Orbex - Forex Trading Library

EURUSD softens over cautious ECB The euro remains under pressure from the FOMC spillovers. The reality is that inflation is yet to fall and the Fed’s hawkish stance is only a confirmation. The real turning point would be a peak in…
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China's covid policy hasn't led to a nation-wide lockdown, so it's more of a metaphor to talk about "reopening". However, the economic impact from a shift in the current zero-covid policy could be seen as a parallel to when other countries…
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The current USDCAD chart shows the internal structure of a large correction pattern. This most likely takes the form of a cycle triple zigzag w-x-y-x-z. The final actionary leg wave z is under construction. This wave takes the form…
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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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