Orbex - Forex Trading Library

US stocks dipped on Thursday as all three major indices closed lower. Profit-taking was apparent as the indices continued to set record highs this week. The Nasdaq closed 5% lower, whilst the S&P and Dow fell by over 3%. Apple…
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Gold Despite some initial highs seen earlier in the week, buying pressure has reversed in the yellow metal for the week. This caused the safe-haven to go negative on the week following a large sell-off on Wednesday. The sales seen…
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The precious metal remains weak as price fell for the second day. However, the pace of declines was limited as XAUUSD is currently helped by the long term rising trend line. With the Stochastics oscillator in the oversold level and the…
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The declines in oil prices continue as prices touched a one-month low at 40.20 on Thursday. The declines come following a rebound in the US dollar. With prices trading near the 40.00 level, we could expect the sideways price action to…
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The British pound sterling lost the 1.3300 level of support on Thursday. Price action remains biased to the downside. However, the declines might find support off the dynamic resistance from the rising trend line. To the upside, we…
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The euro currency continues its declines for the third consecutive day, as the ECB meets in a week's time. The common currency touched down to a weekly low of 1.1789 before pulling back into the start of the European session. The…
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P&G Shares Higher Again on Thursday Following a 1.7% rally yesterday, shares in Procter & Gamble (the largest global producer of consumer goods) are trading higher by 1.69% pre-market on Thursday. The US company has enjoyed…
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After the latest from the Fed's policy outlook, there is a renewed focus on employment figures from the US. Expectations are for jobs to be the guiding light of monetary policy, and therefore the dollar, for at least the next year.…
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The current AUDUSD structure hints at the formation of a cycle degree a-b-c zigzag. Corrective wave b is a complete triple zigzag and consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ . In the medium term, we could see a long decline in impulse wave c…
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CHFJPY has seen a previous test at the 118 area fail. Currently, the pair has maintained a bullish bias for the last four months. However, the bearish divergence on the momentum indicator hints to a move to the downside. A fall past the…
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