Orbex - Forex Trading Library

The common currency is on track to close bearish for the sixth consecutive session. Price action is, however, a bit subdued as the EURUSD approaches the 1.1600 handle. A retest of this level could potentially signal a rebound in prices.…
Read More

Further Losses Seen Shares in US energy company Chevron are trading a little higher pre-market on Monday. The company reported its third-quarter earnings on Friday. The headline earnings-per-share figure was better than expected at…
Read More

Tomorrow the Reserve Bank of Australia convenes to decide where they will set the interest rate. They'll also discuss potentially expanding their asset purchase program. The meeting happens in the middle of some significant risk events…
Read More

The current AUDUSD structure hints at a corrective wave b. This takes the form of a triple zigzag, as the final primary wave Ⓩ is currently under development The bullish wave Ⓩ is an intermediate (A)-(B)-(C) zigzag. Intermediate…
Read More

Last week’s highlights German Ifo weakens in October The latest data from the German Ifo institute shows that business sentiment fell in October. This reflects concerns among businesses amid the rising number of Coronavirus cases…
Read More

USDCHF Faces Highly Volatile Week There is rarely any week like this one with triple risk events where extreme volatility in the US dollar is expected. Short-coverings over the past few days suggest investors’ positioning in…
Read More

AUDNZD(AUDNZD): AUD Appesantito Dall’ORO S2: 1.055     S1: 1.058     R1: 1.066     R2: 1.071 La MM a 20 periodi su Tf a 4h che staziona a 1,063, costituisce un efficace livello di resistenza sul breve termine per AUDNZD che su base…
Read More

The precious metal managed to make a modest rebound into Friday's close. Price retraced to the 1885 handle before easing back. On a weekly basis, the price action in gold remains quite bearish. A follow-through into the week could…
Read More

The S&P500 is down over 5% for the week, with declines gaining momentum following the previous two weeks of subdued price action. The declines also see the S&P500 retreating following a failure to rise back to the previous…
Read More