Forex Trading Blog and Market Insights

NZDUSD Bearish Impulse Eyes 0.631

Roman Onegin Aug 14, 2020 1,481 0

The NZDUSD pair hints to a bullish triple zigzag. The structure consists of five sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of a primary degree. The first three parts are completed with the market moving to a bearish intervening wave Ⓧ. A standard zigzag…
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How Does the Stock Market Work?

Daniel John Grady Aug 14, 2020 2,785 0

One of the more common recurring myths is that the stock market is basically some kind of gambling. It's a common trope in movies and TV shows. But the only way gambling is involved is that several gambling companies have shares that are…
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Stocks

Visa Pulls Full-Year Outlook Due To Pandemic

Orbex Aug 14, 2020 497 0

Shares in US payments firm, Visa, are trading 0.43% lower pre-market on Friday. However, the stock has remained broadly well supported following a positive Q2 earnings report at the end of last month. It has seen the company’s share price…
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Technical Analysis

GBPJPY Looks To Break From Lower Highs

David Kindley Aug 14, 2020 393 0

From a long term perspective, the GBPJPY’s failed bid to push out of the Ichimoku cloud eyes a downturn. This is despite currently trading with an upside bias. The momentum indicator currently hints at a divergence to a shift in the…
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Fundamental Analysis

US Stimulus Fails To Materialize

David Kindley Aug 14, 2020 413 0

Dollar Takes a Step Back After Recent Optimism The US Index saw a slight progression as the weekly unemployment claims dropped below one million for the first time since March. However, this could not prevent the US index from closing…
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Italiano

Venti Deboli Di Correzione Per I Mercati Azionari

Fabio Michettoni Aug 14, 2020 505 0

S&P500(SPX500): Fatica Ad Agguantare I Massimi S2: 3,339.8 S1: 3,356.6 R1: 3,389 R2: 3,404.6 Malgrado una buona spinta rialzista l’indice S&P500 non ha ancora ripreso i massimi di fine febbraio visti in area…
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Fundamental Analysis

Metals Markets Reverse on Treasuries Move

Orbex Aug 14, 2020 1,351 0

Gold The yellow metal has seen plenty of volatility this week. A steep sell-off earlier in the week saw price peeling away from recent all-time highs. However, the dip quickly found buyers and price has managed to stem those earlier…
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Technical Analysis

Gold Posting A Modest Recovery

Orbex Aug 14, 2020 329 0

The precious metal is seen rising from the three-week low it hit earlier this week. Price action is currently up over one percent intraday as it approaches the 1967 level where we might see some resistance building up. A close above this…
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Technical Analysis

WTI Crude Oil Holds Steady Above 42

Orbex Aug 14, 2020 307 0

Oil prices are holding steady despite fresh EIA forecasts released on Thursday. The data showed a lower demand for crude oil for this year. But the commodity has brushed aside the report. With 42.00 cleared, we could expect price to…
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Technical Analysis

GBPUSD To Retest The Resistance Level Once Again

Orbex Aug 14, 2020 289 0

The British pound sterling is back on track to retest the resistance level near the 1.3122 region once again. This comes as price action has made a gradual lift off from the lower end near the 1.3000 level earlier in the week. But the…
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