Orbex - Forex Trading Library

XAUUSD tests support Gold falls from its recent record high as traders await numerous Fed speakers and meeting minutes. A fall below the daily support 2400 will dent the bullish mood, prompting buyers to trim their exposure in fear of a…
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There will be a lot of attention on tomorrow's release of the FOMC Minutes, even though not much happened then. Essentially, the last time around, the Fed simply punted the decision forward by a month. That was after three months in which…
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EURUSD hits 5-week high The ongoing negativity with the greenback has seen price action jump towards the 1.09 area. The fallout from last week’s CPI data continued as the Fed now looks more likely to begin cutting rates soon. A break…
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UK April CPI: Bring on the Rate Cuts? The UK will provide its usual data barrage before the market opens on Wednesday, with the chief focus being on April CPI (inflation data). The general mood in the market has come to expect a…
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The Nasdaq100 hits another record high The Nasdaq100, as well as the Dow and S&P, finished at their highest ever levels. With signs of slowing inflation, the Fed’s next signal could drive the index even more, should they begin…
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In a somewhat unusual bit of scheduling, Fed Chair Jerome Powell is expected to make an address on Sunday, when the markets are closed. That could give traders some pause as they set up for the weekend. With so much riding on when the Fed…
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The Dax40 rises to an all-time high The Dax40 (GER 40) reached a fresh peak after a soft CPI report, which boosted indices across the board. The index has recovered to its all-time high above 18800, suggesting a relentless bullish drive.…
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