Orbex - Forex Trading Library

The end of last week brought a release from Markit over the German private sector economy for October. According to latest data, the activity improved peaking to a 2-month high in the service niche which overshadows the drop in the…
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The US Dollar managed to emerge on the top last week led by steep losses in the Euro, which closed the week -2.96% lower. The ECB's willingness to expand its QE program led the Euro to drop in anticipation of further QE to be announced in…
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AUDUSD (0.72): The Australian Dollar has remained subdued this week trading most flat. The RBA's meeting minutes released earlier in the week showed that the Australian Central Bank remained comfortably with current interest rates and the…
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On Wednesday, the Canadian dollar spiraled downwards against the American dollar in the post-BoC (Bank of Canada) press release, sending the USD/CAD pair almost over the 1.3080 threshold. BoC’s press release was regarding the monetary…
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ECB holds rates steady. Draghi signals QE decision to be taken in December UK Retail sales m/m 1.9% vs. 0.4%; Core retail sales m/m 1.7% vs. 0.4% ECB holds rates steady at 0.05% Canada retail sales m/m 0.5% vs. 0.1%; Core retail…
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DOW .. (DJ_5z) 17085 Dow jones , which has the major debate at market , most of the analysts is expecting a drop , however , this is not the case which we do expect , we still see more buying pressure , which then a higher prices is…
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XAUUSD 1167.70 Gold was enjoying the weak dollar for the last upward wave! market would correct till the levels of 1140s. We do see the market at higher prices, 1200s is awaiting target as long as the market is not below 1140s.…
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Oil (CL_5Z) New Contract 45.81 Oil has corrected its recent upward breakout, now we do expect a higher price to come and re-test for the recent high roughly @ 50s. However, if the market fell below 44s, then a lower price of 42-41…
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USDJPY 119.72 USDJPY, as the general market condition, the Japanese Yen is trading between 119 & 120, which we are awaiting one of them to be broken to have a higher probability for the new direction In case the market has an…
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GBPUSD 1.5475 GBPUSD TRADING WITHIN A RANGE AT THE SHORT-TERM 1.5490. 1.5380 would be the upper and lower range for that range, successful break for one of them then it will be the new short-term direction. Support Resistence…
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