Orbex - Forex Trading Library

Horizontal resistance comes in at 79.85 and prices remain supported by the Ichimoku cloud.
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Investors will be looking to the March payrolls report coming out of the United States and Canada later today. Both economies have seen a slower pace of growth in the first few months this year. But the labor market remains one of the…
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The US dollar was seen recovering from the losses from the day before. The weekly jobless claims report dropped by 10,000, falling to 202,000. This was the lowest level since 1969 for the week ending March 30. US President Trump said that…
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Coming up tomorrow is the release of some important data for gauging Japan's economic performance, as we are still waiting for Q1 GDP numbers. The incoming data includes February household spending and labor cash earnings. It's the last…
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USDJPY trading within triangle formation. Weekly:  Price action continues to trade within a large triangle formation. The sideways consolidation has continued despite the significant spike lower to 104.65. A re-test of the top of the…
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The US dollar traded weaker on the day on Wednesday. The ADP payrolls report was disappointing, with the private sector showing a potential slowdown in the labor market. The ISM’s non-manufacturing PMI was also lower, rising to 56.1 and…
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The European Central Bank will be releasing its monetary policy meeting accounts today. The minutes cover the monetary policy meeting held in early March. Back then, policymakers in the eurozone decided to leave all key interest rates…
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Earlier in the week, we got the Markit manufacturing PMI which disappointed. But traders usually focus more on the Ivey version, which we're anticipating tomorrow afternoon. Can we expect further disappointment? What does it mean for…
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The markets are heading into a busy second half of the week with still a lot of data due to come over. Today, the non-manufacturing PMI report from the Institute of Supply Management will be coming out. This is followed up by the ADP…
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