Orbex - Forex Trading Library

AUDUSD (0.694): The Australian dollar continues to remain bearish and looks poised for another week of losses of near -3.0%. The RBA left interest rates unchanged and stuck a neutral tone but it didn’t help lift the Aussie much. Post RBA,…
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Dow Jones (DJI_5U) 16160 A rising channel … As shown on the chart the market is at the lower boundary of the rectangle patter ( the blue levels ) , and on the lower levels for the bigger rising channel at 17600/17500 levels (…
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Gold (XAUUSD) 1124 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 46.50 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 119.05 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 to…
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GBPUSD 1.5220 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 1.1135 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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Wednesday came with the release of Australia’s quarterly GDP (Gross Domestic Product) for Q2. The quarter-on-quarter variation came at 0.2% although the expected value vas of a 0.4% hike. The year-on-year figure also registered below…
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The Fed rate setting committee will get to see how well the US labour markets fared last month as the August payrolls report marks the final and perhaps very important piece of report when the Fed's FOMC members huddle on September 16th and…
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The US Dollar Index has been trading fairly stronger this week with the week to date gains of 0.16%. However, the main test to the Index comes from today's nonfarm payrolls report which could shift the bias in either direction. On the…
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