Orbex - Forex Trading Library

Oil prices have been somewhat volatile over the past few sessions. After trading strongly above the 42.00 level, oil prices gave way, paring gains. As a result, WTI crude oil is now trading within the 42.00 and 41.00 levels. A…
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The British pound sterling is also extending losses from last Friday. Just after price made another attempt to close above 1.3122, GBPUSD dropped lower. For now, price action is likely supported near the 1.3000 level. We expect some…
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The common currency is trading weaker on Monday's open, extending on the declines from last Friday. This comes as price failed to breach the previous two-year highs. The dollar strength is also adding to the current weakness in EURUSD.…
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Earnings Beat Shares in US banking firm JP Morgan are trading over 2% higher pre-market on Monday. Buyers continue to show demand for the stock following a solid Q2 earnings release. JP Morgan posted earnings of $1.38 per share last month,…
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The USDJPY structure hints at cycle wave e consisting of primary waves Ⓐ-Ⓑ-Ⓒ. The 5-wave impulse Ⓐ and correction wave Ⓑ took the form of a bearish double zigzag. The impulse wave Ⓒ is currently under development. Intermediate…
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This is the week many analysts have been waiting for, as we get a series of pivotal data that will give us some insight into how the pound, euro and Aussie dollar might behave in the medium term. We also might have some surprises in just…
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DAX (Germany 30): Pronto Per Un Nuovo Rialzo S2: 12,453.77     S1: 12,564.32     R1: 12,738.54     R2: 12,802.21 L’indice Dax archivia una settimana sostanzialmente invariata che tuttavia conferma la "virata" rialzista del sistema…
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USDCAD Rebounds as Sino-US Tensions Brew The US dollar could see a silver lining in the tensions between the US and China. President Donald Trump’s executive orders to ban popular Chinese apps WeChat and TikTok are the latest…
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Last Week’s Highlights BoE Leaves Rates Steady but Gives a Cautious Outlook on Economy The Bank of England held its monetary policy meeting on Thursday. While leaving interest rates unchanged at 0.10% it also left the bond-buying program…
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The S&P500 index has so far maintained a rather low profile. However, over the course of the week, while precious metals took the limelight, the major US equity index managed to break out of its range. On Friday, 7th August, the…
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