Orbex - Forex Trading Library

USDCHF rallies above double top The US dollar continues its advance against the Swiss franc after solid GDP growth last month. The buck’s previous bounce from the 20-day moving average (0.9220) and then a close above 0.9300 have put…
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Tesla Correction Deepens Tesla shares are trading a little higher ahead of the open on Thursday. Price bounced back after a strong sell off yesterday as the US dollar surged higher. Shares in Elon Musk’s company have seen a firm…
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XAUUSD seems to be developing a large corrective wave (4) of the intermediate degree, which has a complex structure and takes the form of a bearish triple zigzag. It is marked with five minor sub-waves W-X-Y-X-Z. At the time of…
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The Nasdaq is typically the better performer among the major indices. However, lately, it has been lagging behind. And it's been over a month since it hit a new record high. What's going on? And, perhaps more importantly, how is it…
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NZDUSD turns bearish The New Zealand government's announcement to cool the housing market drove down the kiwi as a fiscal reform may alleviate the pressure on the RBNZ to raise rates. After breaking below the major support at…
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Suez Blockage Boosts Oil It’s been another tricky week for oil traders. Crude began the week under heavy selling pressure amidst the downturn in global risk appetite and the resurgence in the US dollar which has broken out to fresh to…
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Correction Deepening Shares in Citigroup are trading a little lower ahead of the US open on Wednesday. The company’s shares have been sliding over recent days, correcting from the highs around 76, and are now trading back under the 72…
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Tomorrow, GfK announces the results of their monthly consumer sentiment survey. Consumer demand is probably the most leading indicator in terms of what we can expect from the recovery, and how the markets will react. Since the…
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