Orbex - Forex Trading Library

New dovish comments on the Australian landscape| Orbex
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Crude oil futures remain range bound Last week's OPEC meeting held in Vienna on June 5th, saw no major shifts from the production side of the business with the Oil producing nations leaving the production levels unchanged at 30 million…
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Greenback mixed on technical trading Key Notes: New Zealand manufacturing sales q/q -2.8% vs. -1% previously UK BRC Retail sales monitor y/y 0% vs. -2.4% previously Australia NAB business confidence 7 vs. 3 previously ANZ…
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Dow Jones: 17745 Continuation the uptrend ; with lower liquidity On the longer-term as long as market trading higher than 17,000 $ dollar for the index ;then it is an buy opportunity to target $20,000. . However , on the chart we can…
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GOLD 1181 Downside breakout On the short term ; the market has penetrated the levels of 1177 which was considered a major support area ( now resistance ) ; so , we do expect more downward pressure as the market holding below 1197…
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Oil (5N) 59.37 Short-term Correction ; buying pressure still exist On the short-term view ; the market has succeeded to continue pushing up the prices upwards gradually and still trading between 58 support and 63.00 resistance, and…
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USD/JPY: 124.15 Yen Breakout ! can not ignore the buying pressure ... Market has penetrated the resistance level of 121.50 and the consolidation pattern as well , and succeeded to confirm breaching the previously recorded top, which…
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GBP/USD: 1.5290 Higher volatility; more downside pressure On the short-term , market bounced clearly to the downside and break support and settled below the bullish channel’s support at 1.5500. while the negative effect still…
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EUR/ USD Selling pressure are generated 1.1268 On the short -term the market is ranging between 1.1000 and 1.1500 levels. The market Still trading above 1.1050 level after pushing the price to turn to rise again. Therefore,…
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EURUSD (1.1287): After the quick drop from the rising wedge/triangle pattern, EURUSD found support near 1.0977 region and promptly saw a reversal from here around 27th May 2015. The bullish engulfing candlestick pattern from this support…
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