Orbex - Forex Trading Library

The S&P500 index finally managed to break out from the previous all-time highs near 3389. Price action comfortably broke past the previous highs set. The equity index has also erased all the losses from earlier this year. The…
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The precious metal recovered from the declines from Thursday as Friday's price action pushed price higher. Gold prices settled near 1963 into Friday's close. A familiar resistance level price action on the intraday charts was somewhat…
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Oil prices closed slightly bearish on Friday but on a weekly basis, the commodity has logged four weeks of consecutive gains. Price action pulled back just after rising to a five-month high earlier in the week. The key resistance level…
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The British pound sterling managed to renew its bullish moment with prices closing above the 1.3300 handle for the first time in a year. This pushes the currency pair to a one year high. However, in the near term, GBPUSD will need to…
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The euro currency pared losses and recovered from Thursday's declines. By Friday's close, the common currency closed back near the 1.1900 handle. Price action is testing this level for the second time. A daily close or a weekly close…
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Shares in US the giant Apple are trading a little over 1% lower pre-market on Friday. Despite the slight selling seen ahead of the US open today, Apple shares remain only slightly off the all-time highs posted last month. These highs were…
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Before trading gets firmly underway next week, we get the release of pivotal PMI data out of China. And it starts with the official NBS figures. The consensus is for the indicators to drop slightly, but there is also reason to suspect…
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GBPAUD remains on a bullish footing in the long term as prices trade within an ascending channel. The momentum began towards the end of July. A breakout above the upper channel at the beginning of August faced resistance, leading prices…
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