Orbex Forex Trading Blog

Markets are pricing in no rate hike from the ECB at the end of its policy meeting on Thursday. But there is some key data coming out just hours before the decision is released that could shake up expectations. On top of that, traders are growing impatient for signs that the ECB will act on rising inflation. All that combines to imply the potential for significant Euro volatil...

Intraday forex analysis covering GBPUSD , AUDUSD , and GER 40 analysis with a focus on key market movements, support and resistance levels, and short-term price action trends across major currency pairs.

The pound loses more ground after hitting a fresh peak at the mid-1.35 region. A rejection at the top has seen the RSI drift towards...

The FOMC meeting that concludes on Wednesday is expected to leave monetary policy unchanged. But there are many factors that could move the markets in the aftermath. One salient point is that this is likely to be Fed Chair Jerome Powell’s last time presiding over the meeting, and traders will be looking for clues about the Fed’s next move.

On this occasion, the Fed wil...

As we see over the chart, the market is facing a resistance zone around 49500-700, where as long as prices hold below it, the drop pressure could continue towards the support of 48100 which could lead to a rebound.
Above 49700 more advance could hit the market with resistance at 50500.

Gold fell below 4695 which could lead to a further drop.
As we see from the chart, the market is facing a resistance zone at 4765-95, where as long as prices hold below it, the drop pressure could continue as support at 4554 could push for a rebound.
Below 4554 more of a drop towards 4306 could hit the market
Above 4795 more advance may be expected.
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