Orbex - Forex Trading Library

What could move the markets after the ECB decision might not be the change in interest rate, but what it does to set up for future rate moves. Both the market and economists are in agreement that the European Central Bank will cut rates by…
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Kiwi New Zealand (NZDUSD) attempts to lift The Kiwi New Zealand attempted to stop the freefall after dropping over 100-pips since the beginning of the month. The pair is trying to stabilise above 0.6100 and a bullish RSI divergence…
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The Dow managed to test the resistance zone at 40880-950 yesterday. As we see over the Intraday chart, the market is still facing the 40880-950 resistance zone where as long as prices hold below it, another drop wave toward 40000 will be…
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Gold managed to rebound last week while Intraday levels show a chance for an advance if prices hold above 2493-98. The market could sustain this trading zone as we await the US inflation data tomorrow. Below 2493 more of a drop could…
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Crude Oil met the target of 67.00-70 last week and managed to hit few pips below that support. As we see on the Intraday chart the market is now facing support around 66.70 while resistance is around 68.50-69.00. This could create a…
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GBPUSD also dropped and is now closing to the support zone 1.3050-70. As long as the market holds above 1.3050-70 a chance for another advance toward 1.3300 and 1.3480 is still valid. Below 1.3050 the market could head for a drop to…
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USDJPY hit a low at 141.76 last week and is now testing the Intraday resistance 143.70-75. If prices hold below 143.75 another drop could happen with supports at 142.50 and 141.70. The market is still facing the support zone 141.70-75…
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The Euro rebounded last week to test the first resistance 1.1140. As we see on the chart, the market hit the 1.1040 support and still has a chance for another rebound toward the 1.1200 zone. Below 1.1025 prices could add another drop…
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The NFP on Friday gave the markets a lot to chew over, as the data pointed in opposite directions. What that means is that the market is waiting for more clarity to fully price in what to expect from the Fed's rate decision next week. The…
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