Orbex - Forex Trading Library

EURJPY Surges as ECB Props up Economy The euro rose to a 13-month high against the Japanese yen as markets unwind their safe-haven bets. Broad optimism has found support from the ECB’s latest effort to stimulate the bloc’s economy.…
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Last week’s highlights Australia Q1 GDP contracts Australian GDP contracted for the first time since 2011 in the three months ending March 2020. Economic activity during the period fell 0.3%, which was in line with the median forecasts.…
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The S&P500 managed to hit the ascending triangle chart pattern target of 3188 last week. The gains came on a successful breakout of the resistance level near 3000. With minimum retracement, the stock index moved steadily higher…
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The precious metal was down almost 1.7% on Friday amid a resurgence of bullish sentiment in the market. The risk-on factor pushed gold prices to slip to a five-week low before recovering slightly. The bias remains flat despite the…
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WTI Crude oil maintains a strong bullish momentum. Prices are now within reach of the key $40.00 price level. By Friday’s close, crude oil rose to a three-month high of $39.76. In the near term, the gains will likely see the 40.00 level…
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The British pound managed to rally on the last leg as price broke past the price level and target of 1.2643. The currency pair is now at a three-month high following a softer USD. While there is scope for further gains to continue, we…
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The euro currency gave back some gains on Friday, closing on a bearish note. But, this came right after prices reached a new three-month high of 1.1382. Despite the pullback, the bias in EURUSD remains to the upside. Unless there are…
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NZDUSD seems to be developing a bearish Ⓐ-Ⓑ-Ⓒ zigzag of the primary degree. Wave A formed a 5-wave impulse pattern, whereas wave Ⓑ seems incomplete. Its current structure suggests a standard zigzag consisting of intermediate sub-waves…
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Warren Buffett is probably the most well-known equity investor in the world today. And it's not just because he has managed to amass a significant amount of wealth. Buffett's unique investment style has gotten a lot of attention. In…
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EURNZD inserted the ascending regression channel on June 2, when it broke through the 1.7550 support. Despite trading within a bullish channel, entering it could lead to further weakness towards the lower region of the 6-month long…
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