Orbex - Forex Trading Library

Oil (CL_5U) New Contract 45.80 Longer consolidation phase, but no major changes on the fundamentals of that market After recording the lowest level of the year (45/44 levels) because of a material increase at supply side with a…
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USDJPY 123.95 Bullish Scenario still valid for the pair After penetrating the bullish consolidation pattern; the market would still bullish unless the market is traded below 121.80/120.50. Market has rebounded after recording the…
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GBPUSD 1.5605 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 1.0975 Higher Volatility with higher uncertainty On short-Term the market is ranging between the levels of 1.08 and 1.13, any penetration of the market of one of those levels would push the market further on the breakout…
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Aussie surges on better retail sales and RBA non-event Key Notes: Japan monetary base y/y 32.8% vs. 32.2% New Zealand ANZ Commodity prices m/m -11.2% vs. -3.1% previously Australia Retail sales m/m 0.7% vs. 0.5% Australia…
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The Reserve Bank of Australia released its monetary policy statement earlier today and decided to leave interest rates unchanged at 2%. The RBA noted that it expects the US Federal Reserve to hike rates this year while noting that on the…
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The beginning of a new month is generally a busy time for the markets especially with important economic indicators such as unemployment rates and monetary policy decision meetings. This week, the currency markets will see a lot many…
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Markets open to a busy Monday! Key Notes: Australia AIG manufacturing Index 50.4 vs. 44.2 previously Australia MI inflation gauge m/m 0.2% vs. 0.1% Australia HIA new home sales m/m 0.5% vs. -2.3% previously ANZ Job…
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Dow Jones (DJI_5U) 17623 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) 1091 Gold penetrate !! A market hit the cheapest price for the yellow metal for the first time since March 2010. The market broke a declining symmetrical triangle, 1225 and 1162 represent the expected trading range for…
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