Orbex - Forex Trading Library

EUR/ USD Correction phase ; slopping upward 1.1188 On the short -term the market the market still ranging between 1.1000 and 1.1500 levels as awaiting a more data to decide the new mid-term direction. The market it was clearly…
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The Sterling pound enjoys both technical and fundamental elements that favor the ascending trend. The Monetary Policy Committee unanimously decided to maintain the interest rate and the settings of the Asset Purchase Facility program, while…
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The Central Bank of Japan left its monetary policy on hold during its monthly monetary policy meeting held earlier today. Recent economic data has been largely encouraging with the most recent quarterly GDP estimates rising 0.6%, from 0.4%…
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The US Dollar Index declined to lows below 93.70 as expected from our previous weekly analysis. Price saw a sharp reversal at this low and posted three straight days of gains, a correction to the decline which was much stronger than…
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Fed Minutes a mixed bag. Greenback holds on to gains! Key Notes: Japan Markit/JMMA Manufacturing PMI 50.9 vs. 50.3 China HSBC manufacturing PMI 49.1 vs. 49.3 France Flash manufacturing PMI 49.3 vs. 48.5; services PMI 51.6 vs.…
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Dow Jones: 18225 Continuation the uptrend On the longer-term as long as market trading higher than 17,000 us dollar for the index ;then it is an buy opportunity to target $20,000. . However , on the chart we can see the market…
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GOLD 1209 Wide Range Market - breakout on the edge On the short term view ; the market is ranging widely between major levels of 1170s and 1228s ; the breakout of one of these levels would push further the market on the direction of…
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Oil (5N) 59.75 - A new Contract 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 above key resistance 56.50, and…
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USD/JPY: 120.05 Japanese Yen consolidate further - breakout soon to catch up the market movement As market has recorded a higher price over 120 yen per us dollar ,succeeded to confirm breaching, and as we mentioned in our last…
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GBP/USD: 1.5675 Higher volatility & Uncertainty about the new political scheme at the political structure On the short-term , market bounced clearly to the downside and approached from the bullish channel’s support and bounced…
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