Orbex - Forex Trading Library

The Reserve Bank of Australia, in its monthly monetary policy meeting today decided to leave interest rates unchanged 2.0% for the 5th consecutive month. The RBA's monetary policy statement stuck to the basics noting that the Australian…
Read More

UK services PMI disappoints. Quarterly GDP tracks lower at 0.5% Today’s Economic Data: Australia AIG services index 52.3 vs. 55.6 previously Australia MI Inflation gauge m/m 0.3% vs. 0.1% previously Australia ANZ Job…
Read More

The end of last week revealed Australia’s figures regarding retail sales. The seasonally adjusted results for August came out as expected at 0.4%, versus July’s -0.1%. If we take a look at the trend, we can see that the Australian turnover…
Read More

The September jobs report was one of the most disappointing print this year, with the exception of the seasonal weak print seen in March earlier. The US economy added 142k jobs below the average trend of 200k and missing estimates of 201k.…
Read More

The US Dollar gave up its gains built over the week on Friday as disappointing nonfarm payrolls saw investors shedding the US Dollar. Risky assets gained with Canadian dollar posting the strongest gains of the week rising 1.34%. The gains…
Read More

AUDUSD (0.7): The Aussie dollar is up 0.8% for the week after prices touched the lows of 0.6949 forming a double bottom. Prices are expected to remain poised to the upside in the near term. Data this week from Australia saw the building…
Read More

DOW .. (DJ_5z) 16240 Dow Jones still trading in high volatility range, and as we see from last trading session chart and today chart , the market in a bearish era .We do expect the levels of 15,500s as the Mid-Term Target ( Higher…
Read More

XAUUSD 1106 Market still trading near from the major mid-term down trend , no clear signal for down move as long as market still trading higher than the levels of 1088s , and no clear signal as well for the upward move as long as…
Read More

Oil (CL_5X) 45.25 A descending triangle, theoretically, this triangle should be broken downward because of increasing selling pressure, however, there is no SHOULD word to be said in the market. Awaiting a confirmation evidence for…
Read More

USDJPY 120.16 Nothing to be said in the range market, technically, we are awaiting a successful breakout for the shown symmetrical triangle. So, 121 & 119.20 we will consider it the upper band and lower band for the that range…
Read More