Orbex - Forex Trading Library

AUDUSD finds support The Australian dollar rallies as the RBA minutes show its commitment to rate hikes. The pair is hovering above May’s lows around 0.6830 as the bulls seek to safeguard the previous rebound. The price saw support at…
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The BOE's focus is, of course, inflation. So, after their meeting last week, there will be a lot of attention on May CPI figures that will be released the day after tomorrow. Analysts and traders will be keen to see if higher rates are…
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XAUUSD continues to form a global correction pattern. This takes the form of a cycle triple zigzag. The current chart shows the final part of the actionary wave y. This was in the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary…
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USDJPY recoups losses The Japanese yen fell back after the Bank of Japan vowed to keep interest rates ultra-low. A sharp U-turn above 134.50 has taken sellers by surprise and forced them to cover. A bullish MA cross suggests a possible…
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EURUSD falls over potential debt crisis The euro weakens as the market grows wary of a repeat of the debt crisis from a decade ago. Borrowing costs for peripheral nations soared after the ECB revealed its plans to raise interest…
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In today’s advanced Elliott Wave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, FX Majors, and Commodities and discover how he applies EW principles to come up…
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Over the past week, the general opinion on the markets has generally soured. The S&P 500 is back in bear territory, the yield curve is inverted, and central banks around the world are desperately trying to curb runaway inflation. Some…
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USDCHF breaks support The Swiss franc soared after the SNB delivered a surprise 50-basis-point rate hike. The dollar came to a halt at May’s peak at 1.0050. A bearish divergence indicated a slowdown in the upward momentum. Then a fall…
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Last week, Governor Kuroda had an uncomfortable episode on social media that was a microcosm of the problems facing the BOJ. Kuroda's statement that households were becoming more "accepting" of higher prices was met with a storm of…
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