Orbex - Forex Trading Library

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…
Read More

Currency markets quiet as Yen strengthens on China equity market concerns! Key Notes: Japan SPPI y/y 0.4% vs. 0.6% German import prices m/m -0.5% vs. 0.2% German Ifo business climate 108 vs. 107.6 Eurozone private loans y/y…
Read More

Dow Jones (DJI_5U) 17410 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) 1093 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…
Read More

Oil (CL_5U) New Contract 47.60 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 123.20 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 1.5510 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 1.0975 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…
Read More

EURUSD (1.106): After declining from the highs of 1.14 in June, the single currency fell to the lows near 1.0815 this month. The decline was however well supported with a strong reversal from the lows of 1.0815 and has managed to clear the…
Read More

The analyses of July's economic data pointed out that the US business conditions improve, especially in the manufacturing sector. The increase to 53.8 of the seasonally adjusted Markit Flash Manufacturing PMI comes after June's 20-month low…
Read More