Orbex - Forex Trading Library

The precious metal is attempting to pare losses as the US Congress is set to debate on the stimulus bill. This has weakened the US dollar and the talks of fresh stimulus are pushing gold a bit higher. But gold is struggling near the…
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Oil prices were trading bullish on Monday. The gains come after OPEC+ chief reiterated that OPEC+ would not let oil prices to fall again. Elsewhere, Russia is attempting to engage Saudi Arabia in fresh talks amid the current oil…
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The British pound sterling is once again attempting to breakout past the 1.3000 level of resistance. However, prices are still being rejected above this level, as 1.3000 is proving a strong resistance level to break. This will most…
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The euro is trading higher on Monday, largely thanks to the weaker US dollar. The EURUSD is reversing losses after touching the 1.1700 support area. The current pace of gains will see the common currency re-testing the 1.1800 level…
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Shares in US lender Bank of America, the second-biggest US bank by its assets, are trading a little lower pre-market on Monday. Last week, the US bank reported its third-quarter earnings. While the headline earnings per share figure was…
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This week we have a series of important inflation data from major countries across the world. We're getting to a critical juncture in the economic recovery from COVID that implies more attention is needed on CPI changes. As mentioned…
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GBPNZD Trades in Range for Lack of Catalyst Despite the Brexit noise, the pound has been grinding its way up against the New Zealand dollar. As major contentions around fair competition and fisheries linger, negotiations could run…
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The current EURUSD structure hints at a 5-wave impulse. This consists of sub-waves ①-②-③-④-⑤ of the primary degree. After the end of impulse wave ③, the market fell in correction wave ④. Judging by its internal structure, it takes the…
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CRUDE OIL (US Crude Oil): Riconquistata Quota 40 S2: 39.70     S1: 40.29     R1: 41.26     R2: 41.64 Il quadro tecnico generale evidenzia in linea teorica, lasciando emergere delle anomalie tecniche di fondo, uno sganciamento dallo…
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Last week’s highlights China exports rise in September Economic activity in China continues to rise, with data for September coming in better than forecast. Exports rose as industrial operations resumed, while imports also increased.…
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