Orbex - Forex Trading Library

The euro currency rose over 0.96% intraday after the greenback fell sharply during the day on Thursday. The weakness in the dollar pushed the euro currency way past above the 1.1800 handle. This breaks the sideways range we expected…
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Change in Reporting Shares in US tech firm Qualcomm are trading higher today following a better than expected Q4 earnings call. Qualcomm posted third-quarter earnings per share of $1.45. This comfortably beat estimates for a $1.17 EPS.…
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Tomorrow, Canada reports its monthly employment data, which we can tend to overlook in the rush of news about US NFP. A little later, we get the Ivey PMI, as well as a couple of BOC member speeches. So the CAD can be quite active…
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Oil is currently forming a bullish primary Ⓐ-Ⓑ-Ⓒ zigzag. Impulse wave Ⓐ has completed, whilst correction wave Ⓑ which consists of sub-waves (A)-(B)-(C) has also ended. Intermediate sub-wave (B) is a minor contracting triangle. In…
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CADCHF has been trading in a mostly sideways range since the downturn experienced in June. The 50% Fibonacci of the 0.7199/0.6604 downside leg is currently acting as a median regression. Prices are clinging on to the Ichimoku cloud which…
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EIA Inventories Decrease Sharply Crude oil prices have traded higher this week, boosted by the latest report from the Energy Information Administration. The EIA report shows that in the week ending October 30th, US crude oil inventories…
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Dollar retreats Ahead of Fed Meeting The dollar index fell by 0.21% yesterday after initially spiking over the 94 handle. However, it could not maintain its grip as the gridlock in the election resulted in a choppy session for the…
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The precious metal is trading flat with price action failing to breakout above the 1911.50 - 1900 level of resistance. For the moment, the bias is to the downside, with price down over 0.43% intraday. However, this holding pattern is…
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Oil prices are back trading weaker following the gains from earlier this week. After testing the 38.83 level of resistance, the commodity is taking a breather. Prices are down about 0.40% intraday after failing to breakout above the key…
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The British pound sterling failed to hold on to gains above the 1.3000 level. After a brief test of the 1.3122 level, price action eased back to settle below the 1.3000 handle on Wednesday. As a result, we could see continued declines…
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