Orbex - Forex Trading Library

GBPUSD turns lower The pound tumbled after the BoE warned of a protracted downturn. The price lost steam near September’s high (1.1700) and a break below 1.1440 sent buyers packing, turning it into a resistance. A lack of bids at the…
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The US labor market has taken a bit of a back seat as the Fed focuses everything on getting inflation down. But, that might be about to change. There are some signs that traders need to be aware of for when the Fed might suddenly return to…
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The GBPJPY pair is currently forming a global corrective trend taking the form of a double zigzag. On the 1H timeframe, the final actionary wave y of the cycle degree is under construction. Wave y takes the form of a triple zigzag of…
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USDCAD finds strong support The US dollar recovered after the Fed cautioned that rates could go higher than expectations. The rally has come to a halt in May 2020’s consolidation area. A combination of  profit-taking and fresh selling…
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There is a pretty firm consensus that the BOE will hike by another 75bps. But, given recent events in the markets, many analysts are hedging their bets a bit. Particularly when it comes to the vote, which in many cases has more of an impact…
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The USDJPY chart shows the formation of a global impulse trend, which consists of cycle waves. In recent months, we have seen the price creeping up in the final cycle wave V. Wave V takes the form of a 5-wave impulse of the primary…
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USDJPY seeks to recover The US dollar consolidates over growing expectations of a slower pace of tightening by the Fed. On the daily chart, the greenback is above the 30-day moving average and may continue to attract trend followers.…
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The Fed is meeting today and tomorrow to decide what to do with monetary policy. The pretty broad consensus now is that the FOMC will decide to raise rates by another 75bps, bringing the policy target up to 4.0%. That would be the highest…
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