Orbex - Forex Trading Library

Over the weekend, China will report its inflation figures for July. Usually, CPI is a key indicator for a currency, but China's control over the exchange rate means that the market cares more about the secondary effects of this data. As a…
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(US30) Dow pushing higher The (US30) Dow jumps as earnings continue to outperform, as Donald Trump prepares his next tariff agenda. The index is still striving after lifting the key resistance of 44000. A fall below that level will put…
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Gold hit the target of 3385 again yesterday while prices managed today to drop further. As we see over the Intraday chart, prices still face supports around 3352-53 and 3335 and one of those supports can give another chance for another…
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The Dow closed to the resistance zone of 44380-400 today, which if managed to hold below it, another drop back could hit the market toward the 43050-300 zone. Above 44400 more advance will be expected with resistances around 44750-800 and…
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Crude Oil fell below the support of 67.50 which could push for a further drop. As we see over the chart the market stilll facing the previous support at 63.70 which could create a trading zone towards 67.40. The market managed yesterday…
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USDJPY hit a rebound toward 147.87 while the market still holds below the resistance of 148.00-20. As we see over the Intraday chart, prices still hold below the resistance of 148.00-20  where as long as the market remains below it,…
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GBPUSD met the target of 1.3250 and fell lower. As we see over the chart, the market faces support around 1.3140 while resistance at 1.3385 could create a trading zone. Above 1.3385 more advance willl be expected with resistance around…
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The Euro managed to find support around 1.1390 on the edge of the uptrend line while the advance wave is still ongoing. As we see over the chart, the market is facing support around 1.1390 as resistance around 1.1720 which could push for a…
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Economists are pretty unanimous, and for once, the market agrees that the BOE will cut rates at Thursday's meeting. The issue is that usually, with such agreement, the focus for markets is guidance for the next meeting. However, there is…
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