Orbex - Forex Trading Library

On Monday, officials published the US Existing Home Sales for August. Values missed the estimates with a significant margin, coming in at 5.31 million – meaning a 4.8% contraction – with an estimate of 5.51 million. Also, the August figure…
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XAUUSD (1126.5): Gold futures are down -1.13% as the precious metal declined broadly this week failing to hold on to the gains from last week. Gold prices fell off the weekly open near 1139.4 to dip to weekly lows at 1122.80, which marks a…
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Yen gains as mild risk aversion mood sets in! Today’s Economic Data: Australia HPI q/q 4.7% vs. 2.4%; HPI y/y 9.8% vs. 8.0% Swiss Trade balance 2.87bn vs. 2.75bn Swiss exports m/m -2.4% vs. -2.3% previously; imports m/m -4.0%…
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New Dow Contract … DJI_ 5Z 16236 Market is confusing and asking one clear question ? Is dow is trading out of the pattern ( Breakout-out has occurred ) or still within the pattern ? This is tricky questions and considered the…
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XAUUSD 1131 The confusing yellow metal ! as long as the market as shown below the mid-term down trend as we highlighted it , it means the downside risk is over there and can not be ignored , despite , we see higher probability on…
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New Oil Contract … CL_5X 45.75 It has tested the broken descending triangle, which then we do expect a higher levels to come as long as market higher than the tested candle as shown on the chart! Which is at the levels of 43s. In…
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USDJPY 119.91 AS the market within the symmetrical triangle then we will wait is the better option for any wise trader. The main levels 121 / 118, any penetration of one of them it means more to come on the direction of the breakout…
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GBPUSD 1.5444s It was clear like water, the market has re-tested the broken pattern at the levels as we mention, and generated bear candles. A Sell-Off is the higher probable scenario as long as the market below 1.56s, to waiting…
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EURUSD 1.1163 AS we mentioned yesterday, The 1.1250s level was considered the pivotal point below it we have seen, the sell-off generated below that level to be traded at 1.1180s levels. So, we do see more sell to come as the…
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EURUSD (1.11): EURUSD has established firm resistance near 1.148 - 1.144 region. The rally off the FOMC meeting last week saw prices failing to break above the resistance level and resulting in a steep decline. Technical support comes in at…
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