Orbex - Forex Trading Library

Talks in Bruxelles seem to have brought the Eurozone closer to a new bailout deal for Greece. While the Hellenic banks are still closed, leftist Prime Minister Alexis Tsipras was told to push legislation through parliament to convince his…
Read More

About a few weeks ago, we pointed to potential trade opportunities in the Euro cross currencies; the EURCAD and the EURAUD. These two currency pairs got the attention largely for two basic reasons. The Aussie and the Canadian dollars are…
Read More

After months of stalled talks and bickering, the Eurogroup and Greece have reached an agreement. In a twitter announcement, the news was first broken by Belgian Finance Minister, Charles Michel, who tweeted "Agreement". The Euro single…
Read More

After close to two months of decline, the Kiwi Dollar came out as the top performing currency for the week, gaining close to 0.45% against the Greenback. The Euro came in second gaining 0.41% as hopes of a resolution to the Greece crisis…
Read More

AUDUSD (0.744): The Australian Dollar managed to strengthen for the week, despite falling close to -0.9%. Economic data for the week saw a mixed but an overall positive numbers. While the RBA left interest rates unchanged and could likely…
Read More

Surprisingly enough, Greece's position towards the reform package has changed radically. The Greek government sent a package of reform proposals to its euro zone creditors on Thursday, asking for 53.5 billion euros, a review of primary…
Read More

The US Dollar Index has been trading sideways for the past 5 sessions on the daily charts, indicating that a possible break out that is imminent. At the first glance, the US Dollar Index looks biased to the downside, but we need to see a…
Read More

Aussie lifted on strong unemployment data. BoE leaves interest rates unchanged Key Notes: Japan Core machinery orders m/m 0.6% vs. -4.8% Japan M2 money stock y/y 3.8% vs. 4% Australia employment change 7.3k vs. -2.1k;…
Read More

Dow Jones (DJI_5U) 17590 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…
Read More

Gold (XAUUSD) 1162 A range market near fro the cheapest price for the yellow metal Market is trading on a declining symmetrical triangle, 1225 and 1162 represent the expected trading range for gold. Breaking 1162s levels would…
Read More