Orbex - Forex Trading Library

Crude oil prices have started 2021 on a strong footing with prices surging higher in response to a firmly bullish report from the Energy Information Administration. Inventories  Drop The EIA reported that in the week ending Friday,…
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USDZAR recently witnessed a breakout from the long-term descending channel that engulfed prices for most of Q4. Multi-month lows ensued for the currency pair until a break away from the mean saw a break in the top channel. The move past…
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DXY Hits Multi-Year Lows The US Index was virtually unchanged yesterday after initially dropping to multi-year lows during the trading session. Yesterday, the Democratic Party officially won control of the Senate, and of Congress…
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The precious metal once again failed to breakout above the key 1950 level of resistance. Following the failure, gold prices lost close to 2.30% intraday. The declines push gold prices back to the key support level near the 1900 - 1911…
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WTI crude oil touched $50.00 a barrel on Wednesday in the early Asian session. The gains came after the OPEC+ meeting saw Saudi Arabia cutting oil output by one million barrels per day. The rise to $50.00 marks the first time testing…
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The British pound sterling is seen giving back the gains made on Tuesday. This puts price action to trade rather flat but increases the downside bias. On the short term charts, the formation of a lower high indicates that the pound…
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The euro currency is down about 0.20% intraday. The declines come right after the common currency rose to a new two and a half year high. However, the test of the trendline from below indicates strong resistance here. For the moment, the…
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Shares in Exxon Mobil are trading a little higher pre-market following a strong rally yesterday. This saw the stock climb just under 4% higher, adding to the gains seen over the course of the more than 40% rally off the October lows.…
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FEDEX (FDX.N): Sana Correzione Per Il Corriere USA S2: 247.97     S1: 250.57     R1: 255.25     R2: 257.33 FedEx dopo aver seguito una tendenza rialzista che ha portata i prezzi a sopravanzare i livelli pre-Covid dello scorso…
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The European Medicines Agency (EMA) is expected to approve the use of Moderna's anti-covid vaccine, authorizing it to be distributed through Europe later today. European health clinics would be able to catch up with other advanced countries…
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