China Retail Sales and Industrial Production: A Test of Resilience – Orbex Forex Trading Blog

The EURUSD pair has experienced a pullback after breaking above the significant 1.1200 resistance level. After reaching a high of 1.1213, the pair retreated to 1.1121, leaving traders wondering about its next move. Despite this setback, the overall uptrend from 1.1001 remains intact. The key to watch is the rising trend line visible on the…

Asian markets began on Monday 10 June 2024 on a mixed note following a stronger-than-expected US labour report for May 2024. The US Bureau of Labour Statistics reported that 272,000 more US jobs were created in May 2024. Despite this, local unemployment went up from 3.9% in April 2024 to 4%. According to an Associated…

Australia’s February CPI landed net soft, prompting traders to lean net bearish, and AUD eventually breaking down and closing the week as the worst-performing major currency pair in the G10. Here’s how we chose AUD/USD post event and the strategy scenarios to study, and what it teaches us about trading around a known catalyst in…

As shown on the XAG/USD chart, today the price of silver has climbed above $43.60 per ounce for the first time since 2011. This may reflect expectations that the recent Federal Reserve interest rate cut will provide a boost to the global economy, where demand for silver is strengthening due to the growth of sectors…