Orbex - Forex Trading Library

GBPUSD managed to hold below the resistance of 1.3590 and dropped towards 1.3493, whilst support at 1.3480 kept the advance wave ongoing. The resistance zone is now around 1.3590-1.3620 and above this zone more advance will be…
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The Euro remains above the support trend at 1.1660-80 which still indicates a further advance towards 1.1830 and 1.2000. Below 1.1660, this could push for a drop with Intraday supports at 1.1575 and 1.1515. SUPPORT…
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( UK100 ) FTSE grinding higher The ( UK100 ) FTSE continued its progressive behaviour after sinking towards 9000 at the beginning of the month. A break above the cluster of levels around 9250 has triggered a boost of short-term long…
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(EURUSD)Euro remains bullish The (EURUSD)Euro advances as the pair moved over 300 pips in recent sessions, as the greenback remains on the back foot. With last week’s inflation report showing a jump, this managed to limit the…
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Economists have been noting with some concern a global trend of rising long-term bond yields. Interest rates are one of the key drivers for currency movements, so it's something forex traders should take note of. Long-term yields function…
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AUDUSD pushing for a rebound The Australian dollar continues to climb after hitting a full recovery. The pair's previous struggle to stay above 0.6600 forced some buyers to liquidate their positions. However, another bullish run has…
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After a couple of weeks of political turmoil in the UK, traders can now turn to some hard data. Friday's release of the monthly GDP could be a crucial piece for figuring out where cable will be headed in the medium term. All eyes are on the…
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The Dow managed to test the resistance zone of 45700-50 several times in the last few days as prices still hold below it. As we see over the Intraday chart, the market support is at 45370 whilst resistance is still at 45700-90…
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Gold extended the  correction just ahead of US Inflation data while prices close towards the at support 3605-11. If this support manages to hold, then a rebound with a trading zone toward the resistance of 3637-40 could control…
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