Orbex Forex Trading Blog - Forex Trading Library

As the earnings season begins JPMorgan​ and Goldman Sachs​ were both given a boost as they both beat profit estimates. JP Morgan posted a first-quarter profit of $4.50 a share, whilst Goldman Sachs posted per-share earnings of $18.60,…

The USOIL chart shows the final part of a large bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. Wave ④ is still under development at the time of writing. This is the penultimate wave in the cycle impulse c. The correction ④…

NZDUSD recovers above daily MA The New Zealand dollar gained support after the RBNZ kept its monetary policy unchanged. The Kiwi has found an effective floor above the psychological level of 0.7000 after a week-long sideways action.…

The SPX500 has been moving up in a cycle wave V, which takes the form of a primary impulse ①-②-③-④-⑤. The first four parts of this impulse are complete, with wave ⑤ is still under development. In the short term, we could expect the…

The US, South Africa, and the EU will temporarily stop the rollout of the Johnson & Johnson covid-19 jab, after reports of rare blood clotting. As a result, J&J has paused its EU rollout which started this week. One company’s…

So far this year, inflation from Europe's largest economy has been above expectations, providing something of a wrinkle in euro forecasts. The euro area has spent a smaller amount as a percentage of GDP to support the economy through the…

EURUSD tests major resistance A 2.6% yoy rise in US CPI has so far failed to impress traders as the Fed may remain patient longer than the market. After a short consolidation around 1.1900, the RSI has receded from the overbought…

Given the magnitude of the Great Financial Crisis, it's understandable that traders still have concerns about a potential meltdown of the housing market in any place in the world. In fact, by some measures, we still haven't recovered…