Orbex - Forex Trading Library

The euro currency is rising back following a pullback from the earlier session. Price action broke past the previous highs near 1.0905. This could potentially confirm further upside that could push prices toward the resistance level of…
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Usually, CPI data from China primarily affects CNH, since it mostly has implications on PBOC policy. But we aren't in a "usual" situation. Just like many are looking at China for clues as to how the coronavirus outbreak will progress,…
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The month of March was very volatile for USDNOK. USD surged 9000+ pips against the NOK. From the swing low of 9.1793 to the peak high of 12.1186, the pair was knocked off its feet by posting all-time highs. Price is currently on a…
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Gold prices are trading steadily near the resistance level of 1655. At the time of writing, gold is trading near the minor trend line. To confirm the downside, a breakout from this level is required. The lower support at 1594 –…
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The pound sterling is building up on some modest momentum. This comes after prices retreated back to the support area of 1.2277. At this rate, we expect the upside bias to persist. In the near term, the upside range of 1.2485 will be…
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The euro currency is giving back some of the gains following the strong rally in the past few sessions. After rising to a local high of 1.0903, price retreated slightly lower. This has formed a higher low as a result. If price breaks…
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Analysts are expecting some good news out of the next major data from New Zealand. However, it's not as likely to move the market directly as much as it would have in the past. And that's not just because everything is being drowned out…
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On Thursday, we are expecting the Canadian employment report. This data could highlight the intensity of the damage the stringent measures to fight COVID-19 have taken on the economy. There won’t be any surprise now, if the numbers come…
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Coming up on Thursday, we have important GDP data coming out of the UK. The Manufacturing PMI will follow. Both datasets are typically released 40 days after the month ends. Therefore, the statistics will not reflect the significant…
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