Orbex - Forex Trading Library

Key Forex Afternoon Notes: Australia manufacturing index 49 vs. 46.9 previously Japan final manufacturing PMI 52.2 vs. 52.1 China HSBC final manufacturing PMI 49.7 vs. 49.8 Spain manufacturing PMI 54.7 vs. 54.1 Switzerland…
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Dow Jones: 17170 Equity on trading zone Dow managed to hit zone of 18000-100 last year which provided good zone to re-short-sell market as we advised before as long as market holding trades below 18100 will expect some drop…
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GOLD 1277 Gold on demand as haven market jumped into haven Gold after SNB announced last week the ending of exchange rate cap with Euro which placed demand for haven over short-run while European finance ministers agreed to…
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Oil (H5) 49.30 Oil tumble after OPEC decision with no supply cut Oil prices sustain drop after OPEC meeting where countries agree that no supply cut action Market managed to add more drop pressure after the International Energy…
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USD/JPY: 117.60 Japanese Yen on uptrend wave Short-run market managed to obtain drop correction after testing resistance level of 120.80 market showing ability to sustain the drop correction , where as long as market holding…
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GBP/USD: 1.5035 Pound under drop pressure market managed to fell after ECB announced QE program , while market managed to break below 1.5035 which initiate new downtrend wave that may target 1.4800 as first target as long as market…
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EUR/USD 1.1335 Euro tumbled after ُECB Draghi announced bigger QE Euro slump after Mr. Draghi announced bigger than expected quantitative easing which placed new drop pressure over Euro market managed to rebound this week…
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The most important economies in the Asian region (China, Japan, South Korea and India) seem to share a number of problems while some macroeconomic indicators seem to make a difference. The official PMI, which is biased towards large Chinese…
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What goes up must eventually come down. And probably that is the question on everyone's mind this week in regards to the US Dollar, which has enjoyed months of uninterrupted bullishness, to a point that it’s starting to get a bit boring.…
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Weekly Forex Forecast: 2nd to 6th February The major event of last week was the monthly FOMC which saw the Fed members committed to hiking interest rates any time after April, despite a slew of weaker than expected economic data. The US…
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