Orbex - Forex Trading Library

After their last meeting, the BOE warned that 5 quarters of negative growth were coming. The consensus of expectations shows that there could be starting with data reports from tomorrow. There is an avalanche of data before the market…
Read More

GBPUSD tests resistance The US dollar tumbled after a slowdown in core inflation in July. A bullish MA cross on the daily chart suggests an improvement in sentiment but the pound needs to consolidate its gains so a rebound could have…
Read More

Earlier today, a somewhat worrying report came out that a key point in the Rhine river would likely become impassable on Friday. It takes several days for the water to flow down the length of the river, which allows for fairly accurate…
Read More

XAUUSD grinds rising trendline Gold rallies as the market awaits US inflation data. A break above the 30-day moving average has helped the recovery gain traction. A rising trendline from late July indicates a bullish bias. The latest…
Read More

Tomorrow's data could not only be the most important this week, but for the whole month. As we anticipated in Friday's NFP podcast, there is a lot riding on US inflation data. That is particularly the case after the Fed promised to take a…
Read More

USDCHF struggles to rebound The Swiss franc consolidates as July’s unemployment rate holds steady. A bullish RSI divergence suggests a deceleration in the previous sell-off. Successive breaks above 0.9580 and 0.9630 prompted the…
Read More

On Friday, US Non-Farm Payrolls came in over twice what was expected. The unemployment rate dropped as well, if only by a decimal point. Yet US stocks (as measured by the S&P 500 and Nasdaq) dropped. Why would it be a "bad" thing for US…
Read More

EURUSD tests support The US dollar surged after July’s nonfarm payrolls more than doubled the market’s expectations. Multiple tests of the demand zone around 1.0100 suggests solid interest in keeping the rebound intact. 1.0290 next to…
Read More

EURUSD struggles as economy loses steam The euro treads water as the eurozone shows signs of a downturn. The economic outlook across the bloc remains dim and may continue to weigh on market sentiment. Business activity has noticeably…
Read More

GBPUSD consolidates The pound treads water as the BoE warns of a recession after raising rates by 50 bps. The rebound came to a halt at 1.2300, a major resistance from the daily chart. A bearish RSI divergence already showed a slowdown…
Read More