Orbex - Forex Trading Library

Key Forex Afternoon Notes: Australia retail sales m/m 0.2% vs. 0.3% German factory orders m/m 4.2% vs. 1.5%; y/y 3.4% vs. 0.7% EU Economic forecasts BoE rate 0.5%, unchanged US initial jobless claims 278k vs. 290k US…
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Dow Jones: 17675 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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GOLD 1263 Gold on demand as haven market jumped into haven Gold after SNB announced last week the ending of exchange rate cap with Euro which placed demand for haven over short-run while European finance ministers agreed to work…
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Oil (H5) 49.10 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: 117.35 Japanese Yen on uptrend wave Short-run market managed to obtain drop correction after testing resistance level of 120.80 market showing ability to sustain the drop correction , where as long as market holding…
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GBP/USD: 1.5240 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 as long as market…
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EUR/USD 1.1420 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 market managed to rebound this week…
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With the weakness in the US Dollar Index the past few weeks has noticed that most of the major currency pairs seem to have formed a bottom. EURUSD, for example dipped lower to 1.10975 before easing back from the lows. Likewise, GBPUSD also…
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US Dollar Index Weekly Analysis – 05/02 The US Dollar Index closed last week on a very bearish note, gapping higher from the previous week’s close only to end the week bearish. In the process, the Dollar index has formed a hanging man…
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Key Forex Afternoon Notes: RBNZ Governor Wheeler Speech China HSBC services PMI 51.8 vs. 53.4 previously Spain services PMI 56.7 vs. 54.4 Italy services PMI 51.2 vs. 50 France services PMI 49.4 vs. 49.5 Germany services PMI 54…
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