Orbex - Forex Trading Library

The euro currency continues its descent, now for the fourth consecutive session. The declines accelerated following two days of subdued price action earlier this week. The current pace of decline opens the downside target to the 1.1900…
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USDMXN has seen another missed attempt at the recent false break at the end of January. Prices soon retreated after the said break to the mid-$19 level. However, a recent bull rally led to a move back over the $20 handle. This choppy…
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Shares in US energy firm Exxon are trading a little higher pre-market on Thursday, following on from a strong rally over yesterday’s session. Having corrected lower from the recent highs above the 51 level to lows of mid 46, Exxon shares…
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With the dust settling around the WallStreetBets event, the market is apparently in the mood for some positive data. Under the logic of "buy the rumor, sell the news", often what is seen as good news will move the markets more during a…
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Weekly Strength for the Greenback The dollar index rose for a fourth consecutive session, confirming its place above the 91 handle. ADP figures showed that the US private sector increased by 174,000 jobs in January after shedding 78,000…
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The precious metal is posting modest declines a day after the precious metal fell over 1.2%. However, price action remains well supported above the 1817.80 level. In the near term, we expect price action to remain trading flat within the…
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Crude oil prices are posting solid gains for the third consecutive session. The gains come on the back of declining crude oil inventories. It's further due to news that the Democrats took first steps toward advancing President Biden's…
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The British pound sterling pushed below the rising wedge pattern and price action is likely to fall further. The short term resistance level near 1.3678 is likely to keep a lid from price posting further gains. To the downside, we expect…
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The euro currency is posting declines for three consecutive days. Price action is now trading below the 1.2050 level. This comes even as the Stochastics oscillator is firmly below the oversold level. Price action posted a modest rebound…
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