Forex Trading Blog and Market Insights

Alibaba Touches Record Highs!

David Kindley Oct 20, 2020 262 0

Alibaba prices reached all-time highs recently as the share prices remain steady over $300. The stock has been trading in an ascending channel from the height of the pandemic in April. Since then, several attempts to break out of the upper…
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Fundamental Analysis

Upcoming September Retail Sales: UK, Canada & Australia

Daniel John Grady Oct 20, 2020 307 0

Now that we are seeing a second wave of COVID spreading around the world, retail sales figures are back as an important indicator of market direction. Countries are reimposing different kinds of lockdown measures hoping to slow the…
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Technical Analysis

Surfing the Waves with Gregor Horvat 2020-10-20

Gregor Horvat Oct 20, 2020 263 0

In today’s advanced Elliott Wave analysis Gregor dives into the five most interesting opportunities for the weak ahead! Watch how he analyses equities, FX Majors, and commodities and discover how he applies EW principles to come up with his…
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Technical Analysis

GBPUSD Impulse to Target Previous High

Roman Onegin Oct 20, 2020 1,297 0

The GBPUSD formation hints at a final wave e which consists of a primary Ⓐ-Ⓑ-Ⓒ zigzag. Currently, the bearish correction wave Ⓑ which is a double zigzag has completed. Whilst the bullish impulse wave Ⓒ is in formation. After the end…
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Fundamental Analysis

Pelosi Deadline Looms for Pandemic Bill

David Kindley Oct 20, 2020 269 0

Clock Ticks Away for Pre-Election Stimulus The US dollar index continued its slide from the beginning of the week, as it closed 0.35% lower yesterday. Fiscal stimulus negotiations continue to largely drive the direction of the US…
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Technical Analysis

Gold Catches a Bid on Stimulus Talks

Orbex Oct 20, 2020 361 0

The precious metal is attempting to pare losses as the US Congress is set to debate on the stimulus bill. This has weakened the US dollar and the talks of fresh stimulus are pushing gold a bit higher. But gold is struggling near the…
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Technical Analysis

Oil Rises on OPEC+ Comments

Orbex Oct 20, 2020 374 0

Oil prices were trading bullish on Monday. The gains come after OPEC+ chief reiterated that OPEC+ would not let oil prices to fall again. Elsewhere, Russia is attempting to engage Saudi Arabia in fresh talks amid the current oil…
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Technical Analysis

GBPUSD Rises to 1.3000

Orbex Oct 20, 2020 306 0

The British pound sterling is once again attempting to breakout past the 1.3000 level of resistance. However, prices are still being rejected above this level, as 1.3000 is proving a strong resistance level to break. This will most…
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Technical Analysis

EURUSD Rises on a Weaker Greenback

Orbex Oct 20, 2020 273 0

The euro is trading higher on Monday, largely thanks to the weaker US dollar. The EURUSD is reversing losses after touching the 1.1700 support area. The current pace of gains will see the common currency re-testing the 1.1800 level…
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Stocks

Bank of America Sees Revenues Drop in Q3

Orbex Oct 19, 2020 508 0

Shares in US lender Bank of America, the second-biggest US bank by its assets, are trading a little lower pre-market on Monday. Last week, the US bank reported its third-quarter earnings. While the headline earnings per share figure was…
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