Orbex - Forex Trading Library

Earnings Higher But Details Reflect Damage Shares in US beverage giant Coca Cola are trading down 0.5% pre-market on Wednesday following the company’s Q2 earnings release yesterday. Coca Cola reported better than expected earnings per…
Read More

Traditionally, at this point in the economic cycle, emerging markets should be an appetizing currency play. As risk appetite returns to markets, we would expect emerging market currencies to strengthen as capital starts searching for…
Read More

EURGBP peaked just off of the 61.80% Fibonacci retracement of the 0.95-0.8670 leg. Since it reached the June high of 0.9176, the pair has slid as sellers stepped in in a premature attempt to avert further buying beyond the golden ratio…
Read More

Dollar Struggles Across the Board The dollar realized further declines on Tuesday as the index closed 0.58% lower. The coronavirus situation in the US is taking a further toll as cases arise. President Trump stated that the outbreak is…
Read More

CRUDE OIL (US Crude Oil): Tiene L’Argine Su Quota 40$ S2: 40.62     S1: 41.58     R1: 42.39     R2: 42.81 Il quadro tecnico generale evidenzia in linea teorica uno sganciamento dallo scenario che inizialmente prevedeva un incastro…
Read More

The precious metal rose to a fresh nine-year high after consolidating over the past few sessions. Price touched the 1841 levels intraday after breaking past the 1817.80 level of support. Further upside could see the precious metal…
Read More

Oil prices are bullish with price action gaining over 3% on Tuesday. The current gains came after oil prices managed to break out to the upside from the consolidation. Price action is also trading above the 42.00 handle. As long as…
Read More

The pound sterling is on track for a bullish continuation. After clearing the key price level near 1.2643, GBPUSD is likely to continue the uptrend. This puts cable within reach of testing the 1.2813 level in the near term. Any…
Read More

The common currency posted a fresh four-month high on Tuesday. The gains were driven by the news that the EU leaders agreed to a new EU wide grants package. This, alongside a weaker dollar, contributed to gains in the EURUSD. The…
Read More