Orbex - Forex Trading Library

EURUSD 1.1035 Higher Volatility,, On short-Term the market is ranging between the levels of 1.08 and 1.14, The market breached 1.1100 level again, which activates the positive scenario to target testing 1.1250 level as a first main…
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Trading Oil, whether it is Crude Oil (WTI or US Oil) or Brent Oil (XTI or UK Oil) can be oddly different than trading currencies or any other markets for that factor. Most traders tend to make the mistake of trading Oil just as they would…
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According to Japan’s preliminary GDP analysis on Monday, Japan GDP data shows a contraction in the economy due to the fall in exports, corroborated with a weak consumption. As per Japan’s Cabinet Office, the GDP fall was of 0.4% in Q2 but…
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The precious metals markets were trading mixed for the week. Gold futures were up a mere 0.21% for the week after prices tested the highs to 1127 late last week. A mixed US Dollar and rather slow markets have seen prices consolidate for the…
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UK CPI beats estimates rising hopes for the BoE hawks to vote for rate hikes Key Notes: RBA releases monetary policy meeting minutes Australia new motor vehicle sales -1.3% vs. 3.9% previously UK CPI y/y 0.1 vs. 0.0%; Core CPI…
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Dow Jones (DJI_5U) 17450 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) 1119.50 Gold penetrate !! A market hit the cheapest price for the yellow metal for the first time since March 2010. The market broke a declining symmetrical triangle, 1225 and 1162 represent the expected trading range…
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Oil (CL_5U) 41.60 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 slowing demand and…
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USDJPY 124.30 Bullish Scenario still valid for the pair After penetrating the bullish consolidation pattern; the market would still bullish unless the market is traded below 121.80/120.50. Market has rebounded after recording the…
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GBPUSD 1.5695 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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