Orbex - Forex Trading Library

Markets had what looked to be a contradictory move on Monday: Data was released showing the economy was troubled, but the stock market went up. That illustrates just how dominant the central bank narrative is for markets. Given the heated…
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USOIL bounces from multi-month low WTI price keeps the comeback going after bouncing from multi-month lows. On the chart, a new high above 71.00 has put the commodity back on track and could lead to a broader recovery, with the…
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Gold managed to add more advance above the resistance 2635 while Intraday indicators still show a chance for a correction toward 2600-05. Prices will face the resistance trend around 2650-52 and if Gold holds below it, a drop a…
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The Dow managed to hold above the first support of 41335 and today hit the target of 42200. Our second target is toward 42600 with support at 42000-100. Below 41825 more of a drop could hit the market with support at 41440 and 41000.…
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Crude Oil managed to hit 70.90 and added more advance while still holding below the resistance of 71.50-72.50. As we see over the Intraday chart, if prices remain below 72.50 another drop back will be expected toward the 63.90-64.75…
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USDJPY managed to print a high of 144.67 yesterday while the market still holds below the downtrend line resistance 144.70-145.00. As long as market holds trades below this downtrend line another drop correction could happen toward…
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GBPUSD managed to break above the 1.3300 resistance which could lead to an advance toward targets 1.3435 and 1.3635. As we see over the Intraday chart, prices hold above the support of 1.3220 and printed 1.2348 low today. As long as…
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The Euro dropped as prices remained below the resistance of 1.1200. As we see over the Intraday chart, market is facing support around 1.1070 and hit a low of 1.1083 yesterday. As long as the market remains above this support, another…
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This week's US Economic Events schedule is comparatively light, after last week's rush of rate decisions. Markets will have the time to digest the latest moves by central banks. However, several US economic events could shake up the markets…
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