Orbex - Forex Trading Library

USDJPY 123.15 market managed to head for drop correction as we expected while managed again to test support zone 122.00-55 which still consider as long(buy) zone as long as market holding trades above main support 121.45-65 the…
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GBPUSD 1.5045 market still holding trades inside Falling wedge formation market still facing support zone 1.4960-80 as we see over the chart , as long as market holding daily close above 1.4980 the market will have chance for…
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EUR USD 1.0590 as we advised last week, market may sustain trade inside this downtrend channel as market facing main support zone inside 1.0460 - 1.0520 zone, this zone may hit market for another bigger rebound correction over…
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During Monday the Chicago Business Barometer went down 7.5 points, hitting a low of 48.7. The massive fall was caused by the decline is new orders, which reached their lowest point since March. The Barometer’s reading for October was at…
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The precious metals had a bearish month in November. Gold prices fell -6.82% for the month while Silver prices declined -9.52%. The precious metals continue to be weighed down by expectations that the Federal Reserve will hike rates at the…
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RBA leaves cash rate unchanged at 2.0% Australia AIG Manufacturing index 52.5 vs. 50.2 previously Australia building approvals m/m 3.9% vs. -2.5%; y/y 12.3% vs. 5.7% China PMI Manufacturing 49.6 vs. 49.9; non-manufacturing PMI…
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EURUSD (1.059): EURUSD continues to trend lower with no reasonable correction in sight. However, the Stochastics continues to build up a strong bullish divergence, which taken into context brings the risk of a short squeeze on the Euro in…
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AUD and NZD gains on a risk off sentiment Australia MI Inflation Gauge m/m 0.1% vs. 0.0% previously Japan Retail sales y/y 1.8% vs. 0.9% Japan prelim industrial production m/m 1.4% vs. 1.9% New Zealand ANZ Business…
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Last week ended with the release of Japan's national CPI (Consumer Price Index) for October and also the early Tokio CPI figures for November. The outcome should have been a reassurance for the market participants that there still is a…
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The US Dollar closed the week on the top as the markets head closer to the Fed's rate hike decision in December. This week's data was broadly supportive of the US Dollar as the GDP numbers for the third quarter in the US was revised from…
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