Orbex - Forex Trading Library

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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The major theme of this cycle's central bank meetings is the "pivot" from emergency COVID measures towards a more balanced policy to support the emerging recovery. Some of the policies introduced are simply not sustainable in the medium…
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NZDJPY has recently witnessed fresh highs at $72. Since then, there has seen a pullback towards the $70 area as the pair is now consolidating. As prices are currently engulfed in the Ichimoku cloud, we now look to a break out from the…
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DAX (Germany30): Make Or Break Su 13,350 S2: 13,081     S1: 13,149     R1: 13,273    R2: 13,329 L’indice DAX ha superato positivamente il test di tenuta sul supporto “invisibile” in area 12,750, intercettato su 2STDV rispetto al…
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The recent gains in the precious metal hit a snag after price failed to breakout above the 1967 resistance. The strong confluence of both the trend line and the horizontal support level has reversed direction. Price action is likely…
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Oil prices are trading somewhat stronger despite the bleak assessment from the Paris based International Energy Association (IEA). The IEA trimmed its demand for the outlook for 2020, but the report did not see much reaction from the oil…
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The British pound sterling is trading mixed on Tuesday with price action driven by fundamentals. Influencing the dollar is of course the expectations from the Fed meeting while Brexit talks are playing a role on the GBP. For the…
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