Italian Referendum

Frosinone, Italy - November 8, 2016 - The election campaign of Matteo Renzi for the constitutional referendum This week, OPEC's bi-annual meeting in Vienna will take the center-stage for the markets as traders await the decision from the OPEC meeting on potential production cuts. In economic news, the week will mark the transition into December...

2016-11-28 John Benjamin Read more
Euro

This data references the week ending Tuesday, July 19th EURUSD Non-Commercials increased their Net short positions in the Euro last week selling a further 12k contracts to take the total position to SHORT 100k contracts. Shorts positions continue to build in the Euro as market participants’ expectations of further ECB easing continue to grow...

2016-07-25 James Harte Read more
European Parliament_Brexit

Image via © European Union 2016 - European Parliament The UK referendum vote stunned the world! In what seemed like a clear victory for Camp Remain, the markets were shocked to see the EU referendum vote win with the Camp Leave voting 51.90%. The outcome of the referendum has indeed upset the status quo in a Eurozone that has often seen countri...

2016-06-28 John Benjamin Read more

With the first trading week of the New Year, 2016 underway, it’s back to business for the markets at large. Last year witnessed the historic Fed rate hike liftoff, and the focus into the next year brings about some interesting questions as far as the currency markets are concerned. So what does the New Year hold for the forex markets and which a...

2016-01-04 John Benjamin Read more

The October FOMC meeting minutes which were released yesterday showed a consensus being built among the Fed members as the December rate hike decision looms. Most of the Fed members were of the opinion that the US economy was ready for a monetary policy tightening cycle despite some members not very 'confident that inflation would reach the 2.0%...

2015-11-19 John Benjamin Read more
trading tools and educational information

Greek lawmakers finally managed to pass the bailout agreement that would see the country on course to receive its 3rd bailout while being considered for a bridge financing loan from the EFSF for the interim. The bailout parliamentary vote however divided the lawmakers in the 300 parliamentary seats. It was a tough choice for the Greek premier, A...

2015-07-17 John Benjamin Read more
Market news

EURUSD returned to the 1.1200 area after testing the 1.1080 support zone. Greece’s situation is still unclear as talks have not materialized and the European Commission cut its forecast for Greek gross domestic product in 2015 to 0.5% from a previous estimate of 2.5%. The EUR has received strong support from the idea that Greece may benefit from...

2015-05-07 Orbex Read more
European currency

The EURUSD currency pair moved its support and resistance levels, thus the local maximum is situated near the 1.0900 level, while the local minimum is set at 1.0862. The Euro has become a favorite for traders together with the new situation in Greece. Setting a new formula of government, where Tsipras allies with his main pre-election enemy, Sam...

2015-04-03 Orbex Read more