Orbex - Forex Trading Library

The ongoing conflicts in the Middle East continue to threaten shipping despite efforts by Western nations to secure passage through the Red Sea. The latest in the saga is that over the weekend, the largest shipping company in the world,…
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XAUUSD aims for $2K support Gold retraced its NFP spike as price action continued lower. The solid job numbers saw bulls move in before settling back towards 2030. Further downward momentum eyes the psychological $2k level. Any chance of…
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There seem to be several events packed into the coming 12 months that could make gold very interesting for investors. An unusually high number or risk events are occurring in a situation in which global interest rates are expected to…
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GBPUSD bounces back The pound has seen firm gains against the dollar as it approaches multi-month highs. With price action continuing in a bullish channel, the 1.27 handle becomes the next validation to the upside. If there is no…
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Markets are pricing in an expectation that the upcoming jobs report in the US will maintain the trend favoring the Fed easing up sooner than later. The labor market is expected to keep cooling, but not so fast as to signal a major threat of…
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SPX 500 continues to tumble The S&P fell for a third consecutive session as the attempt at record highs looks like a distant memory. As the index shed another 200 points, the next target becomes 4.6k, the previous swing high six months…
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Volatility for the EUR/USD might continue through the rest of the week as the pair is buffeted by a barrage of data. The dollar's strength has pushed the pair down, but the data hasn't been all that good for the Euro. Though that might…
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The dollar is set to have a busy week to start the new year. The second day of trading includes ISM manufacturing data, JOLTs report and the minutes from the last FOMC meeting. The latter has perhaps the largest potential to shake up the…
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EURUSD Awaits NFP The euro saw another shift to the upside in recent sessions as the EURUSD pair hit another psychological level. The bullish sentiment has continued since October as over 500 pips have been added. With less volume injected…
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As if there weren't enough on the economic calendar to keep Forex traders busy, politics is expected to make a notable intrusion next year. Since governments control fiscal policy, it's not a surprise that who wins an election can impact…
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