Orbex - Forex Trading Library

Oil (CL_5U) New Contract 46.05 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…
Read More

USDJPY 124.35 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…
Read More

GBPUSD 1.5610 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…
Read More

EURUSD 1.0870 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…
Read More

RBA’s decision yesterday was in line with everyone’s expectations, the interest rate being kept at 2%. Thorough this decision, they remain constant in sustaining an impartial opinion regarding a possible dovish tone. Although the Australian…
Read More

The precious metals remain under pressure in an environment of uncertainty surrounding the US rate hikes. For the week, Gold was down -0.8% while Silver was down -1.57% at the time of writing. With the US Federal Reserve preparing for a…
Read More

There seems to be no respite to the economic indicators in New Zealand as the latest jobs numbers posted disappointing figures. Unemployment rate for the month of July stood at 5.9%, up from 5.8% last month, while on a quarterly basis…
Read More

Yesterday, the Greek stock market reopened after a five-week closure. The drop was a colossal 23% majorly due to capital control restrictions. The ASE benchmark recorded a historical minimum of 615.50. Bank shares (Piraeus Bank SA and…
Read More

Dow Jones (DJI_5U) 17480 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 (…
Read More

Gold (XAUUSD) 1091.90 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…
Read More