Orbex - Forex Trading Library

The British pound sterling managed to post some modest gains on Monday. Price action rose to a three-month high to 1.3397 before settling lower. The declines are however stalling near the 1.3300 area. This level previously served as…
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The euro currency finally managed to rise to the 1.1900 level of resistance on Monday. However, after briefly rising above this level, the common currency gave back the gains. This led price action to slip close to 1.1800 level intraday.…
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Shares in US banking firm JP Morgan Chase & Co are trading a little lower pre-market on Monday. However, shares have been well supported over the last month. This comes following a better than expected set of Q3 earnings which propelled…
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Lockdowns in Germany have been reimposed following the rise in cases throughout the last month and a half. This is expected to sap investor and business confidence. The question for the markets is: by how much? And what does that…
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USDJPY(USDJPY): Dollaro Al Test Su Importanti Supporti S2: 102.71     S1: 103.28     R1: 104.77     R2: 105.69  Il dollaro è visto in calo in apertura di settimana, in risposta all’imponente “squeeze” innescato dalla notizia sul…
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EURCAD Retreats as Budget Hits Roadblock The euro came under pressure after the EU’s budget ran into a stalemate. Its approval which includes the 750 billion euro Recovery Fund has turned political after Hungary and Poland rejected…
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Last week’s highlights Japan GDP rises 21.4% in Q3 There was some good news from Japan with the latest economic data showing a rebound in economic activity. Official data for the third quarter showed that the nation's GDP rose by 21.4%…
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The S&P500 index recovered strongly in a bid to test the previous all-time highs at 3674.80. However, the index managed to close briefly above the key resistance level of 3588.8. That said, the index closed below this level toward…
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The precious metal made some modest gains on Friday, but the upside momentum is starting to look weaker. Following the recent rise to the 1950 handle, the failure to breakout has led to weaker price action. While the 1850 level of…
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