Orbex - Forex Trading Library

Reality Hits Tremulous Dollar   The dollar index fell 0.54% lower yesterday as it once again touched the 90 level. The recent rally paused as the dollar shed some ground for the first time after four consecutive daily gains.…
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The precious metal is likely to close flat once again, marking a flat print for the second consecutive day. Although prices rose higher intraday, the gains quickly disappeared. There is a possibility of prices forming a bearish flag…
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Oil prices continue to post modest gains with price action managing to rise above the trend line. As a result, WTI crude oil prices are now close to the next round number level of 53.00. On the intraday charts, we see the bearish…
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The British pound sterling is posting strong gains on Tuesday. This comes following comments from a BoE official who was speaking out against negative rates. The gains saw the GBPUSD breaking past the 1.3500 level. This invalidates the…
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The euro currency is catching a bid following the dollar weakness on Tuesday. The dollar’s gain came to a halt after three consecutive days of gains. This has pushed the euro to test the 21 December lows of 1.2133. Price action has…
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Shares in US banking giant Citi, the 3rd largest US bank by assets, are trading a little higher pre-market on Tuesday.  Citi shares have been on a firm rally over recent months, trading higher by 70% off the November lows. Strong Q3…
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Tomorrow we get one of the key bits of data that is likely to drive currency moves for the next couple of years: US Inflation Data. December saw the US fall back on its recovery from covid as new cases peaked to record highs. So, it's…
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The DXY formation hints at a cycle correction b, which takes the form of a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag. The final wave of the triple zigzag is an intermediate (A)-(B)-(C) zigzag. It is likely that minor correction wave 4 is close to…
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GBPJPY has seen a significant ascent towards 4-month highs. The currency pair has been looking to break away from the median regression to attempt another breakout of the upside channel. However, the recent hidden divergence followed…
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Greenback Attempts Pullback The dollar index ended 0.52% higher on Monday, pulling firmly away from the 90 handle. Investors started to price in more stimulus once Joe Biden officially becomes the next President, after disappointing job…
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