Orbex - Forex Trading Library

Gold (XAUUSD) 1121 Gold penetrate !! A market hit the cheapest price for the yellow metal for the first time since March 2010. The market succeeded to reach the bearish channel’s resistance after breaching 1145 levels ( Penetrated it…
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Oil (CL_5v) New Contract 45.75 Longer consolidation phase, but no major changes on the fundamentals of that market After recording the lowest level of the year (41.35 levels) because of a material increase at supply side with a…
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USDJPY 120.50 Bullish Scenario still valid for the pair The market bounced upwards strongly after the sharp decline that happened, and need to stay above 118 , But the price needs to breach 120.50 level then 121.80 to open the way…
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GBPUSD 1.5375 Recovering from the bottom with accelerated counter-trend move The pair on a major wide consolidation area, ranging between 1.52s and 1.60s level, as more of the major pair the ranging market which is expected to follow…
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EURUSD 1.1175 Higher Volatility,, On short-Term the market is ranging between the levels of 1.10 and 1.17, The market breached 1.1700 level, which activates the positive scenario to target testing 1.15 level as a first main target.…
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The Bank of Canada's monetary policy is due for release today at 1400 GMT. The market consensus expects to see the BoC keeping interest rates unchanged at its meeting today. Economic data from Canada over the past month has shown signs of…
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The beginning of this week came with the Japanese quarterly GDP release (Gross Domestic Product) for the second quarter of this year. The final reading put the quarter-to-quarter rate at -0.3% versus an expected -0.5%, the seasonally…
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Diversification is typically an important part of a prudent portfolio manager’s strategy, which basically implies that they avoid putting all of their eggs into one basket. For a forex trader this means that trading more than one currency…
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Gold futures have been trading flat for the week despite the market sentiment taking on risk as the commodity currencies have made strong gains this week already. Gold was trading flat at 0.01% for the week at the time of writing. The flat…
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Commodity risk currencies post strong gains in a risk off sentiment Key Notes: New Zealand manufacturing sales q/q 0.4% vs. -2.6% previously Japan current account 1.32Tn vs. 1.25Tn Japan Final GDP q/q -0.3% vs. -0.4%…
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