Orbex - Forex Trading Library

After breaking below the $1150 psychological support few weeks ago, Gold prices remained under pressure as the precious metal was seen trading near five year lows. Keeping up the pressure is the market expectations for the Fed's FOMC…
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A survey came out yesterday which showed that the deal between Greece and its creditors and talks over a third bail-out have boosted investors’ confidence in Europe’s largest leading economy. German business confidence improved this month…
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UK Q2 GDP rises 0.7%, matches expectations Key Notes: UK Q2 GDP Preliminary estimates 0.7% vs. 0.7% UK GDP y/y 2.6% vs. 2.6% UK Index of services 3m/3m 0.4% vs. 0.5%; Index of services m/m 0.3% vs. 0.3% Canada IPPI m/m 0.5%…
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Dow Jones (DJI_5U) 17470 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) 1092.5 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…
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Oil (CL_5U) New Contract 47.05 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…
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USDJPY 123.70 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 1.5600 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 1.1035 Higher Volatility with higher uncertainty On short-Term the market is ranging between the levels of 1.08 and 1.13, any penetration of the market of one of those levels would push the market further on the breakout…
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The markets this week will see the US and UK first estimates of the second quarter GDP for the year 2015. Heading into the release, the markets by and large remain vastly optimistic on the GDP's for both the economies to have performed…
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