Forex Trading Blog and Market Insights

GBPUSD Rises to a One-Year High 2020-12-04

Orbex Dec 4, 2020 278 0

The British pound sterling is trading near a one-year high. The gains come against the backdrop of a weaker dollar. The cable brushed off the Brexit uncertainty on Thursday. With support firmly established near 1.3300, we could expect to…
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Technical Analysis

Euro Continues to Dominate

Orbex Dec 4, 2020 249 0

The euro currency posted further gains, marking three days of solid gains so far. Price action is comfortably settled above the 1.2000 handle with prices breaking past the 1.2100 level as well. The strong gains could however trigger a…
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Technical Analysis

Surfing the Waves with Gregor Horvat 2020-12-03

Gregor Horvat Dec 3, 2020 284 0

In today’s advanced Elliott Wave analysis Gregor dives into the five most interesting opportunities for the weak ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with his…
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Stocks

Tesla Shares Higher on Goldman Recommendation

Orbex Dec 3, 2020 392 0

Shares in US tech firm Tesla are trading a little higher pre-market on Thursday. Tesla shares have seen heavy buying again over recent weeks amidst the broad improvement in risk appetite which has seen technology stocks especially buoyant.…
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Fundamental Analysis

Will November NFP Show a Turn Around?

Daniel John Grady Dec 3, 2020 720 0

Last month's NFP results beat expectations across the board. By then we were already seeing reports of increased covid cases, and some areas had already announced new lockdown measures. But that didn't stop employer optimism. On top of…
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Stocks

AMZN Primary Impulse Completion At 4014.24

Roman Onegin Dec 3, 2020 1,000 0

The current AMZN structure indicates an impulse consisting of primary sub-waves ①-②-③-④-⑤. Sub-waves ①-②-③-④ are fully complete. The horizontal correction ④ takes the form of a contracting triangle of the intermediate degree. At the…
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Technical Analysis

XAUUSD Bulls to Mount a Comeback?

David Kindley Dec 3, 2020 975 0

XAUUSD has been trading with a bearish undertone since hitting record highs in August. An attempted resurgence in August saw a freefall to the $1760 area at the back end of November. However, currently, bulls have fought back to lead the…
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Trading Articles

UK Leads the Vaccination Race

David Kindley Dec 3, 2020 639 0

Dollar Freefall Continues The US index accelerated its decline yesterday, closing 0.24% lower towards the 90 handle. Currencies that comprise the dollar index such as the euro, Swiss franc, and sterling have reached multi-year highs,…
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Technical Analysis

Oil Rallies On EIA Drawdown News

Orbex Dec 3, 2020 731 0

Risk On Mode Helping Oil Crude prices have been helped higher again this week by the continued improvement in risk appetite. Markets are focusing more on more on incoming vaccine news. This week Pfizer and Moderna announced both have…
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Technical Analysis

WTI Crude Oil Prices Back Near 45.00 Resistance

Orbex Dec 3, 2020 316 0

Oil prices are trading bullish with price action rising over 2.5% intraday. The gains come as oil prices get a boost from a weaker US dollar. Furthermore, the weekly inventory report also saw a modest decline. This sent oil prices to…
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