Forex Trading Blog and Market Insights

Crude Oil Holds Steady Near 41.00

Orbex Oct 21, 2020 293 0

Oil prices are trading flat one day after price action attempted to break past the 41.00 handle. The muted price action comes amid weakening forecasts for crude oil. Furthermore, talks of Russia supporting cutbacks to production is…
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Technical Analysis

GBPUSD Trades Mixed on Brexit & USD Weakness

Orbex Oct 21, 2020 310 0

The British pound sterling is trading muted on Tuesday. Price action was largely confined to the range from Monday. This comes amid the mixed fundamentals. While the USD is weaker, the pound sterling is weighed by the Brexit concerns.…
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Technical Analysis

Euro Rises to a 4-Week High

Orbex Oct 21, 2020 331 0

The euro is maintaining its bullish hold. After rising off the 1.1700 level earlier in the past few sessions, price action broke past 1.1800 on Tuesday. With prices breaking out above the 1.1800 level, further gains could be likely.…
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Technical Analysis

Q4 2020 Market Outlook Report – The Home Stretch

Orbex Oct 20, 2020 1,128 0

We’re almost there – the long-awaited end to 2020 is just three months away. But that doesn’t mean it’s going to be an easy quarter… far from it. Uncertainty remains rampant, with COVID cases on the rise around the world and the…
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Stocks

IBM Lower on Declining Revenues

Orbex Oct 20, 2020 569 0

Shares in IBM are trading a little lower pre-market on Tuesday following the group’s Q3 earnings release yesterday. IBM posted third-quarter earnings per share of $2.58. Revenues came in at $17.56 billion, narrowly beating expectations for…
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Stocks

Alibaba Touches Record Highs!

David Kindley Oct 20, 2020 261 0

Alibaba prices reached all-time highs recently as the share prices remain steady over $300. The stock has been trading in an ascending channel from the height of the pandemic in April. Since then, several attempts to break out of the upper…
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Fundamental Analysis

Upcoming September Retail Sales: UK, Canada & Australia

Daniel John Grady Oct 20, 2020 306 0

Now that we are seeing a second wave of COVID spreading around the world, retail sales figures are back as an important indicator of market direction. Countries are reimposing different kinds of lockdown measures hoping to slow the…
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Technical Analysis

Surfing the Waves with Gregor Horvat 2020-10-20

Gregor Horvat Oct 20, 2020 262 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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Technical Analysis

GBPUSD Impulse to Target Previous High

Roman Onegin Oct 20, 2020 1,296 0

The GBPUSD formation hints at a final wave e which consists of a primary Ⓐ-Ⓑ-Ⓒ zigzag. Currently, the bearish correction wave Ⓑ which is a double zigzag has completed. Whilst the bullish impulse wave Ⓒ is in formation. After the end…
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Fundamental Analysis

Pelosi Deadline Looms for Pandemic Bill

David Kindley Oct 20, 2020 267 0

Clock Ticks Away for Pre-Election Stimulus The US dollar index continued its slide from the beginning of the week, as it closed 0.35% lower yesterday. Fiscal stimulus negotiations continue to largely drive the direction of the US…
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