Orbex - Forex Trading Library

Gold prices jumped on the back of the NFP numbers on Friday. The rising expectations of a recession in America has seen risk appetite shift quite considerably. Now economists expect the $1900 to be the next psychological level for…
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On the current USDCAD chart, we see the internal structure of a large correction pattern similar to a cycle triple zigzag w-x-y-x-z. Now the final actionary sub-wave z is being built. This waves takes the form of a primary double…
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EURUSD recoups losses The US dollar tanked after wage growth was slower than expected in December. The pair previously came under pressure near last June’s highs around 1.0750. A double top at 1.0710 capped the euro’s advance and led…
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EURUSD consolidates as recession fears ease The euro steadies as the eurozone economy could be more resilient than expected. A smaller-than-expected PMI contraction in December may ease concerns that the bloc is over the edge of a…
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In today’s advanced #ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, #FXMajors, and #Commodities and discover how he applies EW principles to come up…
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The Loonie has been suffering a bit for a combination of factors. The slide in the price of crude, is one of them, but crude prices are volatile in the current conditions. A more enduring factor is the perception that the BOC is likely to…
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The SPX500 index seems to form a wave V of a bullish impulse consisting of cycle sub-waves I-II-III-IV-V. The cycle correction wave IV ended in the second half of September last year. It looks like a triple zigzag of the primary…
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NZDUSD tests key support The US dollar soared after jobless claims showed resilience of the labour market. On the daily chart, the directional bias remains up with the pair seeking to secure a foothold. A previous sharp drop found…
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Recession, recovery or reset: What can we expect from the global markets in 2023? As we enter 2023, there is an array of possibilities for the global economy, ranging from a quick return to normalcy to a prolonged global recession. Get…
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The BLS has reported that NFP have been above expectations for five months in a row. The most dramatic were the July figures which came in twice the number expected. It seems economists have been consistently underestimating the number of…
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