Orbex - Forex Trading Library

EURUSD 1.0855 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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The scarce news release regarding prices has driven the financial market into a consolidation phase as for the start of this week. Even though there was an overnight drop in commodities due to Gold supply exceed, the greenback kept its…
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The EUR/USD closed the week on a lower stance, the incertitude of Greece’s headlines and the emergent state of the deal continuing to keep pressure on the trend. These echoes will still make an appearance in the future, inflicting movements…
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In early trading session on 20th July, prices of Gold crashed to hit a 5-year low as the precious metal was seen trading below the $1100 handle, to hit fresh lows near $1071.28. The move in the Gold prices came as a surprise as the…
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The British Pound Sterling emerged on the top last week, gaining 0.55% for the week. Despite a few hiccups in the economic data such as weaker than expected average earnings index and a relatively flat CPI numbers, the GBP got a boost as…
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AUDUSD (0.738): The Australian Dollar was relatively under pressure this week as the currency was trading near yearly lows, below 0.741 and with the US Dollar on a firm footing. There was not much of major economic releases from Australia…
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The US dollar is experiencing another episode of appreciation as Janet Yellen said that the interest rates will rise this year, as the economic conditions are likely to make this decision possible at some point this year. In addition,…
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The US Dollar Index, broke out to the upside within the sideways price action seen the week before. However, price is back into a previously held resistance level between 97.85 through 97.35. Plotting the median line to the new price…
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ECB maintains minimum bid rate at 0.05%, Kiwi slips as inflation misses estimates Key Notes: New Zealand business NZ manufacturing index 55.2 vs. 52 previously New Zealand CPI q/q 0.4% vs. 0.5% Australia MI inflation…
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With Greece stepping out of the picture, we can safely (but still with caution) turn our attention to China, which has reported a 7% growth in its GBP for Q2, exceeding the already positive forecast of 6.9%. The industrial sector output…
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