The U.S. Dollar posted strong declines on the first trading day of November. The declines pushed most of its peers, such as the Euro and the British pound including precious metals higher on the day. Economic data saw the release of the…
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Fundamental Analysis

U.S. Advance GDP 3.5% in Q3 2018 – Initial estimates

Orbex Nov 2, 2018 335 0

The U.S. Department of Commerce released its quarterly GDP report on Friday last week. Driven by strong consumer and government spending, the U.S. economic engine continued to power ahead. However, the outlook from weaker business…
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Fundamental Analysis

Fundamental Fun with Orbex – October NFP

Daniel John Grady Nov 1, 2018 520 0

The macroeconomic event getting all the attention this week is the release of last month's US Non-Farm Payrolls (NFP), which is expected at 8:30 EST (13:30 CET). Along with the release is a host of other important employment data. Here are…
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Trade Ideas

Gold – Broken higher from a triangle pattern to complete a short term bottom

Joe Neighbour Nov 1, 2018 413 0

Gold – Broken higher from a triangle pattern to complete a short term bottom. Weekly: The sideways consolidation continued although the market managed to post a significant low at 1160. Levels close to the 78.6% pullback level of 1174…
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