Orbex - Forex Trading Library

AUDCHF has been trading in an ascending channel from the middle of June. Since then, we have witnessed several attempts to break the upper line. The lower channel has also been tested as prices move away from the psychological 0.65 area.…
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FOMC Gives Dollar Fresh Hope The US Index finished indecisive on Wednesday as the Federal Reserve published their policy statement. The key takeaways from the FOMC meeting saw the Fed committed to more asset purchases. In addition, it…
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Crude oil prices have traded higher across the week, recouping some of the losses suffered over the prior week. This week’s gains have been driven mainly by a bullish report from the EIA. In the week ending September 11th, the Energy…
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The precious metal is trading weaker, as the technical resistance level near 1967 held on. The Fed meeting also set off the declines with gold likely to head lower in the near term. Price action could be on track to retest the 1911.50…
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Oil prices continued to push higher as price action cleared the previous resistance level near 38.83. Following the upside breakout, the commodity also pushed slightly higher to the levels near 40.00 before pulling back. If the…
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The British pound sterling failed to breakout above the 1.1300 handle. As a result, price action reversed gains and is pushing lower. The BoE is scheduled to meet today and dovish rhetoric from the central bank could push prices even…
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The euro currency was trading on a weaker note as price fell following the Fed decision. This led to the common currency losing the 1.1800 handle. It comes after earlier in the week, the euro gained only for the gains to be capped…
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Lufthansa Shares Lower on Tuesday Shares in German airliner Lufthansa are trading down a little over 1% pre-market on Wednesday. The airline, which is the largest in Germany, has recently announced plans to make further cuts. In a staff…
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FOMC Takes Centre Stage Manufacturing production in the US expanded less than forecast as the US index steadied itself above 93. Meanwhile, the US dollar will hinge on guidance from Fed chair Jerome Powell at today’s FOMC meeting. We…
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