Orbex - Forex Trading Library

The pound sterling gave way as it weakened sharply against the dollar. Losing over 4% on the day, GBPUSD fell to the lowest levels since 1985. This comes as the 1.2000 handle broke away and offered little support. Price action in…
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The euro turned weaker amid a stronger dollar. Price action broke past the initial support level of 1.0855. Further downside will see a test of the 1.0784 handle. This marks the lows from late February this year. The Stochastics…
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Given the unprecedented easing around the world, virtually all analysts agree that the SARB will cut rates at their meeting on Thursday. Despite reporting relatively few cases, South Africa has not been exempt from the market reaction to…
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SNB governing board member Andrea Maechler has stated that the bank is keeping a close eye on the current economic situation, and, that if deemed necessary, the bank will act accordingly. Their willingness to take action depends on how…
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The yen returned to its safe-haven status when the stocks around the world dropped substantially. As seen on the daily chart above, prices have tested two trendline lows and currently, we are on a bounce. The recovery was initiated on…
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The US Federal Reserve, in another emergency move, cut interest rates by a full 100 basis points on Sunday, 15th March. The central bank also announced a restart of its quantitative easing program. According to the new QE, the Fed…
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Australia hasn't been immune to the wide swings in the market lately, largely due to liquidity fears. Even countries like Australia who have not taken major economy-altering measures to combat the pandemic are seeing significant drops in…
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Crude oil prices are not getting a respite from the selling. Price action remains heavily in favor of sellers, and the recent rebound was met with renewed declines. Crude oil could likely slip to the 28.00 handle in the near term.…
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