Orbex - Forex Trading Library

On Friday, Germany reported the highest number of new COVID cases since April 8th, which was near the middle of the "first wave". Last week, the number of new cases has increased dramatically, well over 50% in less than 7 days.…
Read More

The S&P500 index managed to recover from the slump in the previous few weeks. Price action was broadly bullish last week as the S&P500 managed to breakout above the 3388 handle rather easily. This current bullish momentum could…
Read More

GBPJPY Inches Up on Deal Optimism The pound sterling could continue to strengthen against the yen. This is as long as hopes of a limited trade deal keep sellers at bay. Markets have shrugged off August’s slower-than-expected GDP…
Read More

AUDNZD(AUDNZD): L’Oro Debole Frena l’AUD S2: 1.0815     S1: 1.0834     R1: 1.0883     R2: 1.0913 La MM a 21 giorni costituisce un buon supporto per AUDNZD che su base 1.082 sembra aver costruito un robusto supporto. Sempre positivo…
Read More

Last Week’s highlights Reserve Bank of Australia Keeps Interest Rates Unchanged The Australian central bank held its monetary policy meeting last week. As widely expected, the central bank left interest rates unchanged ahead of the…
Read More

The precious metal rose nearly 2% on Friday breaking past the key resistance level of 1900 - 1911.15. The gains come on the back of a new stimulus bill in the United States, which is under consideration. With price action now clear of…
Read More

Crude oil prices closed on a soft note on Friday following a week of strong gains. Subsequently, price action closed bullish on a weekly basis. This comes after two weeks o declines. Still, prices are back at where they were, four…
Read More

The British pound sterling rose to a fresh one-month high, capping a three-day winning streak. The gains come broadly on a weaker greenback, but the GBP is also bolstered by the ongoing Brexit trade talks. Price action on the 4-hour…
Read More

The euro capitalized on a weaker US dollar, rising to a three-week high. Following days of back and forth, President Trump finally signaled interest in the coronavirus stimulus bill. This led to the dollar falling, amid rising…
Read More