Orbex - Forex Trading Library

On Monday, the AUD/USD’s trend was influenced mostly by the Chinese release of Q3’s (3rd quarter) GDP (Gross Domestic Product). The figure surpassed the expected 6.8% yoy (year-on-year), coming in at 6.9% yoy, but still under the previous…
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NZDUSD which enjoyed a strong rally over the past few weeks was considerably weaker since yesterday after Fonterra's Global Dairy price index declined -3.1% down from 9.9% previously. For the most part of 2015, Fonterra's dairy prices were…
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Gold and Silver prices have been trending lower to flat this week. Gold is currently up 0.12% while Silver has declined -1.45%. While previously, a weak US Dollar helped the metals to recover some of their declines the recent recovery in…
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Neutral RBA minutes boost Aussie higher RBA releases monetary policy meeting minutes Switzerland trade balance 3.05bn vs. 2.51bn German PPI m/m -0.4% vs. -0.1% MPC member McCafferty Speech BoE Governor Carney Speech…
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DOW .. (DJ_5z) 17080 Dow Jones still trading in high volatility range, the market in a reversal to upward mode .We do expect now the levels of 17350 . However, the new mid-term uptrend would be expected and the market’s target…
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XAUUSD 1175 Market has broken the mid-term down trend at the levels of 1120s , as long as the market trading higher than these levels then on the short-term the higher probability move would be upward with increasing buying pressure…
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Oil (CL_5Z) New Contract 46.24 Failure descending triangle. However, the market confirmed for breakout of that pattern and break 49 level and now on the pullback scenario to re-test the broken pattern. Now oil price continues its…
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USDJPY 119.63 A downward breakout to the major support at 118s , as expected . that was the result of weak dollar and penetration of the pattern as we highlighted on our charts . So what to come next ? we would see a pull back to…
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GBPUSD 1.5480 GBP-USD, with an increasing buying pressure, so, with this new development the most probable scenario is a short up trend toward 1.5480 level that’s will extend the bullish wave to reach 1.5600, while the bullish bias…
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EUR USD 1.1379 EUR USD success to break the descending triangle, and now we still seeing the buying pressure is stronger. As long as market higher than the levels of 1.1230s then an upward move to 1.16s is the higher probable move,…
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