Orbex - Forex Trading Library

EURUSD 1.0990 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 Reserve Bank of New Zealand in its July monetary policy meeting decided to cut interest rates by 25 basis points, bringing the overnight cash rate from 3.25% to 3%. The move was widely expected and was in fact priced in since the last…
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Crude Oil back to trading below $50 Crude Oil futures remained pressured to the downside, with the commodity shedding close to -2.8% for the week as of Thursday, 23rd July trading near $49.33. The onset of the bearish price action in…
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NZDJPY: The Kiwi posted an all time high above 94 in early 2014 and since then has been in a gradual decline. While the currency initially fell rapidly in the early part of this year to form a short term base at 85.37, the bounce from here…
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EURUSD (1.089): EURUSD bounced off at the first instance after declining to the support at 1.0815 as noted in our previous week's analysis. The bounce however saw a sharp rejection near the support/resistance level of 1.0977. Price action…
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From last week's precious metals analysis, we outline two scenarios for Gold. Bullish Scenario: In this scenario we expected to see a rally back to 1200 on an upside breakout from the falling price channel and on successfully breaking…
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US Dollar recovers from yesterday’s losses. Focus on RBNZ Key Notes: Australia CPI q/q 0.7% vs. 0.8%; CPI y/y 1.5% vs. 1.7% RBA Governor Stevens Speech BoE Minutes shows bank rate vote 0 - 9 Italy retail sales m/m -0.1% vs.…
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Dow Jones (DJI_5U) 17790 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) 1094 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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