Orbex - Forex Trading Library

The latest producer prices data surprised to the upside in January. Data from the Labor Department showed that producer prices rose 0.5% in January. This comes after a 0.2% increase in December. The gains came despite a 0.7% decline in…
Read More

The current bearish structure suggests that the bullish formation in the intervening cycle wave x is completed. As part of a triple complex correction, the downside pattern should consist of primary sub-waves Ⓦ-Ⓧ-Ⓨ. The bearing zigzag…
Read More

Tomorrow is chock-full of key data from Australia that is especially relevant for fundamental analysis. The RBA is putting a lot of emphasis on employment data to determine it's monetary policy direction. If the jobs figures continue to…
Read More

EURUSD (EURUSD): Atteso Rimbalzo Da Stress S2: 1.0743     S1: 1.0767     R1: 1.0827     R2: 1.0887 Il Dollaro USA continua a mostrare estrema forza nei confronti delle altre valute, con l’Euro, nello specifico, che scivola a ridosso dei…
Read More

The Federal Reserve Bank will be releasing the meeting minutes from the January Fed meeting. The central bank held its monetary policy meeting on January 29th, 2020. At the meeting, the central bank voted to keep interest rates steady at…
Read More

Equity markets continue to trade weaker as Apple Inc, a Dow Jones listed company issued caution on its forward guidance. All major indices fell for the third day as a result. This is largely attributed to the fact that many of Apple…
Read More

The current USDCHF structure hints at a cycle degree complex ‘three’ pattern. Following the completion of wave x down at 0.9612, the currency pair began its last primary degree ‘three’ pattern, consisting of waves Ⓐ-Ⓑ-Ⓒ. At the time of…
Read More

The Australian Bureau of Statistics publishes the official change in wage prices once per quarter. This usually means it has a bigger impact on the market as it's more anticipated. It's also important because it's one of the indirect…
Read More

The latest statistics from Japan showed that the country's gross domestic product fell 6.3% on an annualized basis in Q4. Data from Japan’s Cabinet Office fell shy of the estimates of 3.8%. This comes after GDP grew by 0.5% in the third…
Read More

The current XAUUSD structure hints at a corrective wave ④ of a triangular nature and consists of five intermediate sub-waves (A)-(B)-(C)-(D)-(E). Its first three parts are fully completed, whereas wave (D) is still under development.…
Read More