Orbex - Forex Trading Library

EURUSD tests support The US dollar surged after July’s nonfarm payrolls more than doubled the market’s expectations. Multiple tests of the demand zone around 1.0100 suggests solid interest in keeping the rebound intact. 1.0290 next to…
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EURUSD struggles as economy loses steam The euro treads water as the eurozone shows signs of a downturn. The economic outlook across the bloc remains dim and may continue to weigh on market sentiment. Business activity has noticeably…
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GBPUSD consolidates The pound treads water as the BoE warns of a recession after raising rates by 50 bps. The rebound came to a halt at 1.2300, a major resistance from the daily chart. A bearish RSI divergence already showed a slowdown…
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The headline number of job gains so far this year has left policymakers quite happy. But a look under the surface shows some troubling signs. And they are expected to be exacerbated by the data forecast for tomorrow. In the context of…
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USDJPY bounces back The US dollar clawed back losses as services PMI exceeded expectations. A bullish RSI divergence indicates a loss of momentum in the sell-off. The pair bounced off the demand zone around 130.50 at the start of the…
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The SPX500 index seems to be forming a large impulse trend. Most likely, the primary wave ③, which is part of the cycle impulse V, is currently under development. It is a bullish impulse consisting of intermediate sub-waves…
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Ahead of tomorrow's BOE interest rate decision, a somewhat unique and interesting situation has cropped up. Most relevant for us traders is that it could mean there will be a strong reaction in the pound no matter what the BOE does.…
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