Forex Trading Blog and Market Insights

EURUSD Attempts to Pullback

Orbex Oct 15, 2020 213 0

The euro currency briefly slipped to a two-week low before recovering intraday. Price action reversed losses just a few pips shy of the 1.1715 handle. While price action is attempting to pare losses, the 1.1800 level will pose as…
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Stocks

Johnson & Johnson Shares Lower Despite Q3 Earnings Beat

Orbex Oct 14, 2020 416 0

Shares in US drug-maker Johnson & Johnson are trading a little lower pre-market on Wednesday amidst reports that the company has halted its COVID vaccine trial. The pharmaceutical giant has been running a 60,000 person trial over recent…
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Technical Analysis

USDCNH Triple Zigzag To Form Final Wave

Roman Onegin Oct 14, 2020 575 0

The USDCNH structure shows a bearish cycle correction b. This is a triple combination consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, waves (A) and (B) of Ⓩ have ended. A downturn is then likely in wave (C) near 6.60.…
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Fundamental Analysis

What Will Happen with Brexit at the Euro Summit This Week?

Daniel John Grady Oct 14, 2020 929 0

EU leaders are once again heading to the Brussels summit, this time with the members of the eurozone. This is the formal, biannual meeting, as opposed to the extraordinary EU Summit at the start of the month. The meeting is significant…
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Italiano

Equity Sempre Tonico E Attrattivo

Fabio Michettoni Oct 14, 2020 395 0

S&P500(SPX500): Guadagna Forza Relativa Sul Nasdaq S2: 3,466 S1: 3,585 R1: 3,529 R2: 3,554 L’indice S&P500 riavvicina a grandi i massimi segnati all’inizio di settembre. Le implicazioni positive scaturiscono dal…
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Technical Analysis

USDZAR Hangs on Mean Reversion

David Kindley Oct 14, 2020 505 0

USDZAR currently sees prices trading below the Ichimoku cloud, indicating a descending tendency. Even though prices have been trading in an ascending channel since 2018, the current bias leans towards the downside. A second test at the…
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Fundamental Analysis

Europe Tightens Lockdown Measures

David Kindley Oct 14, 2020 797 0

Greenback regains lost ground The US index held on to the 93 handle yesterday as it closed almost 0.50% higher. The move came as investors became cautious after a Johnson & Johnson COVID-19 study was paused, reducing optimism about…
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Technical Analysis

Gold Loses the 1900 Support

Orbex Oct 14, 2020 298 0

The precious metal is down over 1.5% intraday as price action failed near the 1911.50 - 1900 level of support. This has pushed price action lower. However, the declines might not be out of the woods yet. There is a possibility that…
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Technical Analysis

WTI Crude Oil Pares Losses 2020-10-14

Orbex Oct 14, 2020 243 0

Oil prices are back in the green, rising as much as close to 2% intraday. The gains come just a day after oil prices fell sharply to lows near the 39 level. The rebound comes on the back of positive trade data from China. Still, we…
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Technical Analysis

GBPUSD Fails to Hold on to Gains Above 1.3000

Orbex Oct 14, 2020 238 0

The British pound sterling is down over 0.7% intraday as price failed to capitalize on the gains from earlier sessions. As a result, GBPUSD is trading back below the 1.3000 handle. A continuation to the downside could see a move back…
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