Orbex - Forex Trading Library

Bitcoin fell back below $30,000, as the crypto continues to consolidate. Yesterday’s drop wiped out the previous three days of gains and ended Bitcoin’s second brief break above $31,000. So, will there be any sign of a recovery…
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Over the past couple of weeks, there was considerable speculation that the ECB might raise rates at its next meeting. But now that we're a day out from the event, expectations have moderated. It now appears the focus has shifted to July.…
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AUDUSD consolidates gains The Australian dollar bounced higher after the RBA raised its cash rate by 50 basis points. A break above May’s high at 0.7260 has prompted the bears to cover their positions, paving the way for a potential…
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Looking at the internal structure of XAGUSD, we can notice the development of a long-term corrective wave b of the cycle degree. Wave b, judging by the shape, is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts have ended. Now…
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International trade was the original purpose of Forex markets, even though the importance for trade data has dwindled a bit in comparison to other factors. But it's still an important indicator for figuring out where currency pairs might be…
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Pound pairs across the board were shaken up after a Tori party rebellion against Boris Johnson. Even though he won a vote of confidence, his peers have stated that the damage has already been done after the ‘partygate’ scandal. The…
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The internal DXY structure hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. At the time of writing, a cycle actionary wave z is under construction. The internal structure of the wave z suggests a…
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EURUSD hits resistance The US dollar bounces back ahead of inflation data later in the week. A bullish MA cross on the daily chart suggests that the recovery may have picked up speed. Even though the rally had come under pressure in…
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The RBA meets later today (or early tomorrow depending on where you are in the globe), and there is a very strong consensus that it will raise rates. But that doesn't mean the markets are likely to remain calm after the decision. There are…
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