Orbex - Forex Trading Library

The British pound sterling is holding steady near a two-month low. Prices have barely moved after the GBPUSD fell to the support area near 1.2721 - 1.2673. This level was marked by the previous resistance area in June and July. The…
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The common currency continued to push lower, ending last week with declines. Prices are trading just a few pips off the 1.1600 round-number support. We expect a near term move to the upside given the current set up. The Stochastics is…
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Last Week’s Highlights RBNZ keeps rates steady but further easing likely The Reserve Bank of New Zealand held its monetary policy meeting last week. As widely expected, the central bank left its key interest rates steady at 0.25%. The…
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The S&P500 index extended declines over the week following the breakdown near the minor rising trend line. Subsequently, prices drifted lower before reversing losses just a few points above the 3200 handle. Friday's bullish…
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Illumina To Buyout Other Shareholders Shares in US biotech firm Illumina are trading almost 5% higher pre-market on Friday. Over recent days, Illumina shares have been well bid. This is in response to news that the company agreed to a $7.1…
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Like most disputes between nations, the recent impasse between Turkey on the one hand, and Cyprus and Greece (which means the EU) on the other, is both simple and complicated. The simple explanation is natural resources, like most…
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UKOIL hints at the formation of corrective wave ④ of the primary degree. This is a triple zigzag consisting of intermediate sub-waves (W)-(X)-(Y)-(X)-(Z). With intervening wave (X) ending, we now see prices rising in intermediate wave…
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Natural Gas has seen a steady incline from the recent lows witnessed in June. The commodity almost doubled in value before a decline at the beginning of the month. A standard bearish divergence has seen a test to the $1.80 area. Prices…
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Renewed Stimulus Talks Spurs on Stocks The US index hinted at exhaustion at it closed 0.10% lower yesterday, after gaining 2.4% over the month. The 7-week high led to a pullback as US jobless claims were disappointing. Claims crept…
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Gold The yellow metal has come under significant selling pressure this week with the market falling 5.5% as of writing. Gold is now down more than 10% from the 2073.48 highs posted last month. The main driver behind the acceleration…
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