Orbex - Forex Trading Library

The euro currency is extending its declines a day after price action closed flat. However, in the near term, this confirms the downside bias. With price action now trading below the 1.1715, this once again shifts focus to the 1.1600…
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Shares in US banking firm Citigroup are trading and 1.5% lower pre-market on Thursday, despite the group posting a solid set of Q3 earnings this week. Following on from the above-expectations Q2 earnings release back in July, Citi this week…
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Politics has taken center stage in the US, with even the latest polls pushing the markets. We can expect the economic situation to play a strong role in people's decisions on who to vote for. Therefore, economic data is getting the…
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The DXY dollar index recently completed the development of bearish correction wave b of a cycle degree. This consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of a triple zigzag. After the end of the specified correction, a new bullish trend looks…
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GBPJPY has been trading in a descending channel for over two years. Several tests at the lower channel have been met with support as the most recent attempt was during the pandemic months. Since then we have witnessed a move to the…
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Index Looks to US Data for a Lift The US dollar index barely shifted yesterday as it closed 0.14% lower. Remaining above the 93 handle was significant as Goldman Sachs, JP Morgan, and Citi beat earnings forecasts. The index is also…
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Gold The yellow metal has been a little softer this week with price weighed upon by the firm rally in equities prices. Despite concerns over the rising second wave of the COVID-19 virus, equities prices have been well supported by…
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The precious metal made up for the losses from Tuesday as price action settled back above the 1900 level once again. The price area between 1911.50 and 1900 shows a strong pullback, putting price action moving in a sideways range.…
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Oil prices made a firm recovery, paring losses for a second day on Tuesday. Price action is back near the 41.00 handle once again. However, the current momentum and set up indicates that we could see a pullback. This will keep price…
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The British pound sterling managed to post a sharp recovery intraday on Wednesday. Most of the gains were driven by progress in Brexit talks. As a result, price action quickly covered ground to rise above 1.3000 level once again. But…
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