Orbex - Forex Trading Library

The Federal Reserve Bank will be holding its monetary policy meeting today. The central bank meeting is expected to see the fed funds rate remain unchanged at 1% - 1.25%. The probability of a rate hike is also extremely low, according to…
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The US Dollar Index tumbled last week, closing below 94.0 for the first time since August of the last year, which deepened the current bearish outlook. The main reason behind last week’s sharp decline came on the back of the news from the…
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Dow managed to add more advance toward 21680 after breaking above 21580 as we advised last week market managed to retreate from resistance 21680 which may activate farther drop wave as long as market holding below 21580 more drop…
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Gold managed to hold advance after broke above 1232-34 zone where managed to met target 1258-63 today if market failed to break above 1263 another drop correction toward 1232-34 may hit the market above 1263 more advance toward 1281…
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Crude Oil managed to give first signal of more rebound movement still on hand market now facing support at 44.80 where as long as market holding above another advance wave toward 49.15 is expected below 44.80 market may add more drop…
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USDJPY continued short-run drop correction after breaking below 112.75 where market managed to met 110.60 market still showing ability for more drop to test support trend around 109.30-50 zone which in turn may activate another uptrend…
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British Pound managed to jump above 1.3020 wich may consider as strength signal as long as market holding above 1.3000 the Intraday indicators showing ability for another test to 1.3100 zone which may activate again another drop wave…
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EURUSD managed to hit target 1.1610-20 as we advised last week market now having Intraday support at 1.1595-1.1620 zone where as long as market holding trades above more advance toward 1.1710-60 zone will be expected below 1.1595…
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As the currency markets progress into the final weeks of July, the main highlights of the week include the FOMC meeting on Wednesday. The Fed is expected to keep monetary policy on hold. Investors are likely to focus on any forward guidance…
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Crude Oil managed to recover from June’s lows all the way to today’s high, supported by some OPEC and Non-OPEC members remarks, in addition to some inventories data. Despite all the talk about the production cut deal, there is something…
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