Orbex - Forex Trading Library

The Bank of Japan (BOJ) on Wednesday decided to keep rates unchanged despite recent increases in inflation. But the rising consumer costs might be due to transitory issues. And the BOJ underscored that the external situation is becoming…
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Dax(GER 40) pushing for another high The Dax(GER 40) hit another top as PMI figures are expected to improve across the Eurozone. On the chart, the trajectory remains elevated, and the latest push in a shorter time frame looks for…
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The Dow Jones begins to show some strength on the market as we close in on the FOMC statement and Federal Funds Rate. As we see over the Intraday chart, the market is facing support around 41420 and resistance around 42100 which could…
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Gold met the targets of 3025 and 3045. As we see on the chart, prices face support around 3025 which could keep the advance wave ongoing toward 3080-85. Below 3025 more of a drop will be expected with support around 2978-80.…
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Crude Oil hit the target of 68.25. The market is still holding our expected trading zone between support 64.75 and resistance 68.25. As we see on the chart, this trading zone still holds and above 68.50 more advance toward 70.20-40…
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USDJPY managed to move above 149.50 which could keep the advance ongoing toward the 150.80-151.30 resistance zone. This resistance zone of 150.80-151.30 could push for correction toward 148.55. Above 151.30 more advance is likely.…
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GBPUSD met the target of 1.3000-50. As we see on the Intraday chart, prices face the first support around 1.2940 which could keep the uptrend pressure ongoing for an advance toward 1.3050. Below 1.2940 more of a drop could hit the…
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The Euro managed to meet the target of 1.0930-50 several times as we still hold our previous outlook. As we see over the Intraday chart and if prices remain below the 1.0950 resistance, a correction could hit the market towards…
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The BOE is expected to agree to keep rates unchanged on Thursday. But since it finds itself in a particularly difficult situation, traders will be keen to find any clues for what happens next. Persistently high inflation but sluggish growth…
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