Orbex - Forex Trading Library

The hourly chart of the DXY index shows the end of the global corrective trend. This took the form of a triple zigzag consisting of five main cycle waves w-x-y-x-z. Now, we look towards the beginning of a major bearish trend. This…
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USDCHF remains under pressure The US dollar jumped over strong wage growth in November. A drop below the recent low of 0.9370 further weighed on sentiment by invalidating the double bottom between August and November. As the latest…
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USDCAD holds as BoC may go dovish The Canadian dollar slips as the Bank of Canada may deliver smaller-sized interest rate hikes. While inflation has remained high for October, signs of peaking could open the door to a slower pace of…
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Central banks are the ones who print money in an economy. So, they can't run out of money, right? They just print more. If only central banking were that simple. So, this is a little excursion into an obscure part of quantitative easing…
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NZDUSD makes higher high The US dollar continues to soften after October’s PCE showed a deceleration. The pop above the high of 0.6290 is a confirmation that the bulls are still in control after a short-lived correction. Strong…
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Tomorrow has the all-important release of US labor market numbers. But the Fed's Powell kind of already robbed the thunder from the release during his speech at the Brookings Institute yesterday. He basically implied that the Fed would…
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We continue to analyze the situation on the SPX500 index from the point of view of Elliott theory. A large impulse trend is being formed, consisting of sub-waves I-II-III-IV-V of the cycle degree. The first three parts of the impulse…
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EURUSD regains traction The US dollar plunged after Fed Chairman Powell signalled a slowdown in rate hikes. A close above the recent high of 1.0450 was an encouraging sign that the optimism is still prevailing. But the psychological…
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