Orbex - Forex Trading Library

Oil prices are reacting strongly to the news of the development of the COVID-19 vaccine. Oil prices gained over $3.50 on Monday to settle close to the 40.00 level. A brief intraday test of this level saw prices being rejected.…
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The British pound sterling staged a strong move to the upside. As a result, price action closed above the 1.3122 level for the first time since early September this year. The quick pullback saw the 1.3122 level being tested for…
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The euro posted an impressive rally as price finally hit the 1.1900 level of technical resistance on Monday. However, markets rejected the common currency at this level, pushing it lower. Still, we could expect to see some…
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As a result of the broad rally in equities in response to the outcome of the US presidential elections, shares in US technology company Uber, have exploded higher in recent days. Indeed, the rally in Uber’s stock price has come despite the…
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The current BABA structure shows a bullish impulse wave V of a cycle degree. This consists of primary sub-waves ①-②-③-④-⑤. Primary impulse wave ③ has ended. This was followed by a price decline in the corrective wave ④. We could…
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Last month's ZEW survey showed a drop in optimism among German businesses across the board. The measure was still comfortably in expansion but had come off the 20-year highs of September. During the summer, many leaders had become…
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Last week’s highlights RBA cuts rates to record lows The Reserve Bank of Australia cut interest rates to record lows at its monetary policy meeting last week. The interest rate cut was widely expected as the central bank attempts to…
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AMERICAN EXPRESS (AXP.N): In Graduale Recupero S2: 94,89     S1: 95,79     R1: 98.08     R2: 99,47 Il titolo Bancario Usa non brilla in chiave rialzista, con le quotazioni che sono tornate a ruotare in area 99 dopo una tenuta di…
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USDCHF Weakens Over Blue Presidency The US dollar may not have seen the end of the bearish tunnel yet. The prospect of Democrat Biden winning the US presidency had already prompted fresh selling of the dollar. Expectations of a…
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The US equity markets continue with a volatile week, on account of various narratives. Last week, the S&P500 index managed to recover the losses from the week before. After the doji formation near the support level, the index managed…
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