Orbex - Forex Trading Library

USDJPY 124.75 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 1.5475 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 1.0930 Higher Volatility with higher uncertainty On short-Term the market is ranging between the levels of 1.07 and 1.12, any penetration of the market of one of those levels would push the market further on the breakout…
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The RBA statement shred a positive light on Australia's economical future, offering a little support to the AUD/USD by announcing a 2.5% inflation forecast in the next two years. On the other hand, the expected growth rate for 2015-16 has…
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Friday's nonfarm payrolls report for July was a mixed bag with the monthly number of jobs falling below expectations. However, that was offset by the unemployment rate staying put at 5.3% alongside an upward revised number for June from…
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The Australian dollar emerged on the top of the list this week gaining over 1.67% for the week beating all its peers. With the exception of the unemployment rate ticking higher for the month, retail sales beat expectations and the Aussie…
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AUDUSD (0.733): The Australian dollar saw a relatively stronger week as the currency was boosted by an overall modestly positive data. Retail sales for the month grew at a pace of 0.7%, beating estimates of 0.5%. The unemployment rate was…
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Yesterday, Australia published the employment figure for July. ABS announced strong results, with the seasonally adjusted new jobs creation over 38.5K. Full-time jobs went up with 12.4K and part-time jobs with 26.1K. The Australian…
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Dow Jones (DJI_5U) 17350 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) 1090 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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