Gold – 11.12.2024 – Orbex Forex Trading Blog

As indicated by the Bollinger Bands width indicator, the EUR/USD market remained relatively subdued in February, with the indicator twice retreating towards its lower boundary. However, price action over the past two sessions suggests renewed activity — the range formed between 11 and 17 February has been broken to the downside by sellers. From a…

GBP/USD gained almost 0.75% on Monday, bouncing from Friday’s low close to 1.3220 to settle on the high side of 1.3300. The session’s recovery looks corrective rather than the start of a new trend; the pair remains in a clear downtrend from the late-January high near 1.3870, and Monday’s candle has yet to challenge the…

Fintech firm Wise reported a 24% year-on-year increase in cross-border volumes for the third quarter of fiscal year 2025, reaching £37.8 billion.  The company said in its third-quarter results that its growth was driven by its expanding customer base, which now totals over 9 million active users, marking a 20% increase from the previous year….

Daily Pivots: (S1) 0.6681; (P) 0.6738; (R1) 0.6769; More… AUD/USD’s breach of 0.6696 support indicates that 0.6823 is already a short term top and deeper correction is underway. Intraday bias is now on the downside for 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though,…