Orbex - Forex Trading Library

Tuesday's release of the Q1 GDP figures from China are seen as a bellwether for the global economy. By extension, that could affect most of the major currencies as investors try to pre-position ahead of potential economic shifts through the…
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EURUSD seeking support The US dollar rallied as annual inflation accelerated for a second straight month. A decisive break below 1.0800 has put the trend back on track as the pair moved over 100 pips at the beginning of April. A bearish…
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UK Normalization Means GBPUSD Going Up? Tomorrow is the release of key economic figures from the UK which is expected to show a continuation of the diverging trend in the data lately. While the economy has shown to be improving, the…
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GBPUSD looking for full recovery Sterling clawed back over 100 pips against the greenback after falling to the lower 1.2500 area. The pair has held well following its break above 1.2600, with 1.2660 established as a solid support. A…
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The markets are getting set up for a fairly predictable outcome for the ECB meeting. The most recent comments from members of the monetary policy-setting committee have largely reflected market expectations. Which means that if the ECB does…
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WTI crude breaks major resistance WTI crude continues to push as it closes out the recent weekend gap. After moving back above 86.00, the commodity has its sights set on a new high above 88.00, which would pave the way for an extended…
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Markets have been under performing lately, which has been a boon for the dollar. The main reason is that the chances of a rate hike at the June Fed meeting have been receding. There is still a majority of traders who expectMarket awaits US…
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US 30 looking for the high ground The Dow Jones 30 looks to recoup its recent losses with a climb above 39000. The index is in a wait-and-see mode, with traders reluctant to take excessive risks before releasing the upcoming CPI data. On…
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The New Zealand central bank meets on Wednesday, at the tail end of the recent cycle of policy meetings in which the tone has generally been to hold on for one more month. It seems that trend will continue with the RBNZ rate  meeting as…
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