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2020

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Adidas Higher on Reebok Sale News

Orbex Dec 17, 2020 522 0

Shares in German sports brand Adidas are trading almost 3% higher pre-market on Thursday. Overall, the company's stock price is trading around 85% up of the lows recorded during the height of the pandemic in Q1. Recently, shares were…
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Fundamental Analysis

German IFO to Keep Optimism Alive?

Daniel John Grady Dec 17, 2020 387 0

Yesterday the Euro got a boost after French and particularly German PMI data substantially beat expectations. Of course, that was more measuring the current situation. The IFO survey is important because it asks businesses to evaluate…
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Technical Analysis

DXY Triple Zig-Zag To Fresh Lows

Roman Onegin Dec 17, 2020 463 0

The current DXY structure shows a bearish zigzag in the primary wave Ⓩ, which completes the cycle correction b. The correction leg consists of intermediate sub-waves (A)-(B)-(C). At the time of writing, minor wave 3 has come to an end as…
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Technical Analysis

GBPNZD Bears Eye Channel Encapsulation

David Kindley Dec 17, 2020 371 0

GBPNZD has been trading in a descending channel since the end of October. Several recent attempts at an upside breakout have failed, as prices once again test the channel boundaries. As the candles break free, resistance has been met at…
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Trading Articles

Oil Rallies On EIA Inventories Drop

Orbex Dec 17, 2020 1,208 0

Crude Inventories Fall Crude oil prices have been firmly higher this week, lifted mainly by the ongoing improvement in risk appetite. Price was also helped by the latest report from the Energy Information Administration. The EIA…
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Fundamental Analysis

Fed Warns of Challenging Months Ahead

David Kindley Dec 17, 2020 435 0

Grim Readings for the Greenback The US dollar index continued its tragic decline yesterday, closing 0.28% lower. This comes after the Federal Reserve left rates unchanged and pledged to continue its bond purchases. Jerome Powell…
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Technical Analysis

Gold Prices Settle Back Near 1850

Orbex Dec 17, 2020 322 0

The precious metal is trading flat as prices pulled back after briefly rising above the 1850 handle. For the moment, the precious metal is hugging the 1850 level of support. As long as this support holds, gold prices have further room to…
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Technical Analysis

WTI Crude Oil Continues to Grind Higher

Orbex Dec 17, 2020 314 0

Oil prices remain in a strongly bullish mode with price rising to intraday highs of 47.87. The gains come amid a moderate risk-on sentiment in the markets. Oil prices continue to react to the prospects of the global economy reopening.…
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Technical Analysis

GBPUSD Rises Above 1.3500

Orbex Dec 17, 2020 280 0

The British pound sterling saw a bullish day in the markets. Price action rose to the 13 December 2019 highs of 1.3500 before pulling back. This puts the GBPUSD to test a one year high. For the moment, the previously held resistance…
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Technical Analysis

EURUSD Retreats After Rising to a Two and a Half Year High

Orbex Dec 17, 2020 302 0

The euro currency continued its bullish rise as price action touched intraday highs of 1.2211. However, prices retreated ahead of the FOMC meeting. The declines put the EURUSD back below the key support area of 1.2177. A continued close…
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