Cable is back in focus with a data point that could move the consensus on what the BOE will do at its next meeting. The latest survey of economists shows a 67% chance that there will be another quarter point rate hike. The remainder expect…
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The USDCNH pair is building a double zigzag w-x-y of the cycle degree. On the current chart, we see that the intervening wave x has ended in the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It is assumed that the initial part…
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EURUSD bounces back The euro inched higher as retail sales across the bloc beat expectations in March. After bouncing off the daily swing low of 1.0540 the single currency is striving to resume its uptrend from last November. The…
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