Orbex - Forex Trading Library

The consensus among economists is that inflation in the UK accelerated in April. But, this is not expected to shift the outlook for the BOE, because the increase is baked into the model. But, it does provide a platform to keep the pound…
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USOIL (WTI OIL) feeling the pressure USOIL (WTI OIL) fell over 1% again as geopolitical tensions continued to simmer. The price has given up some of its monthly gains, and the bearish bias could attract more selling interest. A drop…
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Gold managed to hit the target zone of 3230-60 again today. As we see over the chart and as long as the market holds below the resistance of 3230-60, another drop swing toward the 3120-50 support zone has a chance. Above 3260 more…
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The Dow managed to meet the target of 42560 with a strong chance still ongoing toward the second target of 42835. As we see over the chart and as long as the market holds Intraday trades above 42100-200, the advance could push toward the…
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USDJPY managed to drop today to hit a 144.80 low. As we see over the chart prices could head again for another advance toward the resistance zone at 148.20-60. Below 144.40-80 the market could head for a further drop towards…
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Crude Oil hit the targets of 61.50 and resistance 63.50 whilst dropping and closing again to support zone of 59.50-90. As we see over the chart and as long as the market holds above the support of 59.50-90, another advance wave toward…
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The Pound still hold below the downtrend resistance zone which is now around 1.3325-60. As long as the market holds below this resistance zone, another drop will be expected to test the 1.3200-20 zone while below this level more of a…
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The Euro managed to print a 1.1065 low and rebounded towards the resistance zone at 1.1265. So far, this trading zone still holds the market. Above 1.1290 more advance toward 1.1380-1.1425 could hit the market. Below 1.1030 a further…
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Markets are generally expecting a rate cut from the Reserve Bank of Australia (RBA) at the conclusion of Tuesday's meeting. But there is a wide range of disagreement about what could happen. The majority is inclined for a 25 bps cut. But…
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