Orbex - Forex Trading Library

General​ Motors​ is temporarily shutting down more auto plants, due to a global chip shortage. The company announced it would shut production at two US​ plants and this has caused supplies of vehicles at #dealerships​ to get extremely…
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There is always tension between suppliers and consumers of any product. But, when they are national strategic assets like oil, that tension takes on an extra dimension. The US has a particularly unique position in that face-off, being…
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The EURUSD formation shows a bullish impulse, with the bearish correction ④ being completed. This took the form of a double (W)-(X)-(Y) zigzag. At the time of writing, the market is building the initial part of the primary wave ⑤, which…
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GER 30 consolidates near record high The German index has come to a halt as investors reassess their over-optimism amid a third wave across the continent. While the bias remains bullish, the price’s cross below the moving averages…
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NATURAL GAS (NGAS): C’è Spazio Per Una Reazione S2: 2.46     S1: 2.55     R1: 2.61    R2: 2.78 Dopo aver segnato massimi relativi in area 3.30 lo scorso febbraio, le quotazioni del Natural Gas hanno delineato una trama correttiva…
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As we head into earnings season, there are some key Chinese data points we should pay attention to. Tomorrow's CPI and factory gate prices, and then next Friday's GDP. And this isn't just because China is the world's second largest economy.…
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The USDCHF formation on the 1H timeframe hints at a standard zigzag pattern consisting of primary waves Ⓐ-Ⓑ-Ⓒ. This completed a large intervening wave x of a cycle degree. At the moment, bears have managed to form intermediate sub-waves…
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USDJPY continues to pull back The US dollar struggles to find buyers amid dovish FOMC minutes. The pair has met stiff selling pressure near the psychological level of 111.00 from last March. An RSI divergence was an indication that…
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