Orbex - Forex Trading Library

The British pound sterling is down over 0.6% on Monday. The declines come following last week's rebound above the 1.3506 level of support. But as the trade deal euphoria fades, prices are drifting lower. As a result, the cable is likely…
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The euro currency attempted to rise higher but gave back the intraday gains. The rebound off the 1.2177 level of support was met with resistance from the trendline. With prices heading lower, the previous support level near 1.2177 comes…
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Pfizer shares are trading a little under 1% higher pre-market on Monday. However, they remain well off the 2020 highs following the decline seen over recent weeks. After the initial rally seen across the start of December as traders…
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Looking at the 1H USDJPY timeframe, we see a bearish intervening wave Ⓧ of the primary degree. Wave Ⓧ is a triple zigzag (W)-(X)-(Y)-(X)-(Z). Over the past few months, we have seen the formation of the final intermediate wave (Z) of the…
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DAX (Germany 30): 13,640 E’ Il Livello Spartiacque S2: 13,191 S1: 13,351 R1: 13,640 R2: 13,769 Buon ritorno di forza per l’indice tedesco Dax nell’ultima sessione prima di Natale che, dopo il timido rialzo della sessione precedente, si…
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As expected, GBP has rallied considerably after news confirmed that a Brexit deal had been reached. Even before the details of the plan were known! Once the initial euphoria wore off, however, sterling moderated its gains. During the…
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GBPJPY Rises After Brexit Agreement 2020 has not been an easy year but at least Brexit may finally materialize after protracted negotiations. The markets will look into details as the final agreement reveals itself. Especially…
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S&P500 index closed out last week with modest declines. However, price action remains perched near all-time highs. Over the week, the leading US equity index briefly traded below the 3674 level before price was rejected. There was…
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Last week’s highlights Australia retail sales rise 7% in November Retail sales in Australia posted a continued rebound in November, building up from the gains in October. The total value of retail sales rose 7% on a month over month basis…
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Gold continues to trade flat, stuck within the range of 1850 and 1900 levels. Price action was a bit volatile into the close of last week. However, there was a modest rally posted heading into Thursday's close. For the moment, gold…
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