Orbex - Forex Trading Library

Oil (H5) 50.15 Oil tumble after OPEC decision with no supply cut Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action Market managed to add more drop pressure after the International Energy…
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USD/JPY: 119.85 Japanese Yen on uptrend wave Short-run market managed to obtain drop correction after testing resistance level of 120.80 market managed to hit 120.45 yesterday before market retreated fast on speculation that Yen…
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GBP/USD: 1.5330 Pound under drop pressure market managed to fell after ECB announced QE program , while market managed to break below 1.5035 which initiate new downtrend wave that may target 1.4800 as first target while today…
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EUR/USD 1.1335 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 last week…
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The Japanese Yen turned around during early European trading session as BoJ officials came out strongly (and rather unexpectedly) against the weaker Yen. The most notable comments was that the Japanese Central Bank announced a halt to any…
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Is Gold resuming its downtrend? Gold futures failed to hold on to their bullish momentum, reversing its gains from highs of 1300 levels. Failure to support prices near 1250 levels saw Gold futures decline below the 1250 handle currently…
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Latest figures for the month of January showed a dismal performance in the Australian job markets as the economy saw -12.2k jobs against expectations for a decline of -4.7k. The unemployment rate also dipped further in the red, rising to…
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Key Forex Afternoon Notes: Australia Westpac consumer sentiment 8% vs. 2.4% previously Japan bank holiday Australia home loans m/m 2.7% vs. 2.3% Later: US Crude oil inventories US Federal budget balance New Zealand…
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The skeleton of the global economy experiences earthquakes increasingly stronger. Even though the United States seem to strengthen its economy and thus is towing the weak ones, China is in a worse position. The desired rate of 7% growth for…
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Dow Jones: 17765 Equity on trading zone Dow managed to hit zone of 18000-100 last year which provided good zone to re-short-sell market as we advised before as long as market holding trades below 18100 will expect some drop…
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