Orbex - Forex Trading Library

The precious metal is making attempts to recover following Monday's muted close. There is no clear trend emerging in the medium term. As a result, prices are back re-testing the 1911.50 level once again. The continued consolidation…
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Oil prices are back on the rebound after posting sharp declines on Monday. After a brief decline below the 38.83 support area, price action is pushing higher. However, oil prices have a lot of ground to catch up to. For the moment,…
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The British pound sterling is posting modest gains in an attempt to recover from the slump from the previous three sessions. Price action is repeatedly being rejected near the 1.3000 level of support. This puts the short term range…
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The euro currency is likely to move into this Thursday's ECB meeting with the 1.1800 floor firmly established. Prices briefly tested this level once again only to rebound higher. However, gains remain muted as investors turn cautious…
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Earnings Miss Shares in US technology company Intel are trading a little lower pre-market on Tuesday. The company’s stock price has been broadly lower following a disappointing set of third-quarter earnings last week. These have been…
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With many countries in the world seeing a renewed spike in covid cases, lockdowns and other restrictions are being reimposed. The economic impact of that is likely to increase calls for central banks to step in with more easing. But most…
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Relief Aid Seems a World Away The US index advanced 0.26% higher on Monday, settling just above the 93 handle. Fading stimulus prospects and continued pandemic fears shifted appetite back to the dollar. USD price action is strengthening…
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The USDCAD structure shows a large triple zigzag of the primary degree, consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. In September, the zigzag actionary wave Ⓨ was fully complete with intermediate sub-waves (A)-(B)-(C). Wave (A) is a 5-wave…
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The China50 has seen post-pandemic optimism as it has traded in an ascending channel since April. A break to the upside occurred in July, however, this momentum did not remain as prices fell back into the channel. Mean regressions have…
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