Orbex - Forex Trading Library

Tomorrow the world's two largest economies report their latest inflation numbers. And this will pretty much affect every market. China will also release a series of other data points that could be important for its key trade partners.…
Read More

The formation of the GBPUSD currency pair suggests the development of a large intervening wave x of the cycle degree. This most likely takes the form of a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag of the primary degree. Most likely, the first four…
Read More

AUDUSD attempts rebound The Australian dollar bounces back over strong retail sales in November. The pair saw bids near a previous trough (0.7130). The RSI’s double-dip into the oversold area attracted some traders in taking up the…
Read More

In the context of covid, the world's attention seems to be in Australia, specifically on tennis star Djokovic's inability to enter the country. Famously, Australia had managed to keep the virus from spreading locally for an extended…
Read More

The SPX500 index shows the formation of a large impulse trend, which consists of primary sub-waves. At the time of writing, the primary wave is under development. It is a bullish impulse marked by intermediate sub-waves…
Read More

EURUSD tests key resistance The US dollar retreated after December’s nonfarm payrolls came in far below expectations. The pair has been in a narrowing range between 1.1270 and 1.1365. The previous fall below 1.1280 added pressure on…
Read More

GBPUSD rises on BOE hike bets The pound soared on the prospect of rate hikes in the UK. Prime Minister Boris Johnson has announced that no new restrictions were needed against the omicron variant, clearing the path for the BOE to act…
Read More

On Monday, we get the latest employment data from the eurozone. This data is likely to be scrutinized for its impact on potential monetary policy impacts. But wait a minute - the ECB doesn't have a dual mandate like the Fed does.  So a…
Read More