Orbex - Forex Trading Library

Crude oil prices did not react much to the latest news of Moderna joining the ranks of other pharmaceutical companies announcing the COVID-19 vaccine. Price action was soft for the most part of the day. Oil prices managed to recover past…
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The British pound sterling is trading soft on Monday with price action supported above the 1.3122 level. For the moment, the sideways range is likely to persist with the 1.3300 level coming in as resistance. A sideways consolidation…
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The gains in the euro came to a standstill as price action remained trading close to opening prices on Monday. However, the common currency is well supported above the 1.1800 level for the moment. The Stochastics oscillator is likely…
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Shares in US beverage-maker Coca Cola have been firmly higher over recent weeks. Stocks have benefitted from the broad pickup in risk appetite on the back of the latest COVID vaccine news. Coca Cola recently announced a major breakthrough…
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Retail sales in the US have not returned to pre-pandemic levels, despite the significant growth over the summer. Since peaking in July, retail sales have been running at around 82-87% of comparable years. Chain-store sales suffered more,…
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The current SPX500 shows a bullish impulse of a cycle degree. The wave V consists of primary sub-waves ①-②-③-④-⑤ with an impulsive structure. The flat in primary wave ④ recently ended, which then saw rapid growth in impulse wave ⑤.…
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GBPCHF Consolidates as Brexit Deadline Looms Pressure mounts as Brexit negotiations go into its crucial week. A deal must be reached by the end of November so the EU could pass it into legislation before the end of the transition…
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Last week’s highlights RBNZ surprises with no rate cut The Reserve Bank of New Zealand surprised the markets with no rate cuts at its meeting last week. The central bank also ruled out any rate cuts until March next year, putting an…
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The equity markets had a volatile week with the markets reacting early on to the news about the Pfizer COVID-19 vaccine. This pushed the markets beyond the previous all-time highs near 3588.8 to test a new all-time high of 3674.8. But…
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The precious metal made attempts to recover from the losses over the week. However, the rebound remains weak for the moment, with the overall set up looking bearish. Following the rebound off the 1850 handle, gold attempted to make…
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