Orbex - Forex Trading Library

Over the past week, the general opinion on the markets has generally soured. The S&P 500 is back in bear territory, the yield curve is inverted, and central banks around the world are desperately trying to curb runaway inflation. Some…
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USDCHF breaks support The Swiss franc soared after the SNB delivered a surprise 50-basis-point rate hike. The dollar came to a halt at May’s peak at 1.0050. A bearish divergence indicated a slowdown in the upward momentum. Then a fall…
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Last week, Governor Kuroda had an uncomfortable episode on social media that was a microcosm of the problems facing the BOJ. Kuroda's statement that households were becoming more "accepting" of higher prices was met with a storm of…
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The internal structure of BABA shares hints at the formation of a bearish correction pattern. This takes the form of a cycle triple zigzag w-x-y-x-z. Wave y has the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The final actionary wave z…
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AUDUSD bounces off major support The Australian dollar recoups losses after better-than-expected job data. The pair has given up most of its gains from the May rally which suggests that risk appetite remains feeble. However, the…
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Up until quite recently, there was a pretty solid consensus that the BOE would follow through on another 25 basis point rate hike at this meeting. But that was thrown into a bit of disarray after the higher-than-expected inflation from the…
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XAUUSD nears critical support Gold tumbles as the US dollar regains bullish impetus across the board. A clean cut below the demand zone at 1828 indicates weak interest in safeguarding the latest rebound. As trapped buyers look to exit,…
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