Orbex - Forex Trading Library

GOLD 1194 Wide Range Market - breakout on the edge On the short term view ; the market is ranging widely between major levels of 1170s and 1220s ; the breakout of on of these levels would push further the market on the direction of…
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Oil (5K) 61.60 Short-term Correction ; On the short-term view ; the market has succeeded to continue pushing up the prices upwards gradually until it has penetrated the key resistance 56.50 ( now considered as a pivotal support ), and…
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USD/JPY: 119.80 Japanese Yen consolidate further - breakout soon to catch up the market movement as market has recorded a higher price over 120 yen per us dollar , the upward for the longer term view is more probable , however , the…
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GBP/USD: 1.5209 Correction Phase ; higher volatility expected to occur by the election cycle On the short-term , market bounced clearly to the downside after testing 1.5500 level, to achieve some temporary bearish correction,…
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EUR/ USD Correction phase 1.1220 On the short -term the market the market still ranging between 1.1000 and 1.1500 levels as awaiting a more data to decide the new mid-term direction. Now the market has reached the upper band of…
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Key Notes: Australia retail sales m/m 0.3% vs. 0.4%; Core retail sales q/q 0.7% vs. 0.8% China HSBC services PMI 52.9 vs. 52.3 previously Spain services PMI 60.3 vs. 57.4 Italy services PMI 53.1 vs. 52 France services PMI…
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The British Pound got some boost with the services PMI posting yet another month of gains. Data released by Markit, showed the British services sector PMI rising reaching an 8-month high at59.5, above 58.9 last month. The Pound saw a modest…
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EURUSD returned to the 1.1200 area after testing the 1.1080 support zone. Greece’s situation is still unclear as talks have not materialized and the European Commission cut its forecast for Greek gross domestic product in 2015 to 0.5% from…
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Crude Oil futures look to have established a short to medium term corrective uptrend. Price action has continued to gradually push higher after the formation of the inverted head and shoulders patterns few weeks ago in early March. At the…
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Key Notes: Australia AIG services index 49.7 vs. 50.2 previously Australia trade balance -1.32bn vs. -0.98bn RBA cash rate 2% as expected Spain unemployment change -118.9k vs. -64.8k UK Construction PMI 54.2 vs. 57.6 EU…
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