Orbex - Forex Trading Library

XAUUSD overbought double top The gold chart shows that gold kept the bullish rally going after another $20 move. A pop above the immediate resistance of 2045 has prompted buyers to attract more buyers as the price moves towards the…
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Brent crude (UKOIL) punches higher over increased demand Brent crude edges higher as demand looks to elevate prices as we head into 2024. Global central banks are at the same stages of their tightening cycles, aiming to rein in…
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The last couple of weeks have been bullish for the stock markets, generally speaking. Just yesterday, the Nasdaq and the S&P 500  logged new all-time highs. The Nikkei finally recovered from its '80s bubble to reach levels not seen in…
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The UK 100 struggles to bounce The UK 100 (FTSE)  edged higher, halting three straight sessions of losses amid a batch of strong corporate results. The index looks to break out of its descending trend as it pushes for 7650. A correction…
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Tomorrow will be a busy day for forex markets, as all the major countries report a key economic indicator: Manufacturing the global PMI. Usually, the trend in PMIs determines how risk sentiment goes for the day, which is why it's closely…
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The Dax 40 pushing for another high The Dax 40 found more momentum as inflation figures are expected to improve across the Eurozone. On the chart, the trajectory remains elevated, and the latest push in a shorter time frame looks for…
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After Europe narrowly avoided falling into a technical recession at the end of last year, apparently traders are starting to think that the ECB will hold on to higher rates. If the economy manages to eke out even a little bit of growth,…
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US 30 tests critical support After the recent stock rally cooled, the Dow Jones ( US 30 ) looks for the next move. On the chart, the index is struggling to hold on to its gains from the few sessions as a bearish divergence opens. A break…
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