Orbex - Forex Trading Library

It has been a busy week for the pound sterling as investors had a lot of information to digest. This included economic reports and new developments on the Brexit front. Data showed that the UK’s economy was nudging along albeit at a…
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This week is shaping up to be a busy one for NZD traders. A host of data is coming from New Zealand and Australia that can all be market moving. Later tonight we get trade-related numbers such as dairy prices and current account. Then,…
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Technical FTSE – Breaking from an inverse head and shoulders bottom Weekly: Trading within a long-term bullish channel. The recent corrective move from the highs at 7904 stalled at the 50% Fibonacci retracement level (6699). Buyers…
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A number of ongoing global narratives kept a lid on the markets with USD trading subdued ahead of major events this week. These include the two-day FOMC meeting starting today and ending tomorrow, and the Brexit narrative. The GBP…
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The economic data over the week covered the retail sales report for January and inflation data. The data sets the expectations for the FOMC meeting due tomorrow. Following the weak jobs report in February, the US economic outlook is…
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Dollar Kicks Week Off on Bad Footing The US dollar ticked lower on Monday as risk flows from last week's closing continued adding downside pressures. The beleaguered currency slipped last Friday amid fresh optimism that a US-Sino trade…
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There are two major events this week that could generate some movement CHF pairs. The second most important, though probably most volatility-inducing, is scheduled for early tomorrow morning. This will be the release of last month's trade…
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May Presents Deal in Commons on Tuesday/Wednesday Theresa May will come to blows with parliament for the third time in a bid to reverse last week's disappointing defeat. The British PM did not receive the support she needed from Commons…
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EURUSD Forms a Double Top Pattern The euro posted modest gains on Friday as price action settled near March 13 highs of 1.1329, forming a double top pattern. The gains came as final inflation figures for February showed that consumer…
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