Orbex Forex Trading Blog

Markets are convinced that the RBA will keep rates unchanged at the end of its policy meeting on Tuesday. This follows three back-to-back rate hikes, and will give the central bank time to assess the impact of recent monetary policy adjustments. But, markets will be paying close attention to the meeting and its outcome to see if or when the rate hikes...

Intraday analysis covering USDJPY, XAGUSD hits another low, and SPX 500, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets.

The dollar remained bullish, hitting another fresh high as the rally continues.

The most important data release for cable this week will be the UK monthly GDP data, released on Friday. As global economies face pressure from inflation and central banks turn more hawkish, the variance in economic performance is becoming a bigger factor in determining currency performance. GDP growth determines how much the central bank can hike and whether higher prices wi...

Dow managed to hit below support 50000 which may lead latter for another drop swing

Intraday chart showing chance for rebound correction toward 51200 as long as market keep holding trades above 49680 support

Below 49680 more drop will be expected with support at 48500

Gold managed to resume drop below support 4100 early today while market closing from Mid-Run support around 3880

As we see over the Intraday chart, market facing resistance around 4120-35 zone which may keep market inside this tradin zone before another advance hit market toward 4220-60 zone

Below 3998 market may add more drop while Mid-Run uptrend wave still pr...