Orbex - Forex Trading Library

GBP/USD: 1.5195 Pound under drop pressure market managed to hit 1.5035 low before rebounding last Thursday market rebound above support level of 1.5100 which indicating ability for farther rebound correction as long as…
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EUR/USD 1.1700 Euro tumbled after after Swiss Central Bank Ends Minimum Exchange Rate with Euro Short-run market managed to sustain drop movement as expected as Euro holds trades below 1.2040 market managed to hit 1.1570…
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Surprise Surprise!!! Swiss National Bank gives up on the EURCHF floor of 1.2 Cuts sight deposit rates or 3-month LIBOR to -0.75% Swiss Franc rallies across the board European equities trade in the Red Dollar Index declining on…
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The Australian dollar, which opened mixed this week was seen making gains led by a better than expected jobs report. Data for the month of December showed the unemployment change beating estimates rising 37.4k vs. 5.3k consensus while data…
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Key Forex Afternoon Notes: French CPI m/m 0.1% vs. 0$ forecasts ECJ ruling calls ECB’s OMT legal Eurozone industrial production m/m 0.2% vs. 0% US Core retail sales m/m -0.4% vs. 0.4%; retail sales m/m -0.9% vs. -0.1% US import…
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Avoid becoming overconfident after a winning streak Although forex traders tend to operate at their best in the forex market when they feel confident, overconfidence can arise in a person after a substantial set of winning trades. This…
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Dow Jones: 17480 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 1228 Gold between Haven & Dollar hike market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate as soon as this April while economic data from Europe and Japan showing…
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Oil (G5) 46.35 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: 117.00 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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