Orbex - Forex Trading Library

The market and economists are pretty much unanimous in expecting the Fed to hold rates unchanged in the upcoming FOMC rate decision on Wednesday. That had been the forecast for quite a while. The big change, however, happened with the…
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Canadian dollar (USDCAD) stuck in a range The Canadian dollar (USDCAD) looks for further direction as price action remains stuck sideways. The pair remains in a long-term consolidation as 1.3770 is an important support to prevent…
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Crude prices resumed their downward trend on Monday, hitting lows not seen since April 8th in the middle of the post-tariff market selloff. If it were to close below $60/bbl, that would be the lowest since early 2021 in the middle of the…
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New Zealand dollar (NZDUSD) stuck in descending channel The New Zealand dollar (NZDUSD) attempted to claw back recent losses after Friday's NFP numbers missed the consensus. The pair has recently struggled against the greenback, which…
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USDCAD remains bearish Trade tariffs have been the centre of attention in the past few months as the worries over an upcoming recession seem more and more likely. As the greenback continues its sell-off, traders have given up on a…
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The Dow advanced above the key resistance of 40915 on big tech earnings. As we see over the chart, the market managed yesterday to test a downtrend line resistance and target of 41100-200 which could create a correction toward 40600 and…
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Gold hit some rebound before testing the support of 3187-93. As we see over the intraday chart, prices are facing resistance inside 3265-80 which could push again for another drop wave towards 3187-93. Above 3280, the advance scenario…
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Crude Oil rebounded yesterday and looking at the intraday chart, prices are in a downtrend around 59.90-60.25, which could look for another drop. Above 60.25 more advance will be expected with resistances around 61.50 and 63.50.…
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USDJPY so far managed to hold above the support zone of 144.00 and added more advance above 145.15. As we see over the chart and as long as the market holds above 144.00, more advance toward 147.15-30 will be expected. Below 144.00 a…
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