Orbex - Forex Trading Library

NZDUSD extends gains The US dollar struggles as a slowing CPI foreshadows a dovish Fed. On the daily chart, the upward bias has remained intact after the kiwi bounced off 0.6190. The price then consolidated its gains after…
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Goldman Sachs has been one of the recent major banks to upgrade its expectations for the Euro Zone for the coming year. It had previously expected the shared economy to fall into a recession in the first half of the year. Now, the forecast…
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Stocks and Indices have rallied ahead of today’s CPI data. Optimism was heightened over the slowdown of the Fed’s rate hiking. It is the final CPI report before the next interest rate decision, which is supposed to be a 50 BP…
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The DXY index chart shows the end of the global corrective trend. This took the form of a triple zigzag consisting of cycle waves w-x-y-x-z. Prices have now formed a bearish triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag pattern. It seems that the…
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USDCHF claws back losses The Swiss franc plunged across the board after a pickup in risk sentiment. After a double top at 0.9400, a drop below 0.9260 had put the bulls in an awkward position. Last March’s lows around 0.9160 has…
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Several major US banks will report earnings on Friday. Along with Delta Airlines and UnitedHealth, this is the unofficial start of earnings season. Corporate earnings are integral to the economy, so naturally earnings season has an effect…
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The AUDUSD pair is forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ in the long term. The final primary wave Ⓩ is a simple zigzag (A)-(B)-(C). At the moment, an impulse wave (C) is formed, consisting of minor sub-waves 1-2-3-4-5. The…
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GBPUSD seeks support The high beta pound edges higher on improved market sentiment. A surge above 1.2080 has prompted short-term sellers to cover their positions. This could be the signal the bulls have been waiting for after the pair…
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The two largest economies in the world are expected to report inflation figures later this week. But, by far, the US figure is expected to be the most important. The yuan trades within a bound set by the PBOC, which limits the impact…
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