Forex Trading Blog and Market Insights

WTI Crude Oil Maintains Its Hold Near 42

Orbex Aug 17, 2020 286 0

Oil prices continue to remain in a holding pattern. Price action fell back to the 42.00 level and oil managed to close slightly higher above this level. This week's OPEC meeting might help oil prices to gain some momentum. To the…
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Technical Analysis

GBPUSD Drifts Lower After Failing To Clear Resistance

Orbex Aug 17, 2020 396 0

The British pound sterling managed to post modest gains into Friday's close. Price action rallied towards the 1.3122 resistance level. Failing to clear this level, the cable ended the session on a somewhat weaker note. It is clear…
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Technical Analysis

EURUSD Rises For The Third Consecutive Session

Orbex Aug 17, 2020 386 0

The common currency is posting a steady gain against the US dollar as price closed in the green for the third session in a row. This comes after EURUSD fell to the support area near 1.1714 earlier in the week. However, the previous…
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Fundamental Analysis

NZDUSD Bearish Impulse Eyes 0.631

Roman Onegin Aug 14, 2020 1,476 0

The NZDUSD pair hints to a bullish triple zigzag. The structure consists of five sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of a primary degree. The first three parts are completed with the market moving to a bearish intervening wave Ⓧ. A standard zigzag…
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How Does the Stock Market Work?

Daniel John Grady Aug 14, 2020 2,778 0

One of the more common recurring myths is that the stock market is basically some kind of gambling. It's a common trope in movies and TV shows. But the only way gambling is involved is that several gambling companies have shares that are…
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Stocks

Visa Pulls Full-Year Outlook Due To Pandemic

Orbex Aug 14, 2020 494 0

Shares in US payments firm, Visa, are trading 0.43% lower pre-market on Friday. However, the stock has remained broadly well supported following a positive Q2 earnings report at the end of last month. It has seen the company’s share price…
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Technical Analysis

GBPJPY Looks To Break From Lower Highs

David Kindley Aug 14, 2020 392 0

From a long term perspective, the GBPJPY’s failed bid to push out of the Ichimoku cloud eyes a downturn. This is despite currently trading with an upside bias. The momentum indicator currently hints at a divergence to a shift in the…
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Fundamental Analysis

US Stimulus Fails To Materialize

David Kindley Aug 14, 2020 409 0

Dollar Takes a Step Back After Recent Optimism The US Index saw a slight progression as the weekly unemployment claims dropped below one million for the first time since March. However, this could not prevent the US index from closing…
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Italiano

Venti Deboli Di Correzione Per I Mercati Azionari

Fabio Michettoni Aug 14, 2020 504 0

S&P500(SPX500): Fatica Ad Agguantare I Massimi S2: 3,339.8 S1: 3,356.6 R1: 3,389 R2: 3,404.6 Malgrado una buona spinta rialzista l’indice S&P500 non ha ancora ripreso i massimi di fine febbraio visti in area…
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Fundamental Analysis

Metals Markets Reverse on Treasuries Move

Orbex Aug 14, 2020 1,347 0

Gold The yellow metal has seen plenty of volatility this week. A steep sell-off earlier in the week saw price peeling away from recent all-time highs. However, the dip quickly found buyers and price has managed to stem those earlier…
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