Forex Trading Blog and Market Insights

Oil Prices Stabilize After Touching a Two-Month High

Orbex Nov 13, 2020 336 0

WTI crude oil prices are trading somewhat soft but intraday gains are over one percent. The commodity initially rose to a two-month high before pulling back. The declines saw the 41.00 level being tested for support. With prices being…
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Technical Analysis

GBPUSD Trades Weaker on Soft GDP Numbers

Orbex Nov 13, 2020 256 0

The British pound sterling is posting gains for the second consecutive day. The declines come with a mix of a broadly stronger US dollar and the GDP data. The declines in the GBPUSD has pushed the currency pair to test the 1.3122…
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Technical Analysis

EURUSD Pulls Back as Investors Look for Direction

Orbex Nov 13, 2020 368 0

The euro currency is trading bullish, paring losses from Wednesday. The gains in the EURUSD come after the common currency lost the 1.1800 handle earlier. However, prices are trading just above this key support area. We could see…
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Stocks

Twitter Shares Attempting to Rally

Orbex Nov 12, 2020 473 0

Earnings Miss Revenues Beat US social media titan Twitter has seen its share prices continue to rebound over recent days. This follows the strong sell-off we saw at the end of last week. The company reported third-quarter earnings per…
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Orbex Today

Orbex: Celebrating 10 Years of Serving Traders Responsibly

Orbex Nov 12, 2020 918 0

This October, Orbex celebrated 10 years of industry-leading service. In an event that united staff, business partners, management, as well as his excellency the mayor of Limassol and various esteemed members of the Limassol Municipality,…
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Fundamental Analysis

Will COVID Kill Cash? The Future of a Digital Euro

Daniel John Grady Nov 12, 2020 500 0

Just a few years ago, the financial world was overtaken with the idea of bitcoin, competing cryptocurrencies, and blockchain. A fully digital "currency" found quite a bit of interest among investors. Many companies hastened to put out…
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Fundamental Analysis

XAUUSD Final Intermediate Correction Underway

Roman Onegin Nov 12, 2020 586 0

The XAUUSD structure indicates a horizontal intermediate corrective wave (4) consisting of minor sub-waves W-X-Y-X-Z. Once intervening wave X ended, bearish impulse wave ⓐ began its formation, being the first part of zigzag Z. As…
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Technical Analysis

AUDCHF About to Exhaust?

David Kindley Nov 12, 2020 260 0

AUDCHF has been on an upwards trajectory since the beginning of November, as bulls pushed to $0.67. Prices broke through the previous high of $0.6686 which was created in August but failed at the next top of $0.6712. This could mean that…
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Fundamental Analysis

Gold Sinks As Markets Rise on Vaccine Hopes

Orbex Nov 12, 2020 541 0

Gold Gold has been firmly lower this week as the markets continued to digest the latest news within the COVID landscape. Pfizer and its German partner BioNTech announced that their vaccine has achieved more than 90% effectiveness in…
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Fundamental Analysis

Democrats Look to Wrestle Senate from Rivals

David Kindley Nov 12, 2020 356 0

Vaccination Reports Cause a Merry-Go-Round The US index ended Wednesday’s session 0.28% higher, as it reclaimed the 93 handle. A choppy greenback is apparent as political uncertainties and rumors circulating around the potential…
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