Orbex - Forex Trading Library

It seems that the Euro Area economy is flashing all the wrong signs. Stock markets are pushing to new record highs despite the economy being essentially stagnating. The ECB  (European Central Bank)  cut rates and is widely expected to do so…
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Silver(XAGUSD) seeks support Silver(XAGUSD) plunged as the metal market, in general, awaits the next move with Ukrainian negotiations ongoing. Metal was struggling to sustain momentum as prices crashed through the 32.00 level. The…
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As we advised few days ago and as we see over our previous chart Dow managed to met target 43700 last week while managed to break below it As we see over the chart market facing resistances around 43800 and 44200-50 where one of those…
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Gold retreated yesterday and fell below 2930 to print a low around 2888. As we see over the chart, the market is now facing the support of 2888 and resistance at 2930 which could create a trading zone. Above 2930 Gold could advance…
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Crude Oil still remains under pressure toward 68.35 as the market hit a low of 68.66 yesterday. If prices hold above 68.35, a rebound correction toward 70.15 could hit the market. Below 68.35 more of a drop toward 66.15-50 is likely.…
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USDJPY tested the 148.60 support yesterday as prices hold above it. If the market holds above 148.60, a rebound correction toward 152.30-50 is still expected. Intraday resistances are at 149.95 and 150.75. Below 148.60 more of a…
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GBPUSD met the first target of 1.2600 and above. As we see over the chart, prices still have a chance for farther advance as long as the market holds above the support of 1.2520, where a second target is at 1.2725. Below 1.2520, more…
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As we see over the Intraday chart, the market is still holding above the first support at 1.0450. If the said support remains, then the market could advance towards 1.0610-30. Below 1.0450 more of a drop will be expected. The second…
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At the start of the week, the consensus in the market was that the Fed (Federal Reserve) would do its next rate cut in June. Then consumer confidence data came out on Tuesday, causing markets to push that cut forward by a month. The stock…
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