Orbex - Forex Trading Library

The euro currency ended in the red on Friday after price action fell back to test the familiar support area near 1.1750. The declines came following an attempt to breakout above the previous highs near 1.1900. For the moment, we see a…
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Shares in the US credit card company American Express are trading higher by half a percent pre-market on Friday. The company’s stock price has traded in a very tight, shallow range over recent weeks. This is despite the company posting a…
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The recent weakness of the US dollar seems a cause for concern for investors. Further lockdowns following Covid-19 related infections and high unemployment have weighed down on the greenback. The US Indices are climbing higher however,…
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The current XAUUSD structure suggests a cycle impulse V. It has so far completed its first four waves. The market is currently forming a bullish impulse wave ⑤ of the primary degree. This consists of intermediate sub-waves…
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Ever since the Fed announced its latest round of unprecedented QE to fight the pandemic in March, economists have been debating whether we can expect an extended period of inflation or deflation. There are a lot of factors that fit into…
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Employment Data To Lift Dollar Gloom? The US index looked firmer on the opening session this morning as it regained a foothold above 93. This comes after recording new 2020 lows from the end of last week. Increased hopes of a deal in the…
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USDJPY (USDJPY): Dollaro In Sofferenza Contro Lo JPY S2: 105.01     S1: 105.29     R1: 105.86     R2: 106.15 Il cambio USDJPY dopo aver mostrato una buona reattività in area di supporto a 104 frena a quota 106.40, a ridosso della…
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Gold It’s been another impressive week for the yellow metal which has broken out to new all-time highs. The continued sell-off in the US dollar is helping to keep gold prices well supported. So too are the ongoing concerns over the…
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The precious metal broke a new record with prices easily trading above the $2050 handle. This puts gold prices, up over 4% this month already. It comes on the back of a solid four-month gain, which has seen a 25% increase so far.…
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Crude oil prices briefly shot up higher, rising close to 43.50 before giving back the gains. Price action fell back to the 42.00 handle and support looks to be firm here. But if the consolidation continues, then oil could possibly be…
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