Orbex - Forex Trading Library

Despite the decline of investors' confidence proved by the data released early last week, Germany's economy is still expanding but not as expected. The Federal Statistical Office (Destat) published on Friday the estimated value of the…
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The Aussie and the Kiwi currencies were the worst performing last week led by the Yuan devaluation which dragged down with it most of the other Asian currencies as well. For the week, the Kiwi lost close to -1.31% followed by the Aussie…
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Lawmakers in Greece approved a deal for the country’s third bailout, which could unlock the country to receive new loans worth billions of Euros. The Eurozone finance ministers approved the first tranche of 26 billion Euros as part of the…
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AUDUSD (0.73): The Aussie along with the Kiwi were victims of the Yuan devaluation this week. AUDUSD fell -0.49% for the week and remains under pressure. This week was relatively quiet for Australia in terms of economic data. Wage price…
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Yesterday, the US Commerce Department released a report about the rise in retail sales for July. The report thoroughly explained the 0.6% rise in July's sales - right after registering 0.3% decay in June, actual data aligning with the…
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Dow Jones (DJI_5U) 17325 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) 1118.50 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) 42.30 Longer consolidation phase, but no major changes on the fundamentals of that market After recording the lowest level of the year (45/44 levels) because of a material increase at supply side with a slowing demand…
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USDJPY 124.10 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 1.5635 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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