Orbex - Forex Trading Library

The current SPX500 structure suggests some further upside in intermediate wave (C). The corrective formation is part of the primary degree Ⓐ- -Ⓑ- -Ⓒ.  pattern. With primary wave Ⓐ   completed as a 5-wave impulse, wave Ⓑ   can be now…
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COVID-19 Death Toll Rising It will take some time before we find out just how far the impact of the Wuhan virus has stretched, and how much it has affected the world in terms of numbers. However, as things stand currently, the…
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NATURAL GAS (NGAS): Previsti Nuovi Ribassi S2: 1.705     S1: 1.735     R1: 1.815     R2: 1.905 Dopo l’affondo dai massimi in area 2 e frenata a ridosso del supporto a 1,645, le quotazioni Natural Gas hanno reagito ieri incontrando…
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The Impact of the Coronavirus Before going into the BOC meeting, we must address the coronavirus, and its impact on slowing down global activities and economic growth. Last week, we saw indices taking a large plunge. S&P 500 lost…
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The Federal Reserve Bank announced a surprise 50 basis point rate cut yesterday. The cut comes after Jerome Powell announced last week that the central bank will be ready to act if need be. The surprise measure taken by the central bank…
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The current USDJPY structure points at a wave e cycle-degree triangle pattern that hints at a standard zigzag consisting of primary waves Ⓐ-Ⓑ-Ⓒ. The bearish move from the last swing high has taken a 5-wave structure, hence, we see it as…
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The Institute of Supply Management will be releasing its survey results on non-manufacturing or services activity this week. The data covers the month of February. Investors expect a modest decline in the index. After rising to 55.5 in…
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Following Fed Chair Jerome Powell's speech last week, equities started off on a positive note. There is a wide consensus that central banks across the world will be cutting rates. This is because of the global economy being hit hard due…
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The current XAUUSD structure hints to a bullish 5-wave impulse consisting of primary sub-waves ①-②-③-④-⑤. Wave ③ of this impulse is a fully completed impulse, where the intermediate wave (1) is the leading diagonal, and the wave (4) is…
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The Institute of Supply Management (ISM) will be releasing the closely watched manufacturing PMI report today. According to the economists polled, forecasts point to a modest decline in the index. The ISM manufacturing PMI is forecast to…
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