Orbex - Forex Trading Library

Oil (F5):63.50 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…
Read More

USD/JPY: 120.00 Japanese Yen on uptrend wave Dollar/Yen sustain uptrend movement as investors anticipate shinzo abe to win second term on election as prime minister Short-run as we see over the chart, market still holding…
Read More

GBP/USD: 1.5650 Back to down trend as we advised before , market managed to jump above 1.5625 which allowed farther rebound correction where market managed to hit near our target 1.5700 zone as long as market holding trades above…
Read More

EUR/USD 1.2360 EURO under drop pressure as we see over the chart, market still holding trades below downtrend swing where resistance now laying at 1.2440 zone so far short-run showing trading zone between 1.2220 - 1.2440 as we…
Read More

One of the most common questions that traders would at some point ask themselves is to whether to trade with the aid of indicators or to make use of forex price action charts. A quick look at any of the forums will see that a good section…
Read More

Learning to keep control of your emotions when trading is an essential part of becoming a seasoned forex trader. Basically, traders are humans who have emotions that can cause trading errors that interfere with the successful application of…
Read More

Forex Afternoon Wrap Key Notes Japan final GDP Q3 -0.5% vs. -0.1%; Annualized GDP -1.9% vs. -0.5% China exports y/y 4.7% vs. 8%; China imports -6.7% vs. 3.8% German industrial production m/m 0.2% vs. 0.4%; y/y 0.8% vs. 0.9%…
Read More

Nothing stood in the way of the American dollar on Friday. But nothing should have been a surprise. The United States economy has been recovering during the past several months. One of the most important indicators is the Unemployment Rate…
Read More

The main event of last week was the ECB’s press conference, where Draghi disappointed the markets, with no further clues on QE, postponing the discussion to Q1 of 2015. The monthly jobs data saw the NFP numbers post a record job growth of…
Read More

Greenback regains momentum Opening the week on a weaker note, questions were raised whether the US dollar was heading for a correction. But the Greenback managed to turn around and quickly regain its spot continuing its bullish momentum.…
Read More