Orbex - Forex Trading Library

US energy company Chevron is due to report earnings on Friday. Earnings per share is forecasted at  -$0.89. In Q1 the company reported earnings of $1.93. This was well above expectations of a $0.65 EPS. However, as a result of the…
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There is a universal consensus that the Fed will leave the interest rate where it is, but that doesn't mean there aren't other policy changes that could happen. We have  reason to think that the Fed might be worried about the economy. There…
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AUDJPY entered consolidation after a bearish pullback at the cloud top. It found support at 74.95. Above the 75.20 zone, price action suggests an upside move. The said level is a confluence of the 61.8% and 38.2% Fibonacci retracements.…
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The precious metal surged ahead as it hit a new all-time high record. Gold prices rose to intraday highs of 1945.52 as it continues its bullish momentum. The gains come amid fears of economic recovery as well as more stimulus packages…
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Oil prices are trading below the 41.00 handle at the time of writing. The commodity is down over 1.5% intraday. Even a weaker USD has failed to lift oil prices higher. The declines come amid concerns of weaker demand. If oil prices close…
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The Pound sterling is also lifted by a weaker greenback. Price action rose to nearly a 5-month high on Monday. On an intraday basis, GBPUSD pushed toward 1.2902 before pulling back slightly. Given the current momentum, GBPUSD could be…
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The euro currency rose to a new 22-month high after prices rose to intraday highs of 1.1781. The rapid appreciation in the euro comes as the dollar turns weaker. EURUSD has been in a steady uptrend and has gained almost 3% in a matter of…
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The USDCHF structure hints at a triple zigzag ending in wave z. The cycle degree correction consists of a primary degree Ⓐ-Ⓑ-Ⓒ zigzag. Wave Ⓐ of z ended in a 5-wave bearish impulse. Whereas, wave Ⓑ ended in a triangle consisting of…
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Credit Traders Leave Over Pay Cuts Shares in Deutsche Bank are trading 1% lower pre-market on Monday as the market reacts to news of further exoduses from the company’s esteemed credit trading group. Deutsche Bank has suffered a steady…
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Pfizer Revenues Expected to Slow in Q2 Pfizer reports the last quarter's results on Tuesday, July 28th at 6:45 EST (12:45 CET). A press conference will be held at 10:00 EST (16:00 CET) Top and bottom-line expectations: Earnings per…
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