Orbex - Forex Trading Library

Greenback Shrugs Off Negativity on Encouraging ISM Data The US Index turned positive closing 0.15% up on Tuesday. Even though the index touched its lowest level in more than two years, upbeat ISM data helped the greenback gather…
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The precious metal made modest gains on Tuesday as prices fell back to the support area near 1987. As long as this support holds, we could see price action attempting to push higher. However, note that the lower high could indicate a…
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Oil prices are trading modestly higher but price action still remains below the 43.50 technical resistance. The downside is also supported as the consolidation in the commodity continues with a slightly bullish bias. The support level…
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The British pound sterling got a boost from a weaker US dollar as price briefly traded at a new one-year high of 1.3401. Price action is pulling back lower following this new milestone. The upside bias remains in place as long as the…
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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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