Orbex - Forex Trading Library

After the latest from the Fed's policy outlook, there is a renewed focus on employment figures from the US. Expectations are for jobs to be the guiding light of monetary policy, and therefore the dollar, for at least the next year.…
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The current AUDUSD structure hints at the formation of a cycle degree a-b-c zigzag. Corrective wave b is a complete triple zigzag and consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ . In the medium term, we could see a long decline in impulse wave c…
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CHFJPY has seen a previous test at the 118 area fail. Currently, the pair has maintained a bullish bias for the last four months. However, the bearish divergence on the momentum indicator hints to a move to the downside. A fall past the…
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US indices continued to hit record highs despite the government stalemate over coronavirus aid. Upbeat pandemic news followed by reports of a cheap and readily available steroid treatment helped US indices record highs. The WHO has…
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Crude Inventories Fall Again Crude oil prices have seen a drop in buying this week. Price moved into negative territory on Wednesday despite the latest data from the Energy Information Administration. In the week ending August 28th, the…
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The precious metal gave back the gains made over the past few sessions as price failed to hold on to the support level near 1967. This led to gold prices falling further. The lower high formation and the current price action could…
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WTI Crude oil prices made modest attempts to rise intraday. However, the gains were erased quickly. Price action turned bearish into the mid-US trading session. Oil prices fell to the 42.00 handle. Just a few weeks ago this is the level…
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The British pound sterling is extending declines for the second consecutive day. The sterling was trading above 1.3400 earlier this week but has given back the gains. At the time of writing, GBPUSD is trading near the 1.3300 level. This…
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The euro currency is posting losses and is down over 0.70% intraday. The declines come on the back of the stronger US dollar which is trading stronger for the second day. The declines in the euro accelerated after price lost the…
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Citi Sues Over Unreturned Funds Shares in US banking giant Citibank Group continue to struggle to establish momentum this week despite plenty of recent headlines. Citi, which is the third-largest bank in America, recently filed a…
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