Orbex - Forex Trading Library

The USDJPY chart shows the formation of a global impulse trend, which consists of cycle waves. In recent months, we have seen the price creeping up in the final cycle wave V. Wave V takes the form of a 5-wave impulse of the primary…
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USDJPY seeks to recover The US dollar consolidates over growing expectations of a slower pace of tightening by the Fed. On the daily chart, the greenback is above the 30-day moving average and may continue to attract trend followers.…
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The Fed is meeting today and tomorrow to decide what to do with monetary policy. The pretty broad consensus now is that the FOMC will decide to raise rates by another 75bps, bringing the policy target up to 4.0%. That would be the highest…
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The structure of the GBPUSD pair 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. Wave z takes the form of a primary triple zigzag…
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EURUSD falls back The euro retreats over muted GDP growth in the eurozone. The price action is hovering around parity in an attempt to hold onto its recent gains, a sign of the bulls’ strong attachment to this symbolic level. The…
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Don’t miss your chance to join our live webinar “Using Orbex Trading Tools” on Monday, November 14, 2022.  Learn how you can use Orbex’s exclusive trading tools to help you identify market opportunities by joining this live webinar with…
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Going into the end of the year, the general theme has been slowing economic activity. Even when certain data points appear positive on the surface, a look under the hood reveals additional problems. For example, the latest US GDP figures…
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Get ready to trade the NFP LIVE with a seasoned analyst!  Our resident market strategist David Kindley will be going live on Facebook and YouTube to give you exclusive insights into this month’s non-farm payrolls data release.  Back…
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ExxonMobil reported a record quarterly profit of nearly $20bn on Friday. The largest US oil company’s results were echoed at rival Chevron, who had a Q3 profit of $11.2bn. These results were almost triple what was earned a year ago.…
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