Orbex - Forex Trading Library

Gold It’s been a disappointing week for gold bulls. Following the recovery rally seen across the first week of February, the gold market has swung back into net sales this week. Gold prices are falling from highs of around the mid-1826…
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EURGBP has seen a downward spiral since the start of the year, with prices continuously trading in a descending channel. After a short revival and a peak at the 0.92 region, bears entered the market and the freefall began. The trend has…
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Dollar Bounces Higher The dollar index rose by a further 0.22% yesterday as it flirted with the 91 handle, its highest level in over a week. Retail sales for January rose 5.3% on a month-over-month basis versus expectations of 1.1%.…
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The precious metal resumes its declines with price action currently trading near the 1777.50 level. The decline marks a new two-month low in the commodity. A break down below this level could further accelerate declines. Still,…
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WTI crude oil is showing signs of losing its bullish momentum. Price action is seen struggling to get a foothold above 60.00. This has led to price action being rejected over the past three trading sessions. For the moment, the overall…
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The British pound sterling is extending declines following a flat close on Tuesday. Still, price needs to close below Tuesday's low of 1.3901 to confirm further downside. The next immediate downside target is seen near 1.3733 where price…
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The euro currency is accelerating the pace of declines comparing to the previous few days. On an intraday basis, the euro slipped to a seven session low before recovering slightly. The declines come as the EURUSD has now breached the…
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Shares in British-Dutch oil driller Shell are trading a little lower ahead of the US open on Wednesday. The company’s shares had been enjoying a firm rally over recent months with price trading higher by 81% off the mid 11 November lows to…
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There are quite a few factors pulling in different directions that could determine whether the CBRT decides to hold rates. This isn't an unusual situation for the CBRT, despite the new governor taking on a more aggressive stance to…
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USDCHF shows that the bearish primary wave Ⓨ, which is also an intermediate zigzag, seems to have ended. An upward move in the market saw the formation of the primary intervening wave Ⓧ. It is likely that it will have a double…
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