Orbex - Forex Trading Library

USDJPY 123.45 Market so far holding support base of 122.20-50 zone, where as long as market holding above this zone will expect farther advance to sustain toward 123.50, 124.50 & 125.50 below 122.20 market may head to re-test…
Read More

GBPUSD 1.5070 British Bound also back to drop movement as market managed to hit below 1.5075 support zone market facing short-run trading zone between 1.4990 - 1.5115 zone below 1.4990 market may sustain drop toward 1.4900 zone…
Read More

EUR USD 1.0810 Euro sustain the drop movement after last week advance as we advised last friday where market still looking for another test for 1.0460-1.0520 support zone market short-run support at 1.0770-90 zone, where below this…
Read More

Friday came with the publication of ABS’s (Australian Bureau of Statistics) latest data which showed an increase in the retail volumes with 0.5% in October, after September’s 0.4% rise, the figures matching the forecasts. Trend estimates…
Read More

The Swiss Franc was the top performing currency last week, gaining nearly 3.37% for the week. The gains came about largely as the ECB's monetary policy announcement fell short of market expectations leading to the Euro surging and the Swiss…
Read More

AUDUSD (0.73): The Australian dollar is up 1.58% for the week with prices briefly posting a 5-week high above 0.7349 during the week. Economic data during the week was largely in the positive with the quarterly GDP beating estimates to rise…
Read More

On Wednesday, the European shared currency prolonged its losses against the greenback, pushing the EUR/USD pair in the vicinity of 1.06. The trend tested the critical support line from 1.06 after the release of flash CPI (Consumers Price…
Read More

US Dollar Index fails to break above 100, expect a test of support lower The US Dollar index is showing signs that the breakout above the 100 psychological level is proving harder than expected. This week prices saw a strong reversal after…
Read More

ECB Cuts deposit rates to -0.30%. Expands QE timeline from September’16 to March’17 Australia AIG services index 48.2 vs. 48.9 previously Australia HIA new home sales m/m -3.0% vs. -4.0% previously Australia Trade balance -3.31bn…
Read More

DOW .. (DJ_5z) 17860 Market retreat before hit any prices above 17900 which may add more risk for another drop correction market facing support zone at 17570 - 17600 where as long as market holding above this zone a continues…
Read More