Orbex - Forex Trading Library

Shares in US tech firm Intel are trading a little under 0.5% lower pre-market on Thursday. The sell-off comes despite news that Intel has actioned a $10 billion stock buyback operation. The company announced on Wednesday that it is…
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Retail sales figures have replaced other important data such as employment as the chief focus of central banks. When they mention "fast indicators", among them are retail sales figures. We are waiting for the economy to return to…
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GBPCHF tested the 1.2017 high at the 61.8% Fibonacci retracement of the 1.1620-1. 2260 leg. At the time of writing, prices are pulling back towards the Ichimoku cloud. This is where the 38.2% retracement lies, by 1.1867. With a close…
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Mixed FOMC Minutes Support the Dollar The US dollar saw a correction across the board on Wednesday as the FOMC minutes revealed concerns regarding the road to recovery. Policymakers hinted at further aggressive stimulus measures and…
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Crude Inventories Fall Again Crude oil prices have remained buoyant this week as the latest data from the Energy Information Administration announced a further fall in US crude stockpiles. The EIA confirmed that in the week ending…
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The precious metal is trading on a weaker note on Wednesday following two days of consecutive gains. Price action is reversing direction just below the 1988 level of resistance. Ideally, we expect to see gold rising toward this level…
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Oil prices are trading a tad weaker with the OPEC meeting underway. No official word has been made so far, keeping oil prices mixed for the moment. With President Trump postponing trade talks with China, investor sentiment fell.…
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The British pound sterling made some gains intraday but gave them back rather quickly. Price action is holding up steady to the upside with GBPUSD targeting the 1.3300 handle. The current price action indicates that we could see…
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The common currency has resumed its bullish momentum, but prices are struggling near the trend line. The consolidation is likely to continue into the FOMC meeting, following which we could see a potential move in either direction. The…
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