Orbex - Forex Trading Library

Oil (CL_5Q) 52.70 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 slowing demand and…
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USDJPY 121.50 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 1.5380 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 1.1045 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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Australia's unemployment rate stood at 6% in June, while May's unemployment rate was revised to 5.9% from previous estimates of 6%. The Australian jobs report for the month of June was overall positive as employment grew by 7300 jobs.…
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Crude Oil weakens by over 5% for the week, but bias remains to the upside Crude Oil futures continued their decline since the week before. The downside momentum picked up as prices for Crude oil fell sharply this week, down by close -5%.…
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Greece given (yet another) deadline until Sunday. Focus on FOMC today Key Notes: BRC Shop price index y/y -1.3% vs. -1.9% Japan currency account 1.64Tn vs. 1.39Tn Japan Bank lending y/y 2.5% vs. 2.6% Japan economy watchers…
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Euro zone members have given Greece until the end of the week to come up with a proposal as European Council President Donald Tusk said "tonight I have to say loud and clear that the final deadline ends this week". European leaders aren’t…
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Gold futures were down this week, trading -1.25% lower since Monday's open. Prices fell sharply as Gold tested the lows of 1150. The drop in prices comes despite the geo-political uncertainty surrounding Greece and its debt crisis. With the…
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Eurogroup meets as Greece re-negotiations start. Pound Sterling weakens -1% Key Notes: New Zealand NZIER Business confidence 5 vs. 23 previously Australia AIG Construction index 46.4 vs. 47.8 previously RBA leaves cash rate…
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