Orbex - Forex Trading Library

Bonds have a significant role in determining the direction of currencies and exchange rates, If you haven't been tracking them as part of your trading, here's a good primer on why you should and how they influence the currency pairs in…
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The greenback maintained gains as economic data from the United States continued to support the view that growth was robust. The monthly retail sales report surprised with an increase of 1.6% on the month, while core retail sales were up…
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While most of the world is taking an extended weekend, Japan is still hard at work on Friday. And we have the release of some key data as well. With Europe and the Americas closed for the holiday, most major traders are also away from…
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The USD was trading mixed on Wednesday despite positive headlines from China. The first quarter GDP report showed China’s growth rising at a pace of 6.4% beating estimates of 6.3%. Industrial production grew 8.5% on a year over basis.…
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USDJPY - Intraday - We look to Buy at 111.60 (stop at 111.30) Closed the day little net changed. Selling posted in Asia. There is no clear indication that the downward move is coming to an end. Previous resistance located at 112.13. The…
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The monthly retail sales report from the United States for March will be coming up today. Data from the Census Bureau is forecast to show that core retail sales will rise 0.7% while headline retail sales will rise 0.9% during the month.…
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In the upcoming Asian session, we have the release of labor statistics from Australia. This includes the unemployment rate and employment change. The release of the RBA minutes earlier in the week took a decidedly dovish turn. Following…
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Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1286, resulting in improved risk/reward.
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The quarterly inflation report from New Zealand saw consumer prices rising at a slower pace than forecast. Data from Statistics New Zealand showed that the consumer price index rose 0.1% in the first three months of the year. This was…
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