Orbex - Forex Trading Library

Yesterday's ECB meeting went mostly as expected: There were no changes in policy. The Euro barely moved, as all eyes were on the press conference headed by Chief Christine Lagarde. The question was, what tone would she provide for the…
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The 1-hour timeframe shows the final wave ⑤ formation of the bullish cycle. This is indicated by intermediate sub-waves (1)-(2)-(3)-(4)-(5). At the time of writing, wave (4) looks to a triangle consisting of minor sub-waves A-B-C-D-E.…
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EURGBP has recorded a bullish trend from a yearly low of 0.8279. The ascending channel created from April saw a pause at the beginning of last month. We then witnessed a bounce at the 23.6% long term (0.6921/0.9502 leg) and 38.2% short term…
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DAX (Germany 30): Solo Rimandato il Break-out A 13,300 S2: 12,980     S1: 13,082     R1: 13,298     R2: 13,411 Forte instabilità per l’indice DAX con il sistema di modellazione predittiva che fatica a determinarne la direzionalità.…
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Stalemate Drags On Over Economic Stimulus Bill The US index closed indecisively yesterday. However, it still remained above the 93 handle. There were hopes of further progression witnessed from the beginning of the month on the index.…
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Inventories Rise Crude oil prices have seen steady selling this week, fuelled in part by a bearish report from the Energy Information Administration. The EIA reported that in the week ending September 4th, US crude oil inventories rose…
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The precious metal managed to continue posting gains. Price action surged higher after the ECB meeting, as gold rose to the 1967 handle. Prices were quickly rejected near this level as gold pulled back. The confluence of the trend…
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Crude oil prices are back trading on a weaker note a day after price posted a strong rebound. The declines came after the weekly US crude oil inventory report showed increasing stockpiles. With the oil markets already sensitive to…
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The pound sterling continues to extend losses with price testing a six-week low on Thursday. The declines came after a brief rebound saw prices stuck near the 1.3000 handle. Failing to break out any higher, GBPUSD reversed direction…
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The euro currency continued its bullish momentum after the ECB held its monetary policy meeting. With no new stimulus and the ECB not caring much about the exchange rate, the euro brushed higher. Prices briefly tested the 1.1900…
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