Orbex - Forex Trading Library

The British pound sterling is posting strong gains on the back of a weaker dollar. After price action consolidated above the 1.3300 level, the cable is attempting to push higher. For the moment, prices are stuck near the trend line. As…
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The euro currency is posting strong gains, rising over one percent on the day. The gains largely on the back of a weakening US dollar. Earlier on Monday, the euro gave back the gains after testing the 1.2000 level. However, this decline…
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Shares in leading technology company IBM are trading a little higher pre-market on Tuesday. The company’s stock has enjoyed a firm rally over recent weeks as the broad uptick in risk appetite has translated into better demand for IBM stock.…
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Janet Yellen is back. Well, as head of the Treasury Department. As you likely recall, Yellen was the Federal Reserve Chair during the anemic economic recovery following the last recession. She was initially slated to remain on the…
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The current GBPUSD structure hints to a horizontal correction wave (4) of the intermediate degree. It takes the form of a minor A-B-C flat. The minor wave A in the form of a minute zigzag is fully complete. The corrective wave B is still…
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USDZAR has traded under a negative tone for the majority of 2020. Potential peaks have been met with heavy resistance as prices were pushed to a 9-month low. The bottom found at the 17.26/15.10 downside Fibonacci leg, which has seen a…
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End of Month Woes for the Dollar The US index initially dropped to fresh yearly lows yesterday, before rebounding and ending the session 0.19% higher. The index fell to levels last seen more than two years ago as the risk-on sentiment…
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The precious metal is extending losses as the 200-day moving average gives way. Price action is, however, showing signs of a rebound near the current five-month low. The Stochastics oscillator is also showing signs of a bullish…
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Oil prices are down about one percent intraday. The declines come as OPEC leaders meet in Vienna. Rumors over the weekend suggested that OPEC+, which includes Russia, will keep the present production cuts in place. Technically, oil…
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The British pound sterling continues to trade flat from last week. Price action is not making any new highs, leading to a consolidation. The support level near 1.3300 is holding up for the moment. However, if price action fails near…
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