Orbex - Forex Trading Library

Greenback Index Flirts With 90 The dollar strength faded throughout Wednesday’s session. After initially spiking to weekly highs, it eventually closed 0.10% down. This comes despite new home sales rising more than expected in January,…
Read More

The precious metal is failing to capitalize on the support level it established near the 1764 handle. Prices are falling for the second day, albeit the pace of declines is limited in comparison. To the upside, the reversal comes just a…
Read More

Oil prices managed to shrug off the uncertainty of the past few days with price action once again surging. On an intraday basis, spot crude oil prices rose over 3% in what is likely to be a strong recovery. The gains come after oil…
Read More

The British pound sterling rose to a fresh three-year high at 1.4140. But prices were rejected intraday with the currency pair likely to close bearish or flat. Given that this pattern comes near the top end of the rally, it could…
Read More

The euro currency is trading rather mixed, a day after prices almost closed flat on Tuesday. Overall, the long-term trendline on the daily chart is supportive of prices. Therefore, we could see price action attempt to push higher. The…
Read More

Elon Musk was effectively ejected from the throne of the world’s richest person. This comes after Tesla’s recent slide in the electric carmaker's shares. The company has suffered steep falls this week, tied to the firm's recent $1.5bn…
Read More

Shares in iconic US tech firm Apple are trading a little lower pre-market on Wednesday. Following an initial rally, as the year opened, Apple shares have since retreated, falling almost 18% from highs to the lows printed yesterday.…
Read More

Tomorrow we get the final results for US Q4 GDP growth. Expectations are for the result to confirm that the American economy grew by 4.0% annualized (or 1.0% during the quarter), protecting the US from falling into a second technical…
Read More

XAGUSD has seen a progressive double top in the last 6 months of trading, with another test looking likely. The recent headlines surrounding the metal led prices to another attempt at the high $29 level. Since the latest pullback, bulls…
Read More