Orbex - Forex Trading Library

The US dollar closed bearish, marking two consecutive days of declines. This comes as investors likely booked profits ahead of the Wednesday FOMC meeting. The Federal Reserve is expected to lower interest rates by a quarter basis point.…
Read More

Economic data for the week ahead will see the momentum being maintained. Following the ECB's meeting last week, the focus shifts to other central banks. This week, the Federal Reserve, the Bank of England, the Bank of Japan, and the…
Read More

Given that there are so many indicators out there, some are obviously optimized for certain kinds of trading. Trend traders need to focus more on certain aspects than day traders. So, trend traders developed indicators—such as mt4…
Read More

The monthly retail sales report, a barometer of consumer spending, is due to be released today. Forecasts Economists forecast that retail sales will moderate, after rising strongly in July. Retail sales are forecast to rise by 0.3% on the…
Read More

The euro saw a volatile day yesterday, as expected. The European Central Bank’s monetary policy meeting saw Mario Draghi announce a stimulus package of 20 billion euro while cutting the deposit rate lower by 10 basis points. The euro…
Read More

Tuesday registered a surprise beat in electronic card retail sales data. Now, the next bit of market-moving data is tomorrow's (or later tonight, depending on where you are) BusinessNZ Manufacturing Index. This is like the Kiwi version…
Read More

The monthly inflation report for August will be coming out later today during the US trading session. Inflation expectations, based on the economists polled, point to a moderation in the data. Economists forecast that inflation will rise…
Read More