Orbex - Forex Trading Library

In the wake of the Fed's rate decision yesterday, there is a new focus on the upcoming jobs numbers that could be pivotal for the market's expectations for the rest of the month. The dollar's trajectory hangs in the balance as the Fed could…
Read More

USDJPY hits lower lows The Yen bounced as the BoJ raised its key short-term interest rate to 0.25%. The pair cut through the round number of 155.00, which sat at the previous swing high, sending a downbeat signal. 152.00 is the next…
Read More

The Dow managed to advance above 40500-50 resistance which could push for an advance toward 41100. As we see on the Intraday levels chart, market is facing support around 40400-50 where as long as the market holds above, the advance wave…
Read More

Gold managed to advance above 2400 after further Middle East tensions. Prices still have room for further advance where the 2431-35 resistance could push for a correction before the advance continues. Above 2435 more advance toward 2460…
Read More

Crude Oil managed to fall below the 76.00 support which could keep the downtrend pressure on for a further drop. As we see on the chart and as long as the market holds below 77.50-70, more of a drop is still expected toward the 72.45-95…
Read More

USDJPY managed to close at 155.35 yesterday which managed to keep the downtrend pressure as previously projected. Market managed to break below the support of 151.80 today after the BoJ surprisingly hiked rates. As we see on the chart,…
Read More

GBPUSD also fell below the support 1.2900 where we predicted before and below this level more of a drop toward 1.2730-50 is expected. Intraday resistance is at around 1.2940-55. If prices hold below it more of a drop to test 1.2730-50 is…
Read More

The Euro fell below the support 1.0860 as prices fell back inside the old triangle formation which could push toward the 1.0700 zone. As we see on the chart and as long as market holds below 1.0870 then the downtrend pressure could…
Read More

The market appears to be pricing in a 50-50 chance that the BOE Rate Decision will cut rates when its policy meeting ends tomorrow. That means the market is likely to react no matter what happens. But there are some indications that a cut…
Read More