Orbex - Forex Trading Library

Gold – Further downside appears likely Weekly: A sequence of weekly lower lows and highs has been posted. Trading within a Bearish Channel formation. The continuation lower in prices through support has been impressive with strong…
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Daily Forex Market Preview, 30/07/2018 The U.S. dollar was trading mixed on Friday despite a higher GDP report for the second quarter. The U.S. department of commerce released the preliminary GDP report for the second quarter. As…
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The economic calendar for the week ahead is a busy one with lots of reports coming out during the latter part of the week. Among the high ticket events, the FOMC is expected to meet this week. No changes are expected to the monetary…
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Twitter is a great medium for finding quick news about developments in the forex world. Its 140- character limit for tweets ensures that posts are informative and concise helping traders to find what they need when they need it. There…
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Technical Monthly: Three consecutive positive monthly bars have been followed by indecisive price action around the 1.0000 psychological area. Remains in a corrective bullish channel. The trend of higher lows (from 2012 and 2015) is…
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Daily Forex Market Preview, 27/07/2018 The ECB’s monetary policy meeting was uneventful as the central bank left interest rates and QE unchanged. The ECB president Mario Draghi stuck to the comments from the June meeting. Although the ECB…
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Despite the uncertainty and the negative news surrounding the trade wars rhetoric that is touted to impact the global growth, forecasts from the International Monetary Fund last week showed that growth in the global economy will remain…
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Dow managed to break above 25250 which activated another advance wave as we advised before where managed to hit first target 25400 while still looking toward second target 25800 Above 25820 this wave may continue toward our Old Short-Run…
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As we advised last Monday and as we see over our previous chart Gold also managed to rebound aftre trumps tweet on rate hike where Gold managed to re-test resistance 1236-37 zone Short-Run outlook see main resistance at 1245 where as…
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As we advised in the last 2 weeks and after Crude Oil broke below support 72.00-20 We still holding same view for the Oil that as long as market holding trades below 72.00-20 a bigger drop wave will be expected toward 64.00-50 zone…
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