Orbex - Forex Trading Library

The Euro single currency emerged on the top last week as the risks of the Greek debt crisis showed signs of abating. Despite a shift to fundamentals, which should have seen the Euro weaken, the single currency managed to gain 1.37% for the…
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AUDUSD (0.727): The Australian dollar continues to trade bearish as the currency lost -1.5% to the Greenback at the time of writing. Economic data from the country was mostly limited to the RBA meeting minutes which showed that the Central…
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The Euro was able to create a new week’s higher high yesterday, showing good chances of further recovery for the next few days. The reason was Greece’s Prime Minister Tsipras press conference. Last Wednesday, the Greek parliament voted the…
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The US Dollar Index is currently trading at a critical level as far as technical analysis is concerned. The first chart below shows the daily chart plotting the Andrew's median line. Here we notice the recent top near 98.25 failed to hold…
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RBNZ cuts rates but Kiwi muted. UK retail sales fall Key Notes: RBNZ Official Cash rate, cut to 3% Greek government passes bailout vote Spain unemployment rate 22.4% vs. 22.8% UK retail sales -0.2% vs. 0.4%; y/y 4% vs. 4.8%…
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Dow Jones (DJI_5U) 17815 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 , which…
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Gold (XAUUSD) 1102 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 49.25 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 123.80 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…
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