Orbex - Forex Trading Library

EUR/USD 1.0890 Market manged at open to advance more above 1.0950 while managed to retreat before testing R1 1.0990 so far market showing support zone at 1.0800-35 , where as long as market holding trades above 1.0800 the chance…
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Crude Oil (WTI) is keeping its bearish trend, after posting 12-year lows last Thursday over the widespread concerns regarding the Middle East and China’s economic evolution. On the NYME (New York Mercantile Exchange), West Texas…
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The first trading week of the year 2016 got off to a rocky start with China at the epicenter. On the 1st of January, Chinese manufacturing PMI data was released which posted a flat reading of 49.7, down from 49.6 previously.  The decline…
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In a classic risk aversion week, the Japanese Yen emerged on the top with strong gains of 3.33% across the board. The week started off with the Chinese Stock market plunge which sent the global markets into a tailspin on concerns of a…
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AUDUSD (0.70): The Australian Dollar is down -3.91% for the week, as the currency is trading near 0.70, weekly low. The Australian Dollar remained weak since the start of the week falling steadily as China rattled the markets. Commodity…
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On Wednesday, UK's Markit/CIPS services Purchasing Managers' Index (PMI) revealed a stabilized growth in the country's service sector falling marginally to 55.5 from November's 55.9, still maintaining the survey's long-run average of 55.2 -…
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The US Dollar index has been trading flat for the week after establishing a range of nearly 1.585 points since this Monday. The volatile price action came about as renewed concerns of slowdown from China which saw the flight to safety.…
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China equities halted for the second time in a week. Markets remain in risk aversion mode Australia building approvals m/m -12.7% vs. -3.0% Germany factory orders m/m 1.50% vs. 0.10%; y/y 2.10% vs. 1.10% Germany retail sales…
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Dow Jones 16445 Market sustain drop rally as China halting trades for second time signaling ability for another global crises however our technical view saw the ability for 1000 pips drop as market fell below 16790 support level…
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Gold 1096 Market managed to full fit our target 1095-98 zone market also managed to print above 1100 zone where support for short-run at 1091 as long as market holding above 1091 the uptrend may extend toward 1130 and 1150…
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