Orbex - Forex Trading Library

Markets are expecting to see retail sales pick up 0.7% on the core and 1.1% on the headline, quite a high bar in terms of expectations.
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With close 5 weeks to go for the UK General Elections, GBP preview is likely to turn volatile but weaker in the run up.
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The Forex daily summary for 13 April features Japan Core machinery orders m/m, Japan PPI y/y, China trade balance, Italy industrial production m/m and more
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Dow Jones: 17950 Equity on a bigger consolidation pattern - with upward slope On the longer-term as long as market trading higher than 17,000 us dollar for the index ;then it is an buy opportunity to target $20,000. in case now rate…
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GOLD 1199 Wide Range Market - Consolidation Pattern On the short term , the market still ranging between wide levels 1185/1225 - yesterday up move has not been sustained and awaited more confirmation for that move - with down move…
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Oil (5K) 52.20 Short-term Correction ; further higher prices is expected On the short-term view ; we have mentioned earlier on our reports that the market is trading between 50s and 47s levels ; any successful breakout would continue…
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USD/JPY: 120.70 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 the upward for the longer term view is more probable , however ,…
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GBP/USD: 1.4599 Wide range market ; the lower boundary and a breakout has occurred On the short-term ; the market is clearly on a range market trading between , 1.50 and 1.47 levels ; any breakout the move would be fast and strong…
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EUR/ USD Correction Phase ; Downside Breakout 1.0520 On the short -term the market the market still ranging between 1.07 and 1.12 levels as awaiting a more data to decide the new mid-term direction ; those levels considered…
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Bearish tendency seems to gain momentum with the main driver of American dollar, while the other currencies are weakened by the contracting economies.
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