Orbex - Forex Trading Library

The euro currency capitalized on a weaker greenback and managed to erase the gains from the past two days. The reversal came once again a few pips off the 1.1600 handle. This pushed the euro to test the 1.1715 level. The Stochastics…
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Shares in US tech giant Apple are trading a little lower pre-market on Tuesday. Shares in Apple have been trading lower over recent weeks following an initial rally in October which saw price trade highs of over 124. Q4 Results Beat…
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The electoral system in the US can be a little confusing for non-Americans (and, to be fair, some Americans as well). The President of the United States is not elected directly by the citizens, but by each state through the Electoral…
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The USDCNH structure shows the completion of a triple zigzag correction b of the primary degree. The initial part of the primary impulse consisting of sub-waves ①-②-③-④-⑤ is currently under development. The bearish correction wave ②…
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The AUDCAD has been trading in a descending channel since prices dropped out of its six-month ascending channel in September. Bias now turns to the downside as a recent attempt at the back end of last month saw levels dip to the mid 0.92…
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Manufacturing PMI the Best in 2 Years The US index ended yesterday’s session higher for a fourth consecutive day, as it reclaimed the 94 handle. Even though the markets are preparing for a Biden win as America goes to the polls today,…
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Oil prices are up over one percent on Monday as prices recover from last week's declines. Following a brief move below the 34.41 area, oil prices managed to post a strong recovery. After rising above this level, oil prices are pushing…
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The precious metal is posting modest gains on Monday as the US elections are underway. Price rose over 0.50% intraday, following up from last Friday's bullish close. Still, prices are likely to approach the 1900 - 1911.50 level once…
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The British pound sterling is trading subdued with price action trading rather flat. This marks the second daily session following last Friday's subdued close. While price action has formed an inside bar pattern last Friday, the…
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