Orbex - Forex Trading Library

GBP/USD: 1.5420 Pound & the rebound correction as we see over the chart, market managed to hold uptrend rebound correction where managed last week to test 1.5480 zone short-run showing support level around 1.5315 which as long…
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EUR/USD 1.1235 Euro tumbled after ُECB Draghi announced bigger QE Euro slump after Mr. Draghi announced bigger than expected quantitative easing which placed new drop pressure over Euro U.S labor market data managed to add more…
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As expected, Yellen didn’t surprise anyone on Wednesday. It turned out to be a very quiet day, especially in the Forex market. The volatility was below the 10 days average, even though US New Home Sales were released above expectations.…
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It was a particularly interesting week for the Greenback with fundamental risks from Fed Chair, Janet Yellen's testimony to the Senate and yesterday's data dump. Although the Dollar index was weak for the most part of February, there are…
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Key Forex Afternoon  Notes: Australia private expenditure q/q -2.2% vs. -1.7% Gfk German consumer climate 9.7 vs. 9.6 German unemployment change -20k vs. -10k Italy retail sales m/m -0.2% vs. 0% UK GDP q/q second estimate 0.5%,…
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Crude, preparing for take off! While the markets are focused on Crude oil inventory stock piles and the Baker Hughes rig count, from a technical perspective, we are starting to see that Crude oil prices are nearing their completion of a…
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Few days ago, the Bank of Canada Governor, Stephen Poloz delivered his speech, which the markets translating it to be hawkish on a few comments made. He noted that the surprise rate cut in January was more of an "insurance" against the…
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Key Forex Afternoon Notes: Australia construction work done q/q -0.2% vs. -1.2% Australia wage index q/q 0.6% vs. 0.6% China HSBC flash manufacturing PMI 50.1 vs. 49.6 UK, BBA mortgage approvals 36.4k vs. 36.2k Later…
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In short, the realistic answer would be, "No one knows" and that includes the very people at the heart of the question, the FOMC voting members and the Fed Chair, Janet Yellen. Sometimes, it becomes far too convenient to get swayed by…
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Monday, the German IFO Business Climate was released below expectations and Greece delayed giving its list to the European officials until Tuesday. The general direction of the Euro on the first day of the week was down. EURUSD fell below…
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