Orbex - Forex Trading Library

USDTRY hit record highs as it pressures the psychological 7.50 barrier. An ascension from the beginning of the year saw a pullback in May. After a lengthy consolidation, we have witnessed strong bullish behavior with prices moving far away…
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Time is Running Out For Stimulus Decision The US Index was losing grip from the start of the week as it closed 0.18% lower yesterday towards 93. Weakness in the US dollar across the board was evident as the economy looks to hopes of a…
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The precious metal is trading stronger on Monday, with gains driven by a weaker USD and the Fed meeting. Price action is a few points away from the 1967 level which held up as resistance earlier on. A breakout above this level could…
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Oil prices are trading soft with price action attempting to pare losses from last week. Still, prices are hovering near the 37.00 handle. To the upside, the main resistance is seen at 38.83, while to the downside, last week's lows…
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The British pound sterling is holding a steady pace of gains since last week's reversal, just near the 1.2800 handle. With the current bullish momentum, price action could be reaching for the 1.3000 handle next. But if resistance puts…
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The euro currency has been trading higher for the most part since the markets opened on Monday. Price action is on track, inching closer to Friday's highs. But a close above 1.1900 could confirm further upside in prices. To the…
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Shares in US aircraft manufacturer Boeing are trading down just a little under 1% premarket on Monday. Boeing has been back in the headlines this week. This is due to reports on the testimony of two of the company’s top executives regarding…
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Getting a handle on the market reaction to the German Economic Sentiment Indicator by ZEW is notoriously complicated. Often, the market will not react immediately following the data release. It tends to shift later in the day and…
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The USDJPY structure indicates a double zigzag of the primary degree. The last leg of this double combination is in development. The bullish primary wave Ⓨ consists of intermediate sub-waves (W)-(X)-(Y)-(X)-(Z). Zigzag wave (W) is fully…
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