Orbex - Forex Trading Library

EURUSD struggles over gloomy outlook The euro found support after the ECB raised interest rates for the first time in 11 years. Meanwhile, traders have trimmed bets on a 100-basis-point rate hike by the US Fed, triggering a wave of…
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Banks are the largest players in the Forex sphere, so it's logical that issues among banks could have repercussions among currencies. Generally, forex traders don't care about how profitable major global banks are. But now there is…
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GBPJPY seems to be forming a global corrective trend taking the form of a triple zigzag. On the 1H timeframe, the final actionary wave z of the cycle degree is underway. The wave z takes the form of a simple zigzag Ⓐ-Ⓑ-Ⓒ of the…
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USDJPY breaks lower The Japanese yen edged higher after the BoJ raised its inflation forecast in its latest policy meeting. The US dollar’s fall below 138.00 prompted short-term buyers to bail out, exacerbating volatility. 137.00 is…
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With the political drama in Italy pushing up peripheral yields, the markets need some potentially positive news out of the shared economy if a rebound is to be expected. PMIs have a good record of setting risk sentiment for the day. But the…
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The GBPUSD structure suggests the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z most likely takes the form of a primary triple zigzag…
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GBPUSD awaits breakout Sterling found support as Britain’s CPI continued to accelerate in June. A rally above 1.1950 took some heat off the pound. 1.2050 is a key resistance as it lies over the 20-day moving average. A bullish breakout…
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The BOJ holds its interest rate decision in the early hours of Thursday. There is a pretty solid consensus that there won't be any change in policy. While inflation has been slowly ticking higher, the BOJ's projections expect it to fall…
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