Orbex - Forex Trading Library

AUDUSD seeks support The Australian dollar weakened after the CPI fell short of expectations in Q2. A rally above the supply zone around 0.6960 forced more sellers to cover their bets and took the heat off the aussie. 0.6980 is the…
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Since the last Fed meeting, there have been some pretty wide variations on expectations. Initially, it was thought that the Fed's latest 75bps hike was a one-off. Then inflation data came out, and that changed the calculus, with a bunch of…
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The structure of the DXY index hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. Most likely, a cycle actionary wave z is currently under construction. The internal structure of the wave z suggests a…
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EURUSD continues to recover The euro inches higher supported by the ECB’s shift to normalising its monetary policy. The psychological effect of parity had triggered a ‘buy-the-dips’ behaviour. A surge above 1.0200 prompted the short…
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Inflation figures in Australia tend to have a somewhat outside impact. The country is somewhat unique in only reporting CPI changes once a quarter. Normally, when there isn't much fluctuation in inflation. That isn't much of a problem, but…
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USOIL suggests the development of the final part of the global impulse wave of the cycle degree. The 1H timeframe shows the final primary wave ⑤ which takes the form of an intermediate impulse. Currently, an intermediate correction…
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USDCAD bounces off critical floor The Canadian dollar retreats dragged by weakness in oil prices, the country’s main export. The pair has been hovering above the daily support at 1.2820. The RSI’s double dip in the oversold area led…
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EURUSD struggles over gloomy outlook The euro found support after the ECB raised interest rates for the first time in 11 years. Meanwhile, traders have trimmed bets on a 100-basis-point rate hike by the US Fed, triggering a wave of…
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Banks are the largest players in the Forex sphere, so it's logical that issues among banks could have repercussions among currencies. Generally, forex traders don't care about how profitable major global banks are. But now there is…
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