Orbex - Forex Trading Library

Last week’s highlights Australia retail sales rise by 1.4% in October The latest retail sales data from Australia showed a pickup in activity. On a seasonally adjusted basis, retail sales on the month rose 1.4% in October. This was shy…
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USDCAD Battered by Risk Rally Hopes of recovery have reached a new high bolstered by vaccine headlines, second reopening across Europe, and unwavering government aid. This bullish fever in risky assets continues to be detrimental to…
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The S&P500 index has slowly but steadily closed above the key price level of 3674.8, marking a new all-time high in the index. This comes as the VIX index remains steady near the levels of 20. The gains come primarily on speculative…
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The precious metal settled above the 1817.80 level on Friday, with some modest declines. Price action has been trading above after rising above this level last week. A sideways range is emerging as a result of gold prices trading…
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Oil prices settled on Friday with gains, after closing near $46.12 a barrel. The gains come after OPEC+ agreed to raise output by 500,000 barrels. After rising past the 45.00 level of resistance, oil prices are likely to look for further…
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The British pound sterling managed to rise to the levels of 1.3500 over the week. On Friday, price action turned lower after failing to make further gains. This coincides with the confluence of both the trendline and the horizontal…
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The euro currency closed in the red on Friday, but price action has settled comfortably above the 1.2100 level. The gains mark nearly three weeks of bullish close. However, investors are likely to be cautious in the new week. The ECB…
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US social media giant Facebook has been back in the spotlight this week. Facebook declared that it will begin censoring posts around COVID vaccines. Facebook has flagged a worrying trend of anti-vaccine posts in recent weeks and will begin…
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All good things must come to an end eventually, and covid seems to be a propitious event to take a pause and reorient oneself. From the generalized talk of a "new normal" to the World Economic Forum's "Great Reset", there are quite a few…
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The USDJPY structure shows a bearish intervening wave Ⓧ of the primary degree. The pattern is a large triple zigzag consisting of intermediate sub-waves (W)-(X)-(Y)-(X)-(Z). The final wave (Z) is a double zigzag consisting of minor…
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