Orbex - Forex Trading Library

Grim Readings for the Greenback The US dollar index continued its tragic decline yesterday, closing 0.28% lower. This comes after the Federal Reserve left rates unchanged and pledged to continue its bond purchases. Jerome Powell…
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The precious metal is trading flat as prices pulled back after briefly rising above the 1850 handle. For the moment, the precious metal is hugging the 1850 level of support. As long as this support holds, gold prices have further room to…
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Oil prices remain in a strongly bullish mode with price rising to intraday highs of 47.87. The gains come amid a moderate risk-on sentiment in the markets. Oil prices continue to react to the prospects of the global economy reopening.…
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The British pound sterling saw a bullish day in the markets. Price action rose to the 13 December 2019 highs of 1.3500 before pulling back. This puts the GBPUSD to test a one year high. For the moment, the previously held resistance…
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The euro currency continued its bullish rise as price action touched intraday highs of 1.2211. However, prices retreated ahead of the FOMC meeting. The declines put the EURUSD back below the key support area of 1.2177. A continued close…
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Exxon Shares Higher Pre-Market Shares in Exxon Mobil, one of the largest publicly traded energy companies in the world, are trading 1.5% higher pre-market on Wednesday. Exxon’s shares have rallied over recent weeks. Price has traded up off…
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Earlier this week we had two notably contrasting outlooks on the evolution of the covid-19 pandemic. In an interview, Bill Gates said that it was unlikely for it to be over by at least well into 2022. On the other hand, the CEO of…
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