Orbex - Forex Trading Library

Equity markets were mixed as both the Dow Jones and the S&P500 were slightly weaker. The exception was the Nasdaq index, which rose to fresh highs. At the Davos summit, President Trump gave a speech. He cheered on the US economy…
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The depicted DXY structure above hints to a w-x-y combination in which the final y wave is still under development. Wave y consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ and unrolls in a zigzag pattern. At this stage, we are expecting the…
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Canada has largely been able to stay on the sidelines of the global economic uncertainty. Therefore it's likely to not be as much of a beneficiary of the general positive swing lately. But don't tell that to their stock market, which has…
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The International Monetary Fund (IMF), in its latest report, trimmed global growth forecasts. For the year 2020, the IMF expects growth to rise by 3.3%. This is slightly higher in comparison to the 2.9% forecasts which grew in 2019.…
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The USDCNH structure above hints to a bearish zigzag consisting of primary waves Ⓐ-Ⓑ-Ⓒ. Waves Ⓐ and Ⓑ are fully completed, whereas Ⓒ is still under construction. As part of wave Ⓒ, we can see a smaller degree move, an intermediate…
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Tomorrow we have a host of important data coming out, primarily during the European session. And it could really rile up the markets! Somewhat ironically, the most important data, the BOJ Interest Rate decision, might not be as market…
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China’s GDP for the year 2019 grew at a pace of 6.1%, according to data released last Friday. Although the pace of GDP growth remains slow, it was within the GDP target of 6.0% - 6.5% for the year. Global equity markets maintained the…
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The current AUDUSD structure suggests that the market is forming the final part of the bullish intermediate zigzag (A)-(B)-(C). It seems that minor wave 1 in (C) has already been formed. We are now likely to see a bearish zigzag 2, which…
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The trade deal was officially signed, yes! But did you know that market participants have reasons to remain cautious? If you are not sure how the FX markets could be influenced and why, listen to this podcast now! You can do so on…
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