Orbex - Forex Trading Library

Shares in US transport-technology company Uber are trading almost 2% higher pre-market on Friday. Uber has had a series of headlines over recent days which have helped create bullish sentiment. This in turn has supported Uber’s stock price…
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Next week, we will have the major employment data baked into the market. So it's time to look to the future. As the services sector was the most impacted by COVID, non-manufacturing PMIs have come to the forefront in terms of market…
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The SPX500 structure hints to a bullish impulse consisting of cycle sub-waves I-II-III-IV-V. On the 1H timeframe, we see the final impulse wave of the primary degree. At the time of writing, primary wave ④ was complete. This is an…
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CADJPY's attempt at reversing its downturn from last month has been met with resistance. The exhaustion on the momentum indicator has seen a standard bearish divergence. This has been followed by a hidden bearish divergence that could…
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More Worries for Trump as Presidential Race Heats Up The dollar index closed 0.17% lower yesterday as it continues the reversal from its 1.8% advancement last week. The greenback was under pressure as the Pelosi-Mnuchin negotiations have…
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Gold The yellow metal has been recovering some of the losses seen over the prior week. Weakness in the US dollar has helped underpin gold. The greenback has been lower over the week despite better than expected data. The final Q2 GDP…
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The precious metal pared losses as prices reversed on Thursday. Following this, gold broke past the 1900 level of resistance to briefly test the 1911.50 region. Considering that this level held up as support earlier, the resistance…
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Oil prices turned bearish losing over 5% intraday. The declines came on the back of fundamentals. OPEC's crude oil production in September increased by over 160,000 bpd, leading to a decline in oil prices. As a result, crude oil has…
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The British pound sterling is trading quite mixed on Thursday. In the medium term, price action remains caught within the 1.3000 resistance level and the 1.2750 level of support. Unless we see a breakout from one of these levels, the…
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