Orbex - Forex Trading Library

EURUSD drops lower The US dollar soared as a mixed jobs report may not be enough to keep the Fed at bay until the year’s end. A previous slip below the daily support of 1.0850 has put the bulls on the defensive and a subsequent jump…
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USDCAD advances as BoC may hold The Canadian dollar retreats as the Bank of Canada may keep its rates unchanged. The Q2 GDP report showed a sharp slowdown in economic growth, which could lead policymakers to pause the hike campaign…
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In the most recent survey of economists conducted by Reuters, the average price of crude for this year was raised once again. This follows a month of massive drawdowns in US inventories, including the largest one ever at the start of…
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USDCHF bounces back The US dollar clawed back losses after an uptick in July’s PCE. The pair came under pressure at the daily support-turned-resistance of 0.8870 from the mid-July sell-off. A drop below the lower band (0.8760) of a…
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The dollar slipped through the early part of this week as investors are starting to believe there is weakness in the US labor market. Usually, a slowing jobs market would be a bad sign for the economy. But the unemployment rate has been…
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USDJPY seeks support The Japanese yen bounced after July’s retail sales report beat expectations. The latest rally has come to a halt at 147.30 and an initial drop below 146.40 has prompted intraday buyers to cut back their exposure.…
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Given what's been going on in China lately, there will be a lot of attention on the upcoming Chinese PMIs. Not only because China is likely to drive (or drag on) the global economy, but sentiment can drive commodity currencies like the…
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Gold is one of the favorite trading instruments in the precious metals asset class. Its appeal ranges from the intraday trader/speculator to investors involved in actual purchasing of the bullion. Well-known for its status as a…
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