Orbex - Forex Trading Library

GBPUSD 1.5448 GBP-USD, with an increasing buying pressure, so, with this new development the most probable scenario is a short up trend toward 1.5480 level that’s will extend the bullish wave to reach 1.5600, while the bullish bias…
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EUR USD 1.1350 EUR USD success to break the descending triangle, and now we still seeing the buying pressure is stronger. As long as market higher than the levels of 1.1230s then an upward move to 1.16s is the higher probable move,…
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On Thursday, China released the latest CPI (Consumer Price Index). Results came in at +1.6% yoy (year-on-year) but failed to meet the expected +1.8%, the main price growth being in the food sector. The PPI (Producer Price Index) read +5.9%…
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US Consumer Inflation edges to 1.9% annualized in September New Zealand Business Manufacturing index 55.4 vs. 55.1 previously Australia MI Inflation expectations 3.5% vs. 3.2% Australia employment change -5.1k vs. 7.2k;…
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Markets look to today’s Crude Oil inventory report and US economic data Crude Oil prices have turned weaker over the past 4 days with prices currently down -6.69% for the week to date. Prices briefly touched the weekly highs of 50.12…
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UK unemployment data continues to grow. Average earnings misses estimates Australia Westpac consumer sentiment 4.2% vs. -5.6% Japan PPI y/y -3.9% vs. -3.9% China CPI y/y 1.6% vs. 1.8%; PPI y/y -5.9% vs. -5.9% France CPI m/m…
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The precious metals markets enjoyed a strong rally over the past few weeks but the bull rally is due for a short term correction. The bias remains to the upside for both the Gold and Silver markets. For the week, Silver is up 0.12% while…
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The Chinese trade balance came in yesterday at 376.20 billion Yuan, with an expected value of 292.41 billion Yuan, versus a last reading of 368 billion Yuan. China Customs, quoted by Bloomberg (Reuters), declared that the decay in exports…
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GBP dives on UK inflation data UK BRC retail sales monitor y/y 2.6% vs. -1.0% previously BoJ releases monetary policy meeting minutes Japan Bank lending y/y 2.6% vs. 2.7% Australia NAB business confidence 5 vs. 1 previously…
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DOW .. (DJ_5z) 17050s Dow Jones still trading in high volatility range, the market in a reversal to upward mode .We do expect now the levels of 17350 . However, the new mid-term uptrend would be expected and the market’s target…
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