Orbex - Forex Trading Library

The precious metal is also feeling the brunt of a stronger US dollar. While price action accelerated to the downside on Tuesday, we see a rebound just close to the 1900 region where support has held up so far. Still, the lower highs…
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Oil prices resumed the bearish outlook with declines of more than 7% on Tuesday. This comes after the US markets re-opened after being closed on Monday due to the Labor Day bank holiday. Oil failed to find any support near the 39.00…
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The British pound sterling continued its descent as prices failed to hold up near the support level of 1.3122. Failing to rebound, the declines continue with GBPUSD now trading close to the 1.3000 handle. We could expect to see a…
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The euro currency gave up the 1.1800 handle on Tuesday, but price action is still hovering close to this level. Overall, the 1.1700 handle now comes into the picture. Further declines could see the common currency pushing down to test…
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Belarus Opposition Leader Taken by Masked Men Reports of masked men taking opposition leader Maria Kolesnikova surfaced on Monday. Wires were quick to blame law enforcement in Minsk for the abduction. However, the local police were quicker…
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Shares in US multinational delivery firm FedEx are trading over 2% higher pre-market on Tuesday as the company’s stock price continues to extend recent gains. Indeed, FedEx gains over the last two months have materialized despite a poor set…
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September is seen as a pivotal month for the recovery as well as projections for the rest of the year. Summer officially comes to an end. Often, the trend seen in September is predictive of how things will be until Christmas (and how US…
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GBPCHF recently tested 1.2214 which was at the 50% Fibonacci retracement of the 1.3315-1.1113 leg. A descending channel currently sees prices pulling back towards the median regression. The top of the Ichimoku will be the next target…
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Jobs Report Bolsters Greenback, But For How Long? The US Index managed to close up 0.25% towards the 93 handle yesterday. However, demand for the greenback seems to be fading from the start of the week. After hitting a weekly peak last…
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