Orbex - Forex Trading Library

The three-day Santa Claus rally pushed equities to break new highs. By Friday’s close, the S&P500 index closed at 3240 while the Dow Jones gained a modest 23.87 points. The US dollar was weaker amid falling global trade tensions.…
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When we are talking about the Fed in Forex, generally we are referring to the decisions made by the Federal Open Market Committee, or FOMC. They are the ones who vote on monetary policy, led by Chairman Jerome Powell. Analysts…
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The current structure on NZDUSD hints to further upside as part of a forthcoming triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ combination. The short-term outlook seems rather unchanged even in the event this combination turns out to be a double Ⓦ-Ⓧ-Ⓨ pattern.…
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China is all set to lower tariffs on imports of certain goods starting from January 1st, 2020. The move comes ahead of a much-anticipated trade deal with the United States. The decision will lower the tariffs on over 850 goods. So far,…
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The current primary structure on USDCHF waves pair hints to a complex corrective pattern. With waves Ⓐ and Ⓑ having already completed we could now expect prices to unroll to the downside in an impulsive manner. After the completion of…
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Break-even, or sometimes just breakeven, is actually an important concept within Forex. It’s important for trading in any security, and for the same reasons. In fact, there is an entire trading strategy that works around it.…
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Trade of the week EURUSD Struggles to Push Higher A relatively calm week ahead data-wise as traders leave for a well-deserved Christmas on Wednesday. We would expect the euro to pull back for lack of a significant catalyst. Some…
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Equity markets regained the bullish momentum as news came in that the United States and China were going to sign the phase one deal. Both parties were positive on the developments. Although the deal is still the first step, investors…
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