Orbex - Forex Trading Library

Investor sentiment fell across the board following President Trump's comments on the China trade deal. Trump said that it would be better to wait until the 2020 elections for a trade deal with China. The comments come in contrast to the…
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The current structure on USDCAD hints to a complex formation consisting of primary waves Ⓦ -Ⓧ  and Ⓨ, whereⓎ itself is a double zigzag of an intermediate degree. Waves (W) and (X) of the abovementioned pattern are fully complete,…
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This is a pretty busy week for the CAD. Tomorrow's rate decision is just the first of several major data points that could move the currency. There is an overwhelming consensus that the BOC will keep rates on hold one more time. But there…
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Investor sentiment was in check amid mixed signals on the trade front and the weak patch of US data. ISM manufacturing activity was weaker than expected. The ISM index fell to 48.1 from 48.3 in October. Meanwhile, President Trump once again…
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USDCHF is expected to remain upbeat in the short and medium-term. Looking at the 4H timeframe, we can see a potential double zigzag pattern consisting of primary sub-waves Ⓦ -Ⓧ -Ⓨ. Waves  Ⓦ and  Ⓧ are completed. Wave Ⓨ , however, is…
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Tomorrow the RBA gets together for the last time this year to discuss policy. The overwhelming consensus is that they will keep the rate on hold. This means our attention needs to turn to the accompanying rate statement. Also, there is no…
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The US markets opened on Friday following the Thanksgiving bank holiday the day before. But trading was subdued as Friday was a short trading session. Investors were concerned about the impact of the US supporting the Hong Kong protests.…
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USDCAD Hangs on BoC, NFP The pair will be under the spotlight as major data come in from both sides. The Bank of Canada is expected to leave the interest rates unchanged. However, optimistic guidance could give the Canadian dollar firm…
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The current SPX500 structure suggests that we are near the completion of an ending diagonal consisting of sub-waves ①-②-③-④ and ⑤. Wave ⑤ of the primary pattern is under formation at the time of writing.  The most recent part of the…
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