Orbex - Forex Trading Library

The precious metal is trading higher on the day, erasing the losses from last Friday. The gains come amid a broader improved market and hopes of the new stimulus bill in the US. Price action is back above the 1900 - 1911.50 level.…
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Oil prices are bullish on Monday on a host of factors, ranging from the strike in Norway to President Trump's health updates. The weaker US dollar is also helping the commodity to make some gains in the near term. The rebound comes…
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The British pound sterling is holding on the gains as price action nears the 1.3000 level once again. This was the resistance level that held up in the previous test just last month. It will be interesting to see how the GBPUSD will…
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The euro is trading higher amid a greenback that is broadly lower. The gains come as the EURUSD has managed to consolidate above the 1.1715 level of support. This could potentially keep the gains with the EURUSD likely to rise further.…
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Shares in US alternative energy firm Tesla are trading around 4% lower pre-market on Monday, extending losses seen late last week. This is despite the firm reporting another quarter of positive results. The backdrop of increased fears…
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The current USDCHF structure shows a cycle triple zigzag consisting of sub-waves w-x-y-x-z. The final corrective wave z is under development and takes the form of a triple zigzag. This consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. In the…
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Through most of the summer, it appeared that the RBA had hit the bottom of their cutting cycle. And it was just a matter of how long the reference rate would stay at 0.25%. The lockdown in the state of Victoria, however, has changed the…
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CRUDE OIL (US Crude Oil): Scenario Tecnico Anomalo S2: 35.42     S1: 36.24     R1: 38.26     R2: 39.46 Il quadro tecnico generale evidenzia in linea teorica, lasciando emergere delle anomalie tecniche di fondo, uno sganciamento…
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EURGBP Retreats on Signs of Brexit Progress The pound sterling could be the mover and shaker after Brexit headlines kicked off volatility at the end of last week. EU officials have confirmed that both sides are in talks of ‘next…
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Last week’s highlights China manufacturing sector continues to rise Manufacturing activity in China showed a strong increase in September after the economy ended lockdown measures a few months ago. This was according to the data from IHS…
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