Orbex - Forex Trading Library

Jobs figures are back in focus in Australia following some interesting comments from RBA Governor Lowe a few days back. Of course the RBA doesn't care about the employment situation directly. But the theory is that jobs support consumer…
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A look at the USDCNH pair shows a primary zigzag Ⓐ-Ⓑ-Ⓒ pattern. In the long term, this seems to be forming a large correction IV of the cycle degree. The final primary wave Ⓒ takes the form of an intermediate (1)-(2)-(3)-(4)-(5)…
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EURUSD seeks support The US dollar surged after consumer prices rose faster than expected last month. The euro’s rally came to a halt in the supply zone around 1.0190, then a fall below 1.0090 forced leveraged short-term long positions…
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With Covid no longer taking up international relations, the Northern Ireland Protocol was back creating tension between London and Brussels. But, over the weekend, a proposal was quietly put forward by EU representative Sefcovic that could…
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The structure of the USDCHF pair shows the final part of a large double zigzag consisting of cycle sub-waves w-x-y. It is possible that the price reduction in the intervening wave x, which represents the primary standard zigzag, has…
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USDJPY consolidates gains The Japanese yen bounced after the government hinted at intervention to support its currency. The dollar gained momentum after it cleared the previous top at 139.30. However, it soon came under pressure at the…
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Tomorrow is likely to be one of the most important days for the markets this week, because we get some crucial data ahead of the FOMC meeting next week. To make matters more interesting, the Fed is already in its blackout period. Meaning…
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