Orbex - Forex Trading Library

USDJPY breaks key support The US dollar crumbled after data showed a deceleration in last month’s inflation. Its recent vertical ascent might just need more breathing room. After hovering above 145.10, a sharp fall suggests a mass…
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Two days after the close of the polls in the US, and officially which party has won control of the Congress is still not known. However, given the trends and projections, the results are pretty much in line with what was expected. That is:…
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We continue to analyze the situation on the SPX500 index from the point of view of Elliott theory. It is assumed that a large impulse trend is being formed, which is marked by five sub-waves of the cycle degree I-II-III-IV-V. Perhaps…
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AUDUSD consolidates gains The Australian dollar steadies as inflation expectations beat estimates. After the pair found support over 0.6270, a lack of new lows suggests the sell-off has lost steam. Then a close above the major supply…
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After warning for a few months that the UK was heading towards a recession, after the last meeting it came out and said that the recession had arrived. Of course, the data hasn't been out to show it, yet. Since the technical definition of a…
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The structure of AMZN prices shows the development of a corrective trend. This is a zigzag which consists of sub-waves a-b-c of the cycle degree. Perhaps at the end of last year, the market completed the formation of the first major…
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EURUSD tests resistance The euro rallies as September’s retail sales in the eurozone beat expectations. A close above 0.9950 has prompted some sellers to cover their positions. Then a tentative break above 1.0090 shows strong buying…
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The world's two largest national economies report inflation this week. After the Congressional elections in the US, the next big risk event is expected to be CPI change reports on Thursday. But, before that, China reports its own prices…
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