Orbex - Forex Trading Library

The euro currency made a rebound, led by a weaker greenback and the ECB meeting on Thursday. The central bank did not make any changes which saw the euro rising as a result. However, the gains were capped near the familiar resistance…
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Shares in Goldman Sachs are trading a little higher pre-market on Wednesday. The bank’s stock price has seen a more than 60% rally off the November lows. Although price is currently correcting a little from the recent highs, the near-term…
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Aside from being a measure of consumer confidence, retail sales data also gives us important insight into what we might expect Q4 GDP numbers to be like. Many economists predict most countries in the world have slipped back into…
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AMZN is at the final part of a major bullish impulse of the primary degree. Wave ④ has completed, and its internal structure hints at a contracting (A)-(B)-(C)-(D)-(E) triangle. The price is likely to rise in the impulse wave ⑤ near…
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EURAUD has been trading in a bearish descending channel for the majority of Q4 as prices continue to tumble to 2-year lows. The current hidden bearish divergence noted on the momentum indicator looks to continue the trend. Since the…
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Dollar Hanging in There The greenback ended on an even keel as investors digested Joe Biden officially beginning his first term in office. The departing Donald Trump wished the new administration great luck and success but vowed that he…
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Gold The yellow metal surged higher over the last 24 hours in response to the swearing-in of the 46th president of the United States, Joe Biden. With Biden’s inauguration comes the expectation of a big shift in US policy towards more…
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The precious metal has managed to rise to an 8-day high following a close above the 1850 handle on an intraday basis. The Stochastics oscillator currently looks somewhat bullish with the possibility that the overbought conditions may…
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WTI crude oil prices continue to hold a bullish front with price once again testing the 13th January and 15th January highs near 53.77. However, the strong pace of gains is showing signs of weakening. Price action has failed to make any…
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The British pound sterling continued its bullish rally with prices briefly rising above the 1.3700 handle once again. However, the intraday gains were quickly scaled back as prices pulled back later in the day. As a result, the GBPUSD is…
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