Orbex - Forex Trading Library

ECB cuts inflation and GDP forecasts. Accommodative to expanding QE beyond Sep’16 Key Notes: Australia AIG services index 55.6 vs. 54.1 previously Australia retail sales m/m -0.1% vs. 0.4% Spain services PMI 59.6 vs. 59.3…
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Dow Jones (DJI_5U) 16395 A rising channel … As shown on the chart the market is at the lower boundary of the rectangle patter ( the blue levels ) , and on the lower levels for the bigger rising channel at 17600/17500 levels (…
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Gold (XAUUSD) 1130 Gold penetrate !! A market hit the cheapest price for the yellow metal for the first time since March 2010. The market succeeded to reach the bearish channel’s resistance after breaching 1145 levels ( Penetrated it…
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Oil (CL_5v) New Contract 46.20 Longer consolidation phase, but no major changes on the fundamentals of that market After recording the lowest level of the year (41.35 levels) because of a material increase at supply side with a…
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USDJPY 120.40 Bullish Scenario still valid for the pair The market bounced upwards strongly after the sharp decline that happened, and need to stay above 118 , But the price needs to breach 120.50 level then 121.80 to open the way to…
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GBPUSD 1.5275 Recovering from the bottom with accelerated counter-trend move The pair on a major wide consolidation area, ranging between 1.52s and 1.60s level, as more of the major pair the ranging market which is expected to follow…
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EURUSD 1.1220 Higher Volatility,, On short-Term the market is ranging between the levels of 1.10 and 1.17, The market breached 1.1700 level, which activates the positive scenario to target testing 1.15 level as a first main target.…
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The European Central Bank meets later today at 1230GMT for its monetary policy meeting. While not much is expected in terms of changes to the existing monetary policy, the focus is likely to shift on the press conference. On the agenda will…
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Crude Oil maintains bullish view despite rise in weekly US stockpiles Crude Oil futures have so far managed to close higher with weekly gains of 1.85% at the time of writing. Yesterday's price action was bullish despite the weekly EIA…
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Australia marks the slowest pace of quarterly GDP growth Key Notes: Japan Monetary base y/y 33.3% vs. 33.2% New Zealand ANZ commodity prices m/m -5.2% vs. -5.5% previously Australia GDP q/q 0.2% vs. 0.4% Spain unemployment…
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