Orbex - Forex Trading Library

The euro currency pared losses from Monday as the US dollar weakened on Tuesday. Price action continues to remain to consolidate near the key resistance area of 1.2177 - 1.2144. Since Friday, the euro currency has been stuck in this…
Read More

Shares in Bank of America have plummeted in response to a weaker than expected set of Q4 earnings. Both headline earnings and revenues undershot expectations. The report has put an end to the recent rally in BAC shares which saw the…
Read More

A lot has changed in the US since the last time the FOMC sat down to discuss its monetary policy. The new year has brought with it a change in optimism and a reorientation regarding the country's outlook. But, macroeconomic data hasn't…
Read More

GBPAUD saw a progressive downturn in fortunes at the back end of 2020. A move to the lower 1.74 region saw a sharp pullback before exhaustion saw another move again to the said level. However, a significant bullish divergence noted on…
Read More

Greenback Lifted as Fed Meeting Looms The US index ended a muted session at the start of the trading week, as it bounced off the 90 psychological support mark. Investors continue to gauge President Biden’s plan to pump in $1.9 trillion…
Read More

The precious metal is trading subdued with much of price action staying within the range from last Friday. As a result, price action is seen consolidating near the 1850 level of support multiple times. This consolidation could…
Read More

WTI crude oil prices continue to maintain a mixed bias with prices giving back the intraday gains made. As a result, oil prices are once again trading near the lower end of the sideways range at 51.87. Given that this consolidation…
Read More

Price action in the British pound sterling is on track to close with muted gains on Monday. This comes as the GBPUSD attempted to push higher intraday above the 1.3700 level. However, prices pulled back lower to briefly test the…
Read More

The euro currency is looking to break out from the technical resistance range of 1.2177 and 1.2144. However, price action remains weaker as it struggles to break out from this range. Meanwhile, the ascending triangle pattern continues to…
Read More