Orbex - Forex Trading Library

EURUSD 1.1145 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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The Office of National Statistics (ONS) will be releasing the monthly jobs data for the UK today at 0830GMT. The median estimates from economists polled, expect to see the UK unemployment rate remain steady at 5.6%, unchanged from last…
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Gold futures are showing signs of a recovery after the precious metal tested the lows of 1081.13 last week. The recovery comes as we pointed out last week on the bullish RSI divergence which could see Gold futures post a correction to the…
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China devalues the Yuan. Greenback lifted Key Notes: BRC retail sales monitor y/y 1.2% vs. 1.8% previously China M2 money supply y/y 13.3% vs. 11.7% Australia NAB business confidence 4 vs. 8 previously Japan preliminary…
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In the US, the labor market in recovering well and it’s almost back to full health although the inflation is still low according to Fed’s Vice Chairman, Stanley Fished, in yesterday’s press-conference. Also, it was explained that these…
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EURUSD (1.09): EURUSD has been consolidating near the 1.09 - 1.095 level of support and resistance for close to 25 daily sessions. Price action has been stuck in a range within the falling price channel after the break out from the major…
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Currency markets largely flat with lack of economic data Key Notes: Japan Current Account 1.3 Trillion vs. 1.41 Trillion Japan consumer confidence 40.2 vs. 42.2 Japan Bank lending y/y 2.6% vs. 2.5% previously Japan economy…
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Dow Jones (DJI_5U) 17365 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) 1094 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) 43.85 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 and…
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