Forex Trading Blog and Market Insights

EURUSD Paring Losses. Will 1.2000 Be The Next Target?

Orbex Aug 13, 2020 259 0

The euro currency is trading somewhat stronger and is paring losses from the past few days. However, prices will need to rise above 1.1876 to fully recover from the slump earlier. Right now, the currency pair is consolidation near the…
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Stocks

Danone Shares Under Pressure After Earnings Miss

Orbex Aug 12, 2020 485 0

Poor Q2 Earnings Shares in French food giant Danone remain a little soft this week following a subdued Q2 earnings report. The French food group posted earnings per share of 1.55 in Q2. EPS estimates of 1.69 were missed as a result of a…
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Technical Analysis

USDCHF Triple ZigZag On Its Way?

Roman Onegin Aug 12, 2020 1,513 0

USDCHF suggests a bearish wave z consisting of primary corrective sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.The move takes the form of a triple zigzag. Prices are currently structuring a primary wave Ⓧ which takes the form of a flat (A)-(B)-(C). With (A) and…
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Fundamental Analysis

Preview: US Weekly Jobless Claims & July Retail Sales

Daniel John Grady Aug 12, 2020 849 0

You would think that with a huge spike in unemployment in the United States, it would be easy for businesses to find employees. However, according to the NFIB, the largest small-business lobbying bureau, it seems to be the opposite.…
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Technical Analysis

EURGBP Bulls Push For Fresh Highs

David Kindley Aug 12, 2020 709 0

The EURGBP has recorded a continuous bullish move from the low of 0.8670 to a high of 0.9173. However, the momentum indicator hinted at a trend reversal from the recent bullish and standard divergences. Despite this, bulls are keeping…
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Fundamental Analysis

Gold Drops as Risk Reverses

David Kindley Aug 12, 2020 1,252 0

Dollar Keeps Its Handle The US index closed positively for the fourth day in a row as continued talks of a stimulus package remain hopeful. The dollar is reacting to the strong producer price index (PPI) data from the US yesterday. This…
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Italiano

Equity: Distribuzione Ben Organizzata, Ma Si Sale

Fabio Michettoni Aug 12, 2020 419 0

USDCHF(USDCHF): USD Trova Un Supporto Su CHF S2: 0.907 S1: 0.912 R1: 0.92 R2: 0.923 Abbandona il supporto a 0.937 USDCHF che, in avvitamento ribassista, ha violato quota 0.918 trovando poi un momentaneo sostegno in area…
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Technical Analysis

Gold Slips To A Two-Week Low

Orbex Aug 12, 2020 608 0

The precious metal is posting its first proper correction in nearly three months. Gold is down over 3.5% intraday after it broke out from the rising price channel. The support area near the 1967 handle has also given way. The current…
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Technical Analysis

Will Oil Prices Push Higher?

Orbex Aug 12, 2020 402 0

WTI crude oil managed to break out of the 42.00 ceiling on late Monday. However, following a brief rally above the 42.00 level, the commodity is seen pulling back. We expect the 42.00 price level to be tested once again. There is also a…
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Technical Analysis

GBPUSD Retesting The Resistance Level

Orbex Aug 12, 2020 301 0

The British pound sterling managed to make some very modest gains on Tuesday. Price action was steadily rising only for the gains to be capped near the 1.3122 level once again. This could potentially see the pound sterling pushing back…
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