Orbex - Forex Trading Library

Euro, GBP under pressure on dovish ECB and BoE views Today’s Economic Data: UK RICS house price balance 44% vs. 54% Japan Core machinery orders m/m -5.7% vs. 3.3% Japan current account 1.59 trn vs. 1.28 trn Switzerland…
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DOW .. (DJ_5z) 16761 Dow Jones still trading in high volatility range, the market in a reversal to upward mode .We do expect the levels of 16000s would hold on the short-term and a re-test for the resistance 17000 are expected.…
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XAUUSD 1144.60 Market has broken the mid-term down trend at the levels of 1120s , as long as the market trading higher than these levels then on the short-term the higher probability move would be upward with increasing buying…
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Oil (CL_5X) 48.07 Failure descending triangle, the price is failed to break triangle to downward. However, the market confirmed for breakout of that pattern and break 49 level. Now oil price continues its bullish rally, and near…
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USDJPY 119.87 No change on Japanese Yen !! Nothing to be said in the range market, technically, we are awaiting a successful breakout for the shown symmetrical triangle. So, 121 & 119.20 we will consider it the upper band and…
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GBPUSD 1.5320 GBP-USD, with an increasing buying pressure, so, with this new development the most probable scenario is a short up trend toward 1.5405 level that’s will extend the bullish wave to reach 1.5600, while the bullish bias…
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EUR USD 1.1290 EUR USD is trading now above the descending triangle, and we still seeing the buying pressure is stronger than the selling pressure within that pattern, so the breakout of that pattern would be to the upside. So, we need…
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The Bank of England is due to meet today at 1100 GMT as expectations call for the BoE to keep its policy unchanged. Of particular interest will be the MPC votes which as of the last meeting saw one dissenter voting in favor of a rate hike.…
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Crude Oil breaks range, supported above $44.48 Crude oil prices showed the bullish momentum building up with prices staging a strong rally earlier this week ahead of the weekly crude oil inventories report. Data released by the EIA…
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Bank of Japan leaves policy intact. QQE unchanged at 80tn Yen Today’s Economic Data: Australia AIG construction index 51.9 vs. 53.8 previously UK BRC Shop price index y/y -1.9% vs. -1.4% previously BoJ leaves policy unchanged…
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