Orbex - Forex Trading Library

The Euro managed to fall below the support of 1.1665 which restored the pressure again on the market. As we see from the previous chart, and as long as the market holds below 1.1635-55, the drop pressure could continue with support at…
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Markets are already reacting to unconfirmed reports that US President Donald Trump has selected a successor to Fed Chair Jerome Powell. Although Trump is still interviewing potential candidates, he strongly hinted on Tuesday that he had a…
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GBPUSD hits resistance The pound fell away from its recent rally as prices hit a firm resistance at 1.3270. A fall towards the first hurdle at 1.3200 has prompted some buyers to cover their positions. A continuous bearish run could…
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The EURUSD has gained over the last couple of days amid dollar weakness. Markets are once again moving to price in a high chance that the Fed will cut rates in December. Meanwhile, there is a pretty solid consensus that the ECB will hold…
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(US 30) The dow jumps 600 points (US 30) The dow managed a steady comeback as prices broke above the 47000 level. As the RSI moves into the overbought area, the top of the latest consolidation spike makes it an important level to keep…
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This week's trading in the US has been shortened due to Thanksgiving and Black Friday. During long holidays, the market tends to behave differently. A larger effect is generally observed in the stock market, but it can also have an impact…
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The Euro managed to fall below the support of 1.1665 which restored the pressure again on the market. As we see from the previous chart, and as long as the market holds below 1.1635-55, the drop pressure could continue with…
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EURGBP holds onto gains The euro slipped further after falling away from its previous weekly high. A decisive break below the daily support at 0.8800 suggests sellers are targeting an extended rebound. 0.8760 is the upcoming target, and…
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