Orbex - Forex Trading Library

In a somewhat unusual situation, the central bank and markets are at odds with each other in Australia, particularly about the Australia CPI data. The wild shifts in inflation and rates over the last couple of years has made the occurrence…
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SPX500 index hitting resistance The SPX500 index confirmed its bullish stance after a remarkable comeback from the early August sell-off. The price has turned north after breaking 5500 as price action searches for the previous record…
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The Dow managed to break above 41000 which could keep the advance toward 41400 and 41800. As we see on the chart, the market is facing support around 40700-800 and if prices remain above, the advance wave could sustain toward 41400 and…
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Crude Oil tested the support zone at 71.50-99 and rebounded to meet the targets of 74.20 and 75.80. As we see on the chart, prices show a support trend around 71.50-and if prices hold above it, another advance toward 80.50 will be…
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USDJPY fell below the support of 144.40 and dropped further toward the second support of 143.40. 143.40 supported prices which could give chance for a rebound toward the 145.25-50 resistance zone. Above 145.90 more advance will be…
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Gold tested the support trend at 2468-70 and held prices above. The market managed to advance above the intraday resistance of 2500-05 which could maintain an advance toward 2535 and 2555. Prices now face supports around 2515 and…
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GBPUSD managed to add more of an advance above 1.3150 last week. The market now faces supports around 1.3170 and 1.3050-70 and if prices hold above one of those supports, more advance toward 1.3300 is expected. Below 1.3050, the…
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The Euro managed to meet the target of 1.1140 and advanced to test the next resistance around 1.1275. As we see on the Intraday chart, prices now face the first support around 1.1070. If prices hold above it, more advance will be…
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How Much Did Powell's Speech Move the Needle? Fed Chair Jerome Powell did what he was widely expected to do last Friday: Announce that "the time has come" for the Fed to pivot towards easing. As in the past, the meeting at Jackson Hole…
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