Orbex - Forex Trading Library

Ferrari Down On New of New Fuel Tax Shares in Italian automaker Ferrari are trading a little over 1% lower pre-market on Friday. The company has been hit by news of a proposed new tax fuel in France. A Bloomberg report this week is…
Read More

The two largest economies in the world will be providing their inflation numbers next week. Normally, this would be a major event that would rile up markets. However, with monetary policymakers focusing on other things, the markets are…
Read More

The current AMZN structure shows the formation of a bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. The first four waves are fully complete. The final wave ⑤ is an intermediate degree impulse. In the medium term, a move in…
Read More

GBPNZD is currently registering lower highs as it attempts to move to previous levels in August. The current 50% 2.0275/1.9033 downside Fibonacci leg is providing some resistance. The recent bearish divergence suggests that momentum has…
Read More

DAX (Germany30): In Tenuta, Pronto A Ripartire S2: 12,850     S1: 12,945     R1: 13,112    R2: 13,183 Apprezzabile ritorno di forza per il DAX, dopo la scivolata di settembre, che tenta l'uscita rialzista dalla resistenza stimata in…
Read More

Stubborn Jobless Claims Weigh In The US index ended indecisively on Thursday as unemployment claims in America remained elevated. Analysts believe that the labor market will continue cooling down through Q4 as the number of coronavirus…
Read More

Gold The yellow metal has been back under pressure this week. Following a heavy sell-off on Tuesday, from which the market has attempted to recover, gold ends the week in the red as of writing. The rally in equities over the week has…
Read More

The precious metal has been trading muted on Thursday. This follows the modest attempt to pullback following the decline to the 1875 handle. For the moment, this could be the short term range in gold. The Stochastics oscillator is also…
Read More

Oil prices were trading bullish on Thursday, gaining over 2% intraday. The gains pushed oil toward the 41.00 level before pulling back. Failure to breakout above this level cements the view of the strong resistance here. We could…
Read More

The British pound sterling is attempting to close bullish for the second consecutive day. The gains come following the strong bearish decline earlier this week. Overall, from the medium-term outlook, GBPUSD continues to remain…
Read More