Orbex - Forex Trading Library

XAUUSD (yellow metal) losing momentum Gold sank over $60 as the ongoing geo-political tensions meant a choppy ride for the XAUUSD (yellow metal). Prices are trying to safeguard their recent gains after a slight dip in price action…
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Markets are reacting to a surprise development in the trade war saga. A little-known Federal trade court in Manhattan issued a ruling late on Wednesday that the President doesn't have the authority to make such large tariff moves. The…
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The Dow Jones(US 30)regaining lost ground The Dow Jones(US 30) progressed as the index extended its winning streak. Price action goes from strength to strength after breaking above 42000. 41400 is the current support where buyers have…
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The Dow managed to hold above the first support of 41850 and added more advance to break above 42100 and close to the first target and resistance at 42435. First Intraday support starts from 42200 where as long as the market keeps above it…
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Gold managed to meet the target of 3280-95 yesterday and hit a rebound. As we see over the Intraday chart, the market is facing resistance around 3345-65 which could again push for another drop swing toward 3280. Above 3370 more advance…
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Oil hit a high around 64.10 and dropped to close in again to the support zone of 59.50-90. As we see over the chart, prices face resistance around 64.80 and support around 59.50-90 which could keep the market inside this trading zone.…
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USDJPY passed the resistance of 144.40 which could push for advance. As we see over the chart the is market facing the first support around 143.85, where as long as prices keep above it, more advance could hit the market toward 145.95.…
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The Pound dropped and managed today to test the support trend of 1.3440-70 and hit a rebound. The market still faces resistance around 1.3635-45 with support at 1.3440-70 which could create a trading zone. Above 1.3645 more advance will…
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The Euro corrected as the market still holding inside an uptrend channel as we see on the chart. Market support is around 1.1265-85, where as long as prices hold above it, the advance wave could sustain with resistance around 1.1440.…
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What will actually move the dollar this week is if we finally get concrete news of a new trade deal. But, since that is entirely unpredictable at this point, let's stick to the data. And there are plenty of reasons for the FOMC minutes and…
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