Orbex - Forex Trading Library

Pound pairs across the board were shaken up after a Tori party rebellion against Boris Johnson. Even though he won a vote of confidence, his peers have stated that the damage has already been done after the ‘partygate’ scandal. The…
Read More

The internal DXY structure hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. At the time of writing, a cycle actionary wave z is under construction. The internal structure of the wave z suggests a…
Read More

EURUSD hits resistance The US dollar bounces back ahead of inflation data later in the week. A bullish MA cross on the daily chart suggests that the recovery may have picked up speed. Even though the rally had come under pressure in…
Read More

The RBA meets later today (or early tomorrow depending on where you are in the globe), and there is a very strong consensus that it will raise rates. But that doesn't mean the markets are likely to remain calm after the decision. There are…
Read More

GBPUSD falls back Sterling struggles as Britain’s growth outlook rattles the market. The pair sought to consolidate its gains after a break above the daily resistance at 1.2640. A fall below 1.2480 has put short-term bulls on the…
Read More

EURUSD recovers ahead of ECB meeting The euro bounces higher as the ECB is poised to lift its interest rate for the first time in a decade. Inflation in the euro zone further accelerated to four times the central bank's 2% target in…
Read More

The price of crude has been on a rollercoaster this week. But what’s most surprising is that the price shot up yesterday after OPEC+ voted to increase production. Shouldn't more production mean lower prices? Well, let's go over what…
Read More

USOIL, as in the previous trading weeks, suggests the development of the final part of the global impulse wave a of the cycle degree. Here is the making of the final primary wave ⑤. This takes the form of an intermediate impulse. In…
Read More