Orbex - Forex Trading Library

EURGBP bounces off Fibonacci level The euro steadies as ECB's Lagarde downplays the risk of stagflation. The previous break above 0.8400 prompted sellers to cover, giving the bulls a chance to push back. After the rebound met…
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EURUSD weighed down by ECB inaction The euro struggles as the ECB lags behind the Fed in tightening policy. US Fed policymakers have signaled their intention to meet inflation head-on with several rate hikes. Due to worries over…
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Larry Fink, the CEO of BlackRock, the world's largest asset manager, dropped a bomb in his annual letter to shareholders. He suggested that we have reached the end of globalization as "we have experienced over the last three decades."…
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The USDCNH pair consists of primary sub-waves ①-②-③-④-⑤. In the long term, a large bearish impulse could be expected to be built. On the current chart, we see the final section of the bearish impulse ③. After this is a complex…
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USDCHF breaks support The Swiss franc strengthened after the SNB said it was determined to tame inflation. The US dollar came to halt at April 2021’s high at 0.9460. A bearish RSI divergence showed that the rally had run out of…
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Last week a survey conducted by I&I/TIPP showed that American confidence in the economy was at the worst levels recorded. It's not the worst ever, because economic optimism in the US matched the level it was at in 2008. This was the…
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The internal structure of the USDCAD currency pair indicates the formation of a bullish wave Ⓩ. This consists of sub-waves (W)-(X)-(Y) and is a double zigzag. Wave Ⓩ is also part of the global cycle correction b. Within the forming…
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GBPUSD seeks support The pound Sterling found support from rising CPI in February. A break above 1.3200 eased some pressure and a brief consolidation above 1.3120 indicates buying interest. A follow-up rebound has met resistance at…
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Earlier this month, the ECB caught markets a little off guard by cutting back asset purchases. Now, we get the first look at the data that could potentially be impacted by the situation. Of course, purchasing managers aren't directly…
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