Orbex - Forex Trading Library

Key Forex Afternoon Notes: Australia building approvals m/m -3.3% vs. -5%; building approvals y/y 8.8% vs. 5.1% RBA rate: 2.25% from 2.5% Switzerland exports m/m -3.1% vs. -0.1% previously UK construction PMI 59.1 vs. 57…
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Dow Jones: 17360 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 1280 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) 51.10 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: 117.45 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: 1.5055 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…
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EUR/USD 1.1340 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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Crude Oil emerged victorious on the first trading day of the month in February, rising as much as 1.5% for the day; in a clear follow through from last Friday's price action, which saw the "Black Gold" lift off from the lows of 43.91. In…
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The Reserve Bank of Australia cut its overnight benchmark lending rates by 25bps from 2.5% to 2.25%. The Aussie fell as much as 1.9% against the Greenback, as the RBA continued to talk down the Aussie's exchange rate earlier today. The…
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Follow your own best judgment and intuition If you are an experienced forex trader, the chances are that your trading decision-making skills and judgment will already be superior to those who are just joining the forex market since…
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