Orbex - Forex Trading Library

The US economy had a busy week with the FOMC statement and the advance GDP data being released. The Dollar Index was no doubt under pressure as investors geared up for positioning in the near medium term. The July FOMC statement did not…
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US Q2 GDP estimated at 2.3%. Annualized PCE up 2.9% Key Notes: Japan prelim industrial production m/m 0.8% vs. 0.3% Australia building approvals m/m -8.2% vs. -1.0%; y/y 8.6% vs. 19.5% Australia export prices q/q -4.4% vs.…
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In the US, Fed has decided with 100% of votes that the interest rate should be kept at the same level as in the past months. Although the decision was widely debated in the statement, there are no hints about a future lift-off. The target…
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Crude Oil could correct to $51! WTI Crude Oil prices got a boost after the US energy information administration reported the weekly inventories which saw a surprise drop in Crude Oil stockpiles which fell by 4.2 million barrels during…
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The second quarter advance GDP estimates is due for release later this evening. Heading into the event, the market consensus is for the US GDP to have grown at a pace of 2.6% during the second quarter, up from a dismal -0.2% contraction…
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Markets await FOMC statement Key Notes: RBNZ Governor Wheeler Speech Japan retail sales y/y 0.9% vs. 0.8% Swiss UBS consumption indicator 1.68 vs. 1.62 previously Gfk German consumer climate 10.1 vs. 10.1 UK M4 money…
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Dow Jones (DJI_5U) 17580 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) 1096 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) New Contract 47.70 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…
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USDJPY 123.65 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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