Orbex - Forex Trading Library

The British pound sterling is posting steady gains. The gains come just after GBPUSD slipped back to the 1.2643 level. With support forming here, price action is attempting to test the previous highs from earlier on Tuesday. A close…
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The euro currency is posting an impressive recovery. Prices are up over 0.40% intraday and currently attempting to test the Friday highs from last week. Gains are mostly driven by a weaker US dollar. For the moment, this retest near the…
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There are increasing expectations about the FOMC meeting today and tomorrow. A lot has changed since the last meeting. The question is: how is that going to affect the Fed's outlook? Virtually all analysts agree that it's too early to…
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Last week, the markets were moving significantly higher on improved risk sentiment. The media tends to focus on specific events that might have a short term impact, such as the ECB raising asset purchases (which buoyed the euro as…
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Gold prices caught a bid following last Friday’s sell-off. Price action quickly bounced back off the 1671.95 level of support. But despite this move, the lower high that is likely to form could be indicative of a move lower. Watch how…
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WTI Crude oil prices made a strong gain in the early Asian trading session on Monday. Prices, as a result, hit the key level of 40.00. However, the commodity gave back the gains just as quickly and is down over 2% intraday. The…
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The British pound sterling rose to a fresh three month high as prices briefly touched 1.2728 before pulling back modestly. The price action on the daily chart could indicate a possible flat close, however. Unless the currency pair can…
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The euro currency is trading modestly following last Friday’s declines. However, the currency pair remains strong with an upside bias. At the moment, price action indicates a low forming around the 1.1287 level. A rebound off this…
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The current 1H formation on GBPJPY hints to a simple zigzag pattern consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ. We assume that we are currently in final impulse Ⓒ, which consists of five intermediate sub-waves. In the medium term, we…
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