Orbex - Forex Trading Library

The monthly PMI figures for the month of June signaled that the UK’s economy was poised for a rebound. Data from Markit/CIPS indicated a mixed report, but the overall factor was that business conditions were improving. Following the…
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We have broken the Ending Wedge formation to the upside. Reverse trend line support is located at 1.3095. The measured move target for the wedge is 1.3440. Bespoke resistance is located at 1.3440
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Daily Forex Market Preview, 11/07/2018 The UK's first monthly GDP release by the ONS showed that the economy had advanced 0.3% on the month in June. However, the positive GDP growth report was offset by manufacturing production which…
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The Bank of Canada will be holding its monetary policy meeting today on 11th July 2018. According to the economists polled, the Bank of Canada is expected to hike interest rates by 25 basis points to 1.50%. However, approaching the event…
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Further upside is expected although we prefer to set longs at our bespoke support levels at 7660, resulting in improved risk/reward. Expect trading to remain mixed and volatile
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Daily Forex Market Preview, 10/07/2018 The British pound was seen losing 0.47% on the day on Brexit related developments. First, the UK’s Chief Brexit negotiator, David Davis resigned which was later followed by the UK’s foreign…
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The June payrolls report released by the U.S. Bureau of Labor Statistics showed a mixed bag. The unemployment rate ticked higher by two percentage points from an 18-year low. Hiring was steady and number of people joining the work force…
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Canada’s monthly jobs report showed that the economy added a healthy gain of 31,800 jobs in the month of June. But this wasn’t enough to keep the unemployment rate steady. Canada’s unemployment rate jumped two percentage points to 6.0%. In…
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As we see over our previous chart Dow managed to break above 24465 zone which managed to give market more advance where second resistance laying at 24660 Market may hold this small trading zone between 24440 and 24660 Above 24660…
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As we advised before and as we see over our previous chart Gold managed last week to test 1236-41 support zone before the first rebound correction hit the market As long as market keep trading above this support a chance for a…
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