Orbex - Forex Trading Library

The euro currency posted a fresh high as prices briefly rose above 1.2000 handle. However, just as quickly, the euro pulled back off this level. Price action is supported to the upside as it tests the 1.1950 level. This marks the…
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Shares in US pharmaceutical company Pfizer are trading around 0.5% lower pre-market on Tuesday, extending the losses seen across recent days. Indeed, the sell-off comes despite news this week that Pfizer’s joint clinical trials with German…
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Classic economics indicates that if you expand the monetary base, inflation soon follows. Expanding the monetary base is the technical term for "printing money". The Fed does this in many ways, such as buying bonds. Another classic…
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The NZDUSD structure hints to a simple Ⓐ-Ⓑ-Ⓒ zigzag. Waves Ⓐ-Ⓑ are complete whereas wave Ⓒ is still ongoing. It consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Intermediate wave (4) completed already in a triple zigzag. Prices…
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AUDJPY has seen a gradual ascent to fresh highs from April 2019. Price action has led to the pair trading towards the 78.6% Fibonacci handle of the 59.80-83.86 bullish leg. However, a bearish divergence witnessed on the momentum…
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Ripple Effects of Jackson Hole Symposium Persist The US dollar continued its freefall across the board. Last week’s announcement by the Fed of an average inflation target has cemented the negative USD real yield narrative. This has…
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The precious metal is holding on to its bullish momentum since Friday. Price action is back to testing the resistance level near 1967. Price action briefly tested this level on Thursday before being rejected near the 1967 handle. A…
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WTI Crude oil prices made another attempt to test the 43.50 handle. However, prices were quickly rejected, pushing crude oil lower by close to $0.50. Price action is caught in a range within the 43.50 and 42.00 levels for the moment.…
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The British pound sterling is pushing higher after conquering the 1.3300 handle last week. Price briefly slipped lower but reversed direction to rise to a fresh one-year high. Price action is likely to continue higher, especially with…
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The euro currency continues to push higher as price action closed above 1.1900 on Friday. Afterward, the euro gained nearly 0.30% on the day on Monday. Following a brief rise to intraday highs of 1.1966, the common currency pulled…
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