Orbex - Forex Trading Library

General risk appetite took a turn for the worse yesterday after a couple of key comments from Fed members. Normally the market wouldn't hinge on just some comments, but they came at the tail end of some worrying data. That helped give the…
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Just like a few weeks ago, a bearish trend continues to form for BABA. On the current chart, we can notice the completed actionary wave y and the second small intervening wave x. They are both double zigzags. At the moment, the…
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AUDUSD fails to rebound The Australian dollar slipped on downbeat inflation expectations and unemployment rate. A break below the daily support of 0.6870 has put the aussie under pressure, with a sharp fall suggesting that a number of…
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Towards the end of the last year, there was quite a lot of speculation that China would see substantial growth in the near future. That was when the announcement came that officials would progressively lift all covid restrictions. The last…
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NZDUSD looks at the formation of a new bullish trend. Most likely, the first wave Ⓐ is currently under construction, which could take the form of an impulse of the intermediate degree (1)-(2)-(3)-(4)-(5). The long-term…
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GBPUSD tests key support The pound slipped after January’s CPI came out below expectations. On the daily chart, the pair is still range bound between January’s low (1.1850) and high (1.2450). For intraday traders, a shooting star in…
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On the surface, this might seem to be an odd thing to be considering now. Most countries in the world are facing significant inflation problems. Of the "big three", which we'll focus on for purposes of answering the title question, the US…
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