Orbex - Forex Trading Library

Ahead of tomorrow's rate decision by the Reserve Bank of Australia, the dollar from down under has been getting stronger. Of course it was aided a bit last Friday by some weakness in the greenback after the disappointing jobs numbers. But…
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USDCHF tries to hold its ground The US dollar collapsed across the board after weaker-than-expected the NFP numbers. The latest moves have seen over 200 pips wiped off the pair as stiff selling pressure with new swing lows encourages…
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UKOIL slips over demand concerns The Oil prices remain under pressure on fears of weakening global demand. Geopolitical tension and supportive fundamentals have led brent speculators to bai out. In addition, OPEC oil output fell in…
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There has been a lot to weigh down on WTI this week, so no surprise the price has gone back to where it was back in March. Though at least in the early part of Tuesday, there has been a bit of a rebound. Analysts are still debating whether…
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US30 bounces back The Dow Jones 30 rallied as the Fed delivered the higher for longer approach to their interest rate. Whereas the Nasdaq and S&P both slipped, the Dow remained resilient. A move above the recent high of 38000 and the…
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In the wake of the recent FOMC decision, the impact of the upcoming NFP figures might be highly contextualized. That means that what has increasingly become unpredictable data results could have an unexpected impact on the market. Which…
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USDCAD breaks support The Fed’s decision to stick with its ongoing plan relieved the Canadian dollar. The pair has met some selling pressure in the supply zone at 1.3800. A tentative break below 1.3730 next to the daily SMA would dent…
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The FOMC today concludes its two-day meeting later in what is likely to be the highlight of the week for the markets. The impact could be magnified this time around because most of Europe is away on holiday, meaning there is less liquidity.…
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