Orbex - Forex Trading Library

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

The headline number of job gains so far this year has left policymakers quite happy. But a look under the surface shows some troubling signs. And they are expected to be exacerbated by the data forecast for tomorrow. In the context of…
Read More

USDJPY bounces back The US dollar clawed back losses as services PMI exceeded expectations. A bullish RSI divergence indicates a loss of momentum in the sell-off. The pair bounced off the demand zone around 130.50 at the start of the…
Read More