Forex Trading Blog and Market Insights

Oil Prices Rebound After Monday’s Sell Off

Orbex Sep 23, 2020 285 0

Crude oil prices tested the technical support area of 38.83 on Tuesday. Price action was promptly rejected at this level, leading to a modest bounce to the upside. But questions remain as to whether oil prices can hold the upside.…
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Technical Analysis

GBPUSD Touches 1.2750 Support

Orbex Sep 23, 2020 307 0

The British pound remains weak as the UK is likely to enter another lockdown. This will limit economic growth and the reaction has been felt in the currency markets. Prices are now trading near the support level of 1.2750. The…
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Technical Analysis

EURUSD Holds at Technical Support

Orbex Sep 23, 2020 302 0

The euro continues to extend declines amid a resurgent greenback. Price action extended declines from Monday, following the break down near the trend line. This led to the euro currency falling to the support area near 1.1715.…
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Technical Analysis

Surfing the Waves with Gregor Horvat 2020-09-22

Gregor Horvat Sep 22, 2020 271 0

In today’s advanced ElliottWave analysis Gregor dives into the five most interesting opportunities for the weak ahead! Watch how he analyses equities, FXMajors, and Commodities and discover how he applies EW principles to come up with his…
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Fundamental Analysis

Deutsche Shares Drop 8% on Banking Scandal

Orbex Sep 22, 2020 332 0

Shares in German banking giant Deutsche Bank have come under heavy selling pressure in recent days. This comes as traders digest the details of a fresh banking scandal. Deutsche Bank shares have fallen from highs of almost EUR 10.00…
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Fundamental Analysis

What Might Happen to the Euro After GfK & Ifo Data This Week

Daniel John Grady Sep 22, 2020 842 0

As expected, the markets had a tough start to the week. There were a couple of technical factors, but the COVID situation is apparently still driving consumer sentiment. And that's likely to continue to be the theme for the data…
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Fundamental Analysis

AUDUSD Correction b to Complete Pattern

Roman Onegin Sep 22, 2020 1,075 0

The current AUDUSD structure shows the completion of a triple zigzag in cycle wave b. An impulse consisting of primary sub-waves ①-②-③-④-⑤ is currently under development. Impulse ① and corrective wave ② have completed In wave ③ö…
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Fundamental Analysis

Trump’s Ties With President Erdogan Under Fresh Scrutiny

Orbex Sep 22, 2020 407 0

Documents Requested on Trump's Ties With Erdogan President Trump is making headlines due to his alleged links to Turkish President Erdogan. This week, Bob Menendez, the top Democrat on the Senate Foreign Relations Committee, wrote a…
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Technical Analysis

Golden Ratio Bounce Eyes Fresh Highs

David Kindley Sep 22, 2020 361 0

GBPCHF has seen an ascending channel up until the start of September. A sell-off in the instrument saw prices fall through the lower regression to the 1.16 region which was last seen in March. Currently, another attempt at fresh lows is…
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Fundamental Analysis

The Outlier Interest Rate Decisions: RBNZ & Banxico

Daniel John Grady Sep 22, 2020 755 0

The second half of the week has a couple of potential surprises. While it's true that all central banks are charting new territory, that's especially the case for the RBNZ and Banxico... But for widely different reasons. Given the…
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