Orbex - Forex Trading Library

Oil prices are trading a tad weaker with the OPEC meeting underway. No official word has been made so far, keeping oil prices mixed for the moment. With President Trump postponing trade talks with China, investor sentiment fell.…
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The British pound sterling made some gains intraday but gave them back rather quickly. Price action is holding up steady to the upside with GBPUSD targeting the 1.3300 handle. The current price action indicates that we could see…
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The common currency has resumed its bullish momentum, but prices are struggling near the trend line. The consolidation is likely to continue into the FOMC meeting, following which we could see a potential move in either direction. The…
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Greenpeace Protests On Tuesday Shares in French energy producer and provider, Total, ranked the fourth-largest company of its kind globally, are trading 0.5% lower pre-market on Wednesday. Shares suffered over the last 24 hours in…
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The USDCNH formation hints to a cycle degree a-b-c zigzag, currently in wave b. Cycle degree wave a took the form of a 5-wave impulse upon completion. We then saw the development of a bearish correction which hints at a simple zigzag…
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The EURNZD trades in an ascending regression channel as it maintains its push towards fresh highs. A rally towards the upper channel caused a rejection at 38.2% of the 1.99-1.7160 Fibonacci Retracement. Prices are now hovering in the…
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There is increased market chatter that the release of the FOMC's minutes for their July meeting might set the ground for future policy changes. The results of the meeting were uneventful. However, there is speculation that the members…
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Dollar Continues Decline Over Politics The US index fell to its lowest level since May 2018 as it slid towards 92 on Tuesday. Meanwhile, the US President is under increased pressure as the Democratic National Conventions are in full…
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The precious metal is giving back some of the gains after price rose toward the 2020 region on Tuesday. The gains come after gold prices managed to clear the 1967.12 level of support. However, to the upside, the next key resistance…
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Oil prices are failing to capitalize on a weaker US dollar. Price action is trading weaker on Tuesday. Following a brief rise toward the 42.94 handle, oil prices are drifting lower. The support area near the 42.00 level will be the…
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