Orbex - Forex Trading Library

GBPUSD broke above the target of 1.3050-70. Intraday levels show the first resistance at around 1.3150 which could create a trading zone toward the support of 1.3050-70 before prices advance again. Above 1.3150 more advance will be…
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The Euro met the target of 1.1140 and managed to hit a few pips above that resistance. As we see on the Intraday chart, the market now faces the first support around 1.1070. The Euro could advance further is firmly supported, with…
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With America's annual inflation falling to a 3-year low, the Fed is looking more likely than ever to begin cutting rates. Since the beginning of the pandemic in 2020, the Fed has been aggressively raising rates in the hope of stemming…
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The yen seems to have finally stabilized and taken a generally slight strengthening bias, which has left the USDJPY generally trending lower. But there are several major events on Friday that could significantly shake up the yen in…
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GBP/JPY stuck sideways The pound bounced back after the recent bearish rally, which saw over 1000 pips wiped off the valuation of the pair. A decisive close above the immediate resistance of 190.00 prompted sellers to cover their bets…
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Normally, the FOMC minutes impact are the highlight of the week. But, the market is unlikely to ignore them when they come out on Wednesday as they focus on a much more pressing matter: The Fed's symposium at Jackson Hole, Wyoming. That…
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Another day, another record, it seems, for gold as prices reached another milestone after gold surpasses $2500. It has been a year to remember, as bullion has jumped over 20% in 2024 so far. Analysts are expecting more to come as the…
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US 30 Index moves towards 41K The US 30 Index (Dow Jones) bounces as stocks recover across the board. The recent sell-off saw many buyers bail out, but the index remained firm and is now on the path to a full recovery. However, the RSI’s…
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Crude Oil managed to fall below 74.20 and managed to drop further toward 72.45. As we see on the chart, the prices still show a support trend around 71.50-99 where as long as the market holds above it, another advance wave toward 80.50…
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