Orbex - Forex Trading Library

The massive depreciation of the Russian ruble risks triggering the country in a worse crisis than the one in 1998. Since the beginning of the year we have witnessed a depreciation of 50% of the ruble of which 20% registered in the last 2…
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Gold Futures – Technical Update Gold futures managed to push higher on the monthly charts but eased back from the monthly highs at 1238.32 levels. Considering that a retest of the minor support at 1253 region is critical for any downside…
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The US Federal Reserve will host its monthly and the final FOMC meeting for the year today and is expected to release a statement at 1900 hours GMT followed by the press conference at 1930 hours. Considering that there was no press…
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Key Notes for December 16th China HSBC manufacturing PMI 49.5 vs. 49.8 French flash manufacturing PMI 47.9 vs. 48.6; services PMI 49.8 vs. 48.5 German flash manufacturing PMI 51.2 vs. 50.3, services PMI 51.4 vs. 52.5 Eurozone…
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Dow Jones: 17180 Equity demand Global Equity markets faced drop around the world , where continues drop of Oil threaten inflation for more drop , while Russian surprising rate hike placed demand for haven Short-run market…
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GOLD 1200 Gold between deflation & Dollar hike market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate next year while economic data from Europe and Japan showing slow down…
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Oil (F5) 54.85 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: 116.60 Japanese Yen on uptrend wave Short-run As we advised before, market managed to hit below 118.00 levels which may activate farther drop latter toward 115.00-50 zone as long as market holding trades below 117.50…
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GBP/USD: 1.5710 Pound on trading zone As we advised before, market managed to jump above 1.5625 which allowed farther rebound correction where market managed to hit our target 1.5700-20 zone market now facing resistance at 1.5755…
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EUR/USD 1.2505 EURO on trading zone As we see over the chart, market managed to jump above resistance zone of 1.2440-60, which may place the pair inside trading zone between 1.2250 - 1.2600 levels Short-run as we advised…
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