Orbex - Forex Trading Library

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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GBPJPY seems to be forming a global corrective trend taking the form of a triple zigzag. On the 1H timeframe, the final actionary wave z of the cycle degree is underway. The wave z takes the form of a simple zigzag Ⓐ-Ⓑ-Ⓒ of the…
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USDJPY breaks lower The Japanese yen edged higher after the BoJ raised its inflation forecast in its latest policy meeting. The US dollar’s fall below 138.00 prompted short-term buyers to bail out, exacerbating volatility. 137.00 is…
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With the political drama in Italy pushing up peripheral yields, the markets need some potentially positive news out of the shared economy if a rebound is to be expected. PMIs have a good record of setting risk sentiment for the day. But the…
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