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2021

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Euro Gives Back Intraday Gains

Orbex Feb 17, 2021 410 0

The euro currency rose to a four-week high after GDP numbers came out better than forecast. But price action soon gave back the gains as the resistance level proved too hard to breach. Price action briefly rose past 1.2144 before…
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Technical Analysis

Surfing the Waves with Gregor Horvat 2021-02-16

Gregor Horvat Feb 16, 2021 371 0

In today’s advanced ElliottWave analysis Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up…
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Fundamental Analysis

Cisco Shares Lower Following Q4 Results

Orbex Feb 16, 2021 532 0

Shares in US technology company Cisco Systems are trading down off the recent highs this week. Following a firm rally across Q4 and early January this year, Cisco shares recovered from low 35s to highs of almost 50, marking a 40% rally.…
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Fundamental Analysis

Upcoming CPI From UK, EU & Canada

Daniel John Grady Feb 16, 2021 1,124 0

Inflation expectations are likely to be one of the main forex drivers over the next couple of months. As the economies reopen, we want to pay close attention to whether prices start to rise, and how fast. This will have an influence on…
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Technical Analysis

USDJPY Intermediate Impulse Drives To 106.11

Roman Onegin Feb 16, 2021 499 0

USDJPY shows a large intervening wave Ⓧ of the primary degree, which took the form of a bearish triple zigzag. We then saw the rapid growth and the start of the last wave, consisting of intermediate sub-waves (1)-(2)-(3)-(4)-(5). The…
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Technical Analysis

XAUUSD Bears Remain in Control

David Kindley Feb 16, 2021 404 0

XAUUSD has witnessed a choppy descent since hitting record highs in the midst of the 2020 pandemic. The continuous descending channel from the said period has seen prices tested at the psychological $1800 level. The recent bullish…
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Fundamental Analysis

UK to Publish Roadmap Out of Lockdown

David Kindley Feb 16, 2021 481 0

President’s Day Doesn’t Halt Dollar Decline The US index closed 0.10% lower on Monday as it continued its bearish tone. Analysts still back an extended period of weakness for the greenback into 2021, on the back of Fed’s commitment to…
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Technical Analysis

Gold Price Confined to Friday’s Range

Orbex Feb 16, 2021 472 0

The precious metal is trading subdued with price action firmly stuck within Friday's range. With both the Asian and US markets closed, trading in the precious metal is slow. Price action is back near the support level of 1817 region.…
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Technical Analysis

Oil Prices Rally on Cold Weather

Orbex Feb 16, 2021 436 0

Oil prices opened on a bullish note in the Asian trading session rising to a new 13 month high. The gains came as the cold winter has fueled demand for the fossil fuel. Price rallied to a new high of 60.75 before giving back some of…
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Technical Analysis

GBPUSD Surges Past 1.3900

Orbex Feb 16, 2021 400 0

The British pound Sterling continues to surge ahead with price action rising above 1.3900. So far, GBPUSD has been posting gains for nearly five consecutive weeks. A continuation to the upside could see price action rising towards the…
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