Orbex - Forex Trading Library

GBP/USD: 1.5165 Pound under drop pressure market managed to hit 1.5035 low before rebounding last Thursday market rebound above support level of 1.5100 which indicating ability for farther rebound correction as long as…
Read More

EUR/USD 1.1755 EURO on Downward Breakout Short-run market managed to sustain drop movement as expected as Euro holds trades below 1.2040 market now showing trading zone where support at 1.1650-90 , while first resistance…
Read More

European markets opened with a lot of activity as the ECJ (European Court of Justice) prepared to give its counsel on the ECB's OMT program which was started in 2012. Although the program never really kicked off, the outcome was important…
Read More

Hardly a day goes by without outstanding events. What’s happening today? Well, The European Court of Justice is due to announce a preliminary, non-binding ruling regarding the constitutionality of the ECB's Outright Monetary Transactions…
Read More

Crude Oil, possible bottom at $41.70 - $41.50 but beware of a corrective rally Crude Oil futures was the major talk across the various news outlets this week as the commodity, often referred to as the 'Black Gold' broke below the $45…
Read More

Don't fight the market. It is a lot bigger than you! The huge forex market is much larger than any individual trader or financial institution, so fighting it will almost certainly be a recipe for disaster as a currency trader. You can…
Read More

Key Forex Afternoon Notes: China exports y/y rises 9.7% vs. 6% forecasts; imports y/y -2.4% vs. -6.2% Italy industrial production m/m 0.3% vs. 0.1% UK headline CPI y/y 0.5%; core CPI y/y 1.3% Global markets saw a bullish day…
Read More

The Euro is known to react to comments from ECB officials as anticipation continues to grow for the proposed QE announcement during its January 22nd meeting. The speculation for the Fed style quantitative easing was brought forth from an…
Read More

The main risk for the day was the UK's inflation data which dipped below consensus. Headline inflation, year on year dipped to 0.5% December, a considerable decline off from the BoE's 2% inflation target. Core CPI y/y however was stable at…
Read More

Dow Jones: 17775 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…
Read More