Orbex - Forex Trading Library

The U.S. Dollar was trading mixed on Thursday. Economic data on the day showed that U.S. private sector firms added 179k jobs during November. This was below estimates of a 200k expectation. Previous month's data was revised down to 225k…
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Mixed trading for the last 42 (trading) days has resulted in a large symmetrical triangle being posted on the daily chart. This formation has a bias to break to the downside
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The month of November was dominated mostly by Europe as the EU, and the UK leaders agreed to a Brexit deal that could potentially enable the UK a smooth transition in March 2019. As a result, the British pound was seen experiencing some…
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This week's major event is the release of US November Non-Farm Payrolls, scheduled for release at 8:30 EST (14:30 CET), which comes with a truck-load of employment data that is very important leading into the last FOMC meeting of the year.…
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Technical Daily: The sell-off from October 4 highs has continued. A combination of strong dollar and over-supply has resulted in a 35% fall in prices over a 2 month period. Support was found at the 78.6% Fibonacci retracement although…
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Trading in the U.S. markets were subdued as equities, and some other exchanges were closed due to the National day of mourning for the former President George H. W. Bush. In the Eurozone, the services PMI showed a modest increase in…
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Consumer spending in New Zealand slowed down in the third quarter as retail sales fell more than expected. Official data from Statistics New Zealand showed that retail sales were flat in the three months ending September 2018. The data…
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Australia November Balance of Trade One of the five major monthly events that could move the AUD is the Balance of Trade, expected to be released on Wednesday at 19:30 EST (or Thursday at 01:30 CET). The Australian economy is highly…
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With over 170 different major, minor and exotic Forex currencies occupying the FX trading space, it’s no wonder the Forex market is considered the most liquid in the world. Growth in retail Forex trading has been spectacular over the years.…
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