Orbex - Forex Trading Library

GBPUSD 1.5610 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 1.1415 Higher Volatility,, On short-Term the market is ranging between the levels of 1.13 and 1.18, 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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At the beginning of the week USD/JPY fell hard and sudden, dropping from 119.70 to a low of 116.08 after information was released to public according to which S&P 500's future contracts hit circuit breakers. Investors' fear of a market…
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Gold futures remained subdued since early this week despite the major global equity rout.  As investors sold off the riskier equities and the currency markets saw a flight to safety with the Yen and the Swiss Franc gaining ground, the…
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China cuts interest rates and RRR to quell market fears Key Notes: Australia CB leading index m/m -0.2% vs. 0.2% previously China CB leading index m/m 0.9% s. 0.6% previously New Zealand inflation expectations 1.9% vs. 1.9%…
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EURUSD (1.15): The Euro is starting to ease back from the highs of 1.17 after staging a strong rally on break of 1.1133. Price broke the previous resistance at 1.148 - 1.144 and briefly touched the upper end of the rising price channel. The…
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There have been a lot of factors playing in investors’ minds but here’s a quick summary of the major factors that are a cause for concern and ones which could have played a role in shaping the investor sentiment to pull out of the equity…
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Risk aversion was the theme of the day led by the Asian markets which rubbed off globally. The Asian trading session was particularly volatile today as the Nikkie, Hang Seng and the Shanghai Composite, all declined by over 4% on average.…
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Dow Jones (DJI_5U) 16110 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) 1156 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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