Orbex - Forex Trading Library

The U.S. dollar recovered from the losses from Wednesday led by slightly better inflation report and budget deficit narrowed to $13.5 billion year on year from $23.2 billion. On the economic front, data from the UK showed inflation fell…
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Broken out of the channel formation to the downside. A flag formation target would take the pair to 1.1165. The trend of lower lows, and the possible base of an Ending Wedge formation (bullish) is seen at 1.1225.
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Technical analysis employs statistical methods to evaluate financial instruments. Additionally, it identifies trading opportunities, based on historical data of price and volume. This type of analysis is based on the assumption that the…
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We are finally about to get the data that JPY traders have been waiting nearly three months for: the GDP change rate.  As you might expect, this could produce some volatility in JPY pairs. Given that Japan is the source of carry trades…
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The USD eased back on Tuesday as investors grew cautious about the U.S. and China trade talks which entered the second day. The parties are focusing on producing an outline for the agreement which could be then signed off by the respective…
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The Eurozone’s economy got off to a sluggish start in 2019. Latest forward-looking indicators showed as some of the Eurozone’s major economies have seen stagnating growth. Italy, Europe’s third-largest economy showed little signs of…
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We could see some volatility in NZD pairs later in the Asian session around what is probably the most important and market-moving event of the month: the RBNZ's monetary policy decision and subsequent statement. Here's a look at what's…
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Technical AUDJPY – Continues to trade in a long-term downtrend Weekly: The pair is trading in a long-term downtrend. There is a sequence of lower lows and lower highs that began in May 2017. Downtrend resistance is located at 84.35.…
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The latest unemployment report from New Zealand showed a disappointing performance from the labor market for the period. Data released by Statistics New Zealand showed that the unemployment rate rose to 4.3% which was higher than…
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