Orbex - Forex Trading Library

An AB=CD corrective formation would look to target 131.67. Bespoke resistance is located at 131.60. The 61.8% pullback level from the 133.48-129.24 move is located at 131.86. This is the zone we look to get short once more.
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The Chairman of the Federal Reserve, Jerome Powell, speaking at a conference sponsored by the International Monetary Fund and the Swiss National Bank in Zurich said that the financial markets have received the information the central bank…
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Crude oil prices rallied last week to hit a three and a half year high after the U.S. President Donald Trump announced that Washington was pulling out of the 2015 Iran nuclear deal on Tuesday. Speaking at a brief press conference, Trump…
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Daily Forex Market Preview, 16/05/2018 The markets were trading mixed amid a day that saw weaker economic reports from the Eurozone and a slightly upbeat jobs report from the UK. The U.S. dollar gained strength late in the day as the…
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Our second bespoke resistance level is located at 1.2028. With the Eurozone Consumer Price Index out today, and then later, Draghi’s speech, there is scope for an upside correction to sell into once more
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Summary: RBNZ leaves OCR unchanged at 1.75% at the monetary policy meeting in May Interest rates left unchanged for the nineteenth consecutive month RBNZ gives fresh economic forecasts. Downgrades GDP and inflation RBNZ…
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The ECB President Mario Draghi and other officials were seen speaking over the week as ECB offficials maintain hawkish view. The Lithuanian central bank governor and member of the ECB's governing council, Vitas Vasiliauskas gave an…
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Intraday Analysis 15th May 2018 - Daily Forex Market Preview The markets were seen trading mixed with the U.S. dollar showing signs of easing back on Monday. Economic data was sparse with only the speech by Cleveland Fed President Loretta…
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Technical Monthly: Price action continues to push for higher levels within a bullish channel. A morning star formation backs the bullish theme and we expect the upside to accelerate on a break of all-time highs. Weekly:  7…
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The BoE holds rates as economic data weakens in its meeting last week, matching market expectations. The BoE was initially supposed to hike rates by 25 basis points at this month's meeting. But following a soft patch of economic data, the…
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