Orbex - Forex Trading Library

The EURGBP or the Chunnel has seen a wild ride in 2015. The Euro initially declined against a fundamentally stronger British Pound back when speculation mounted that the ECB would do more at its December policy meeting. However, falling…
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The FOMC meeting minutes released yesterday from the Fed's December meeting showed that while almost all members were on board for a 25bps rate hike, it was a close call for some Fed members who were still concerned about core inflation…
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Crude Oil caught between oversupply and geopolitics Crude Oil prices are poised to close the week on a bearish note despite a short-lived bounce early on Monday on account of the diplomatic rift between Iran and Saudi Arabia. WTI Crude Oil…
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Risk aversion hits markets. Yen strengthens on geopolitical tensions and China Australia AIG services Index 46.3 v. 48.2 previously China Caixin services PMI 50.2 vs. 52.3 Spain services PMI 55.1 vs. 56.9 Italy services PMI…
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Forex price action; a rather broad term representing an aspect of technical analysis and yet means different things to different traders. For some, forex price action can be quite a complex while, for the rest, forex price action is as…
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Dow Jones 16860 Market managed to head to test support zone 16850 after breaking below 17000 as advised this week market facing support zone at 16790-16850 where below this zone market may open new downtrend wave which may target…
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Gold 1084 Market managed to hit above 1077 2 days ago which placed the support level at 1070 as long as market holding trades above 1070 the uptrend will sustain toward 1095-98 zone below 1070 expect farther drop toward 1050…
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Oil 35.00 As we see over the chart market seems heading to build falling wedge which may case a big rebound correction toward 56.00-58.00 zone over short-run. market may sustain trades inside 33.00 - 42.50 for the short run while…
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USD/JPY 118.45 As market managed to fell below support level of the uptrend channel market facing more drop pressure to sustain movement to test 117.00-25 zone as long as market holding trades below 120.65 the downtrend pressure…
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GBP/USD 1.4655 British Bound managed this week to retreat from first resistance 1.4815 where managed to hold the downtrend movement market so far build resistance at 1.4680 and 1.4725 where as long as market holding below 1.4725…
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