Orbex - Forex Trading Library

Crude prices have been on something of a roller coaster over the last month and a half or so. While analysts point to individual news items around each price move, getting a handle on the general trend is a lot more complicated. The…
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In the long term, XAUUSD forms a primary double zigzag consisting of sub-waves Ⓦ-Ⓧ-Ⓨ. The primary sub-waves Ⓦ-Ⓧ have already been formed with wave Ⓨ under development. Wave Ⓨ will acquire a standard zigzag pattern. Intermediate…
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AUDUSD seeks support The Australian dollar inches higher over accelerating inflation expectations. The selling pressure has eased after the pair cleared the support-turned-resistance at 0.6720. Then a pop above the April high of 0.6800…
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The BOE is the last of the major banks to hike this cycle, and the expectation is that it will follow its peers - with a twist. Last week, the ECB and the Fed both hiked by a quarter of a point, but then implied that further rate hikes…
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EURUSD awaits breakout The US dollar stays rangebound as traders await the April CPI data. On the daily chart, the pair is grinding along the dynamic support from the 20 and 30-day SMAs. As sentiment remains upbeat from the medium-term…
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US inflation is expected to fall but could provide a good argument for another Fed rate hike. Investors will be looking to see if the next round of data will confirm the push already seen from NFP towards another hike. This comes in the…
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