Orbex - Forex Trading Library

GBPUSD 1.5156 GBP-USD, has rebounded significantly from the major support of 1.5150s/1.5105s, with an increasing buying pressure, so, with this new development the most probable scenario is a short up trend toward 1.5320s. However,…
Read More

EURUSD 1.1167 EUR – USD is trading with a major confusion, ranging between 1.11s & 1.12s. So, any penetration of one of these levels we will consider the new direction for the short-term.MOreover , as today the release for the…
Read More

The US Dollar has been trending sideways for the past week but prices remain biased to the upside with the support at 95.72 - 95.45 holding up so far. The Dollar index has been mostly choppy as the currency index awaits today's US nonfarm…
Read More

On Tuesday, UK’s ONS (Office for National Statistics) released the latest data according to which the economy expanded by 0.7% qoq (quarter-on-quarter) for Q2, as estimated by analysts. The yoy (year-on-year) value of the GDP was revised…
Read More

Equity markets firm on the first trading day of the month Today’s Economic Data: Australia AIG manufacturing Index 52.1 vs. 51.7 previously Japan Tankan manufacturing Index 12 vs. 12 Japan Tankan non-manufacturing Index 25 vs.…
Read More

A trading looking for an auto trading forex solution is bound to end up confused given the choices of various expert advisors that are available in the markets. To add further to this confusion, some auto trading forex expert advisors…
Read More

EURUSD (1.114) has been ranging for the past 7 months after prices posted a low to 1.0461 in March this year and the highs to 1.1713 formed in the month of August. While EURUSD parity was the most talked about in the early parts of this…
Read More

Crude Oil remains range bound Crude Oil futures continue to trade sideways posting a 4th straight week of ranging. For the week to date, Crude oil futures are up 0.46% with the consolidation seen around 44.83 support from the weekly…
Read More

US Dollar trades firm into end of Q3 Today’s Economic Data: Australia building approvals m/m -6.9% vs. -2.0%; y/y 5.1% vs. 7.4% Australia private sector credit m/m 0.6% vs. 0.5%; y/y 6.3% vs. 0.5% Germany retail sales m/m…
Read More

DOW .. (DJ_5z) 16150 Dow Jones still trading in high volatility range, and as we see from yesterday chart and today chart , the market in a bearish era .We do expect the levels of 15,500s as the Mid-Term Target ( Higher probable…
Read More