Orbex - Forex Trading Library

Consumer price inflation in the world's second largest economy showed continued weakness as prices rose 1.2% in the month of May. Producer price index for the month showed a continued decline of -4.6% for the month of May. With growth…
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EURUSD Daily Pivots R3 1.1475 R2 1.1377 R1 1.1243 Pivot 1.1145 S1 1.1013 S2 1.0915 S3 1.0782   EURUSD (1.1099): EURUSD closed on a bearish candlestick note on Friday after a failed…
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The publication of the NFP report was the long awaited evidence that the US economy is able to get out of the struggle from the first quarter. Together with the 280k NFP, the Unemployment Rate increased to 5.5% (representing the number of…
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Rumors and speculations keep the currency markets busy Key Notes: Japan Current Account 1.27tn vs. 1.45tn Japan final GDP q/q 1% vs. 0.7%; final GDP price index y/y 3.4% vs. 3.4% Japan Bank lending y/y 2.6% vs. 2.6% previously…
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Dow Jones: 17830 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 1173 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) 58.52 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: 125.29 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: 1.5250 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 1.1140 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, and…
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