Orbex - Forex Trading Library

Did you know that WTI oil should be lower on the back of weaker growth demand and higher crude inventories? Oil traders, however, seem to be discounting the weakening components as it becomes clear to them that OPEC is determined to keep…
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Less than a year ago, the EC commissioned a study and found that the majority of Europeans felt that the EU as an institution would not be around within a generation. Only three countries had a majority of people who felt that the block…
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DAX (GER30): Upside Fino A 14,125 S2: 13,520     S1: 13,633     R1: 13,801     R2: 13,970 L’indice Dax continua la sua ascesa riacquistando forza relativa nei confronti degli altri indici europei. Il movimento impulsivo è evidente con…
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The European Commission released its winter forecast. The report was slightly optimistic, pointing to a path of steady but moderate growth. The growth projections were unchanged. The economy is forecast to grow at a rate of 1.2% both…
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The current SPX500 structure suggests that the cycle degree impulse wave is now completed on a fresh high. The bullish wave consists of primary sub-waves ①-②-③-④-⑤. With the conclusion of intermediate wave (5) near 3383 we presume that…
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The week is going to close with a bang for euro traders. There is a host of economic data coming out in the morning that routinely riles up the markets. Key among them is the much anticipated quarterly GDP figures from Germany and then…
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The monthly retail sales report will be coming out tomorrow. The retail sales report will indicate the level of spending by US consumers at retail outlets during the first month of the year. The overall consensus for January is somewhat…
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Equity markets are holding steady as they trade close to the all-time highs. This comes amid a mixed investor sentiment. Gold prices also continue to hold steady. The economic calendar is generally quiet and Powell’s speech did not give…
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The current USDJPY structure hints at a cycle degree bullish zigzag y consisting of primary waves Ⓐ-Ⓑ-Ⓒ.  Sub-waves Ⓐ and Ⓑ are fully completed, wave Ⓒ , however, is still under development. Wave Ⓒ consists of intermediate waves…
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Mexico no longer has the highest interest rates in the world. But, that doesn't mean their central bank isn't still looking to ease further. Inflation hasn't picked up significantly since the Banxico embarked on its latest easing cycle.…
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