Orbex - Forex Trading Library

Don’t miss your chance to attend another Orbex Trading Masterclass webinar: “Trading Technicals & Fundamentals” with leading industry expert and seasoned market analyst David Kindley.   Register to join our live webinar on Friday,…
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USDJPY breaks major resistance The Japanese yen recouped some losses after a jump in April’s CPI. A close above the double top (137.60) on the daily chart signals a comeback of the dollar and could pave the way for an extension towards…
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BOJ Governor Kazuo Ueda has repeatedly said that there are no changes to monetary policy planned for now, but the data line up is showing a different picture. The BOJ announced it was conducting a review of monetary policy, which isn't…
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NZDUSD attempts to rebound The New Zealand dollar grinds higher thanks to an uptick in the market’s risk appetite. The kiwi has retraced most of the recent gains from its late April rally. The RSI’s deeply oversold condition attracted…
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The roller-coaster ride for crude might be coming to an end, after the White House confirmed yesterday it would start replenishing the SPR as soon as June. Rumors of this circulated at the start of the week, helping provide a floor for…
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GBPUSD seeks support The pound softened after a rise in the UK jobless rate over the past three months. The pair has met buying interests near the previous swing low of 1.2440. A bullish RSI divergence suggests a deceleration in the…
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Over the last few days, expectations that the Fed won't pause at the next meeting have been creeping up. The macro data keeps painting a contradicting picture of the American economy, which could mean markets have an outsized reaction to…
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