Orbex - Forex Trading Library

Cable is trading weaker on Tuesday, although it's quite likely that prices might close flat. The pound sterling is trading weaker right after price rallied to a three week high. Following another feeble attempt to break past the…
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The euro is trading about 0.5% higher on Tuesday. The gains have pushed the common currency to briefly rise above the 1.1400 level intraday. A daily close above this level will confirm potential gains to come in the near term. However,…
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Pfizer Gaps Higher Shares in Pfizer gapped up by almost 3% from Friday’s close at the US open yesterday. They are up another 0.54% pre-market on Tuesday as traders digest positive news regarding its vaccine development. On Monday, it…
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The general consensus surrounding the major central bank meetings in July is that they will stand firm on the current policy. There are important economic events happening over the next few weeks to support this view. The release of…
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EURNZD held its ground in the Europen morning, however, faces a big resistance near 1.74. The area is marked by the 23.6% Fibonacci retracement of the bearish leg starting at 1.8268. Despite weak demand for the euro has kept the pair…
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Investors Find Safety in the US Dollar The US index rose from 96 lows on weaker equities, ending the session mixed. This came as parts of California fell back into lockdown. Tensions arose after the US rejected China’s territorial…
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The precious metal is trading comfortably above the 1800 level on Monday. Price action briefly dipped to the psychological round number level to establish support. However, we see a lower high forming near the top. If gold prices fail to…
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Crude oil prices are trading mixed, following last Friday's bullish close. However, failure to breakout above the 40.00 level has kept price action subdued. The OPEC member nations including Russia are due to meet this week.…
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The pound sterling is trading mixed on Tuesday. Following last week's rally to the 1.2643 level, the GBPUSD has failed to breakout above this level. This has pushed prices lower threatening the rising trend line. At the time of…
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