Orbex - Forex Trading Library

GBP/USD: 1.5655 Back to down trend Market still holding short-run trades between 1.5590 - 1.5790 market still have chance to hold this short-run trading zone , while as long as market holding trades below 1.5870 the downtrend…
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EUR/USD 1.2340 EURO under drop pressure as we see over the chart, market still holding trades below downtrend swing where resistance now laying at 1.2500-10 zone market managed today to hit below 1.2350 in signs that ECB will…
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Will Crude see a rally to $73? With the main OPEC event done with and Crude prices plummeting to multi-year lows, the price action since the start of this week saw Crude oil ease from its lows of $64 levels. Main stream analysts are…
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ECB likely to leave policy unchanged The European Central Bank will be meeting this Thursday, December 4th for its final monetary policy review meeting for the year. The main focus of the meeting will be the widely talked about QE (read as…
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The Reserve Bank of Australia (RBA) left interest rates unchanged at 2.5% while continuing to target the country's exchange rate, calling the Australian Dollar to be above its 'fundamental value'. Last month, the Aussie broke below the lows…
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Folrex Afternoon summary - Key Notes China manufacturing PMI 50.3 vs. 50.5 survey China, HSBC Manufacturing PMI, 50 vs. 50 survey Spain PMI manufacturing 54.7 vs. 52.1 Switzerland PMI manufacturing 52.1 vs. 53.1 Italy PMI…
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USDJPY Technical Analysis for December The Yen saw a 5th month of consecutive decline, with the month of November seeing an added boost to USDJPY on continuous divergence policies from the respective central banks. With November’s data…
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The awaited Swiss Gold Referendum is set to take place on the 30th November 2014 The main risk to Gold futures this week is the Swiss referendum due on November 30th (Sunday). While opinion polls from the referendum is broadly mixed with…
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The markets were surprised to see that OPEC decided to stay put to its current production levels of 30 million barrels a day. Regardless of what the main stream media reports that there continues to be a disconnect between the OPEC members…
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As the US Thanksgiving holiday kicks off, volumes are expected to be thin both today and tomorrow and the lack of any data from the US makes it even slow.
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