Orbex - Forex Trading Library

GBPUSD 1.5625 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…
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China's recent two day devaluation of the Yuan has clearly put the markets on edge with questions doubting the Fed's September rate hike plans. The move came as a surprise two days ago as economic data from China continued to deteriorate…
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Crude Oil continues to fall but a correction is around the corner Crude oil prices continued to remain weak shedding over -1% for the week to date. Prices were seen trading near the lows of 42.80, a 5-month low despite the weekly EIA…
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Germany’s ZFE – the investor expectation index which measures investors’ confidence in the German economy, fell again in August in spite of the positive sentiment surrounding the Euro zone in general and Greece in particular. ZWE declined…
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China currency moves continue to shock the markets Key Notes: Japan PPI y/y -3.0% vs. -2.9% Australia Westpac Consumer sentiment 7.8% vs. -3.2% previously Australia Wage price index q/q 0.6% vs. 0.6% Japan revised…
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Dow Jones (DJI_5U) 17210 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) 1117 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 for…
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Oil (CL_5U) 43.55 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 124.20 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 1.5595 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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