Orbex - Forex Trading Library

USDJPY managed to hit targets 156.15 and 156.95 after the BOJ Interest-Rate Hike. As we see over the chart, the market is facing resistance around 157.90, which could lead to a correction toward 156.15 before rebounding. Below 156.15 more…
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GBPUSD managed to break above the resistance of 1.3360-70 which could push for a further advance. As we see over the previous chart, prices face a support zone around 1.3280-99 which could cause a move towards targets 1.3470 and…
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Prices advanced above the downtrend line as we see from the previous chart which could push for further advance. The support trend is still around 1.1590, where as long as prices hold above it, the advance could continue toward 1.1820.…
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EURUSD stuck sideways The dollar remained volatile as soft inflation figures revived the possibility of the Fed continuing to cut rates. The pair had previously secured a solid holding above 1.1750 as prices continuously tested this…
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It looks like the BOJ is finally going to go through with a rate hike at Friday's meeting. The last time Japan's central bank raised rates was in January, and inflation has remained well above target. Officials have sought to curb consumer…
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( UK 100 ) The FTSE continues higher ( UK 100 ) The FTSE progressed as UK inflation fell sharply, fuelling the likelihood of a rate cut. The bounce to the recent high at 9800 has met some selling pressure as some buyers exited the…
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The Euro has generally appreciated over the last week as traders become more convinced that the next move from the ECB will be a hike. The question is whether that will be signaled at the upcoming meeting. Markets and economists are…
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