Orbex - Forex Trading Library

USDJPY awaits BOJ boss nomination The Japanese yen steadies as markets expect a new face at the top of the Bank of Japan. Eyes are now on the successor to incumbent Governor Haruhiko Kuroda, whose term ends in April, as traders look…
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Overnight, there was considerable movement in the USDJPY with rampant press speculation over who would be nominated as the next governor of the BOJ. There has been a lot of anticipation about the announcement, since the new governor is…
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We talked about the EURUSD pair a few reviews ago. The construction of a bearish cycle impulse, consisting of five main sub-waves I-II-III-IV-V continues. Most likely, correction IV is under development. This complex correction looks…
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GBPUSD stages recovery The pound retreats as traders reposition ahead of a series of UK data. After coming off December’s high of 1.2440, the pair is staging a bounce from the demand zone around the psychological level of 1.2000. The…
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Tomorrow there is a trove of UK data before the market opens. But the most important is likely to be the first look at GDP figures for last quarter. That could be the make-or-break instance for the BOE and even the government's policy, and…
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As a few weeks ago, XAGUSD suggests the construction of a global triple zigzag consisting of cycle waves w-x-y-x-z. The 1H timeframe shows the marking of the second intervening wave x, which may soon be completed, taking the form of…
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USDCHF attempts to bounce The US dollar remains supported by Powell 's comment that rates will stay higher for a while. The choppy action on the daily chart is a sign of compression as both sides wrestle for the next major move. A…
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Yesterday, markets see-sawed while Powell was speaking at the Economic Club in Washington. Risk appetite fluctuated, and the dollar shifted. Less noticed, but perhaps more indicative of the longer-term trends for the dollar and other…
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