Orbex - Forex Trading Library

British Pound managed to add more advance as support zone 1.3040 still protected Intraday Levels showing first support around 1.3125-35 where as long as market holding above the chance for farther advance toward 1.3250-70 zone still on…
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Euro managed only to hit 1.1815 high this week while market closing from Fed Rate decision today As expectation still showing a rate hike by 0.25% this may give the Dollar some support for farther rebound Intraday Levels showing that…
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The New Zealand Dollar (NZD) is surprisingly popular among traders given the unique characteristics of the country it's from - taking a larger than life role in the markets, not unlike the hobbits they are now famous for. Before the Lord of…
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Daily Forex Market Preview, 26/09/2018 The U.S. Dollar was seen trading subdued on Tuesday. Economic data was sparse. From the Eurozone, the German WPI was seen rising 0.3% on the month. The data beat forecasts of a 0.2% estimates.…
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Looks to be forming a bearish Head and Shoulders pattern. A break of support and the measured move target is 0.8600 (taking us through the previous swing low at 0.8618)
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The Swedish Riksbank released the meeting minutes last week. Data showed that the first rate hike since July 2011 was inching closer. The central bank’s board was seen giving a broader backing for tightening monetary policy in the months…
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The CAC 40 is the benchmark stock market index of France, and one of the two major indices often described as the "core" of the Eurozone economy. The name comes from Cotation Assistée en Continu (Continuous Assisted Quotation) with 40…
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Daily Forex Market Preview, 25/09/2018 The markets were seen trading quietly on Monday. Following the new tariffs on China coming into effect since 24th the markets were seen to be a little spooked. This was followed through by the U.S.…
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Although Fridays price action posted a bearish Outside Day, follow through selling has been limited. This could be seen as just a reaction lower from the 161.8% extension of 149.27 (from 139.90-145.69). Buying close to current levels offer…
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The Reserve bank of New Zealand will be holding its monetary policy meeting this week. The central bank is expected to leave interest rates unchanged. The official cash rate remains at 1.75%. Despite an uptick in recent economic data,…
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