Forex Trading Blog and Market Insights

Biden Widens the Gap Over Record Fundraising

David Kindley Oct 15, 2020 317 0

Index Looks to US Data for a Lift The US dollar index barely shifted yesterday as it closed 0.14% lower. Remaining above the 93 handle was significant as Goldman Sachs, JP Morgan, and Citi beat earnings forecasts. The index is also…
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Fundamental Analysis

Equities Advance Stalls Metals Recovery

Orbex Oct 15, 2020 1,043 0

Gold The yellow metal has been a little softer this week with price weighed upon by the firm rally in equities prices. Despite concerns over the rising second wave of the COVID-19 virus, equities prices have been well supported by…
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Technical Analysis

Gold Retests 1900 Price Level

Orbex Oct 15, 2020 308 0

The precious metal made up for the losses from Tuesday as price action settled back above the 1900 level once again. The price area between 1911.50 and 1900 shows a strong pullback, putting price action moving in a sideways range.…
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Technical Analysis

WTI Crude Oil Back at 41

Orbex Oct 15, 2020 282 0

Oil prices made a firm recovery, paring losses for a second day on Tuesday. Price action is back near the 41.00 handle once again. However, the current momentum and set up indicates that we could see a pullback. This will keep price…
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Technical Analysis

GBPUSD Back Above 1.3000

Orbex Oct 15, 2020 232 0

The British pound sterling managed to post a sharp recovery intraday on Wednesday. Most of the gains were driven by progress in Brexit talks. As a result, price action quickly covered ground to rise above 1.3000 level once again. But…
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Technical Analysis

EURUSD Attempts to Pullback

Orbex Oct 15, 2020 213 0

The euro currency briefly slipped to a two-week low before recovering intraday. Price action reversed losses just a few pips shy of the 1.1715 handle. While price action is attempting to pare losses, the 1.1800 level will pose as…
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Stocks

Johnson & Johnson Shares Lower Despite Q3 Earnings Beat

Orbex Oct 14, 2020 413 0

Shares in US drug-maker Johnson & Johnson are trading a little lower pre-market on Wednesday amidst reports that the company has halted its COVID vaccine trial. The pharmaceutical giant has been running a 60,000 person trial over recent…
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Technical Analysis

USDCNH Triple Zigzag To Form Final Wave

Roman Onegin Oct 14, 2020 575 0

The USDCNH structure shows a bearish cycle correction b. This is a triple combination consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, waves (A) and (B) of Ⓩ have ended. A downturn is then likely in wave (C) near 6.60.…
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Fundamental Analysis

What Will Happen with Brexit at the Euro Summit This Week?

Daniel John Grady Oct 14, 2020 929 0

EU leaders are once again heading to the Brussels summit, this time with the members of the eurozone. This is the formal, biannual meeting, as opposed to the extraordinary EU Summit at the start of the month. The meeting is significant…
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Italiano

Equity Sempre Tonico E Attrattivo

Fabio Michettoni Oct 14, 2020 391 0

S&P500(SPX500): Guadagna Forza Relativa Sul Nasdaq S2: 3,466 S1: 3,585 R1: 3,529 R2: 3,554 L’indice S&P500 riavvicina a grandi i massimi segnati all’inizio di settembre. Le implicazioni positive scaturiscono dal…
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