Orbex - Forex Trading Library

Overnight for most traders, but on Friday for the Asian session, there was a bit of panic in Chinese markets. The issue appears to be resolved, but it brought up something that really worries seasoned traders: Lack of liquidity. In a…
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NZDUSD probes support The New Zealand dollar pulls lower as commodity prices come under pressure. The recent rally came to a halt at the psychological level of 0.6000 near the start of the mid-October sell-off. A break above this major…
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Last week, cable had its best performance this year after rising over 2% over the course of five days which included the Fed and BOE meetings. But, it wasn't enough to overcome the slide it has been in since peaking in July. Subsequently,…
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EURUSD holds onto gains The euro bounced after the retail sales showed a smaller-than-expected contraction in September. A surge to an eight-week high has prompted a number of sellers to cover their bets, potentially putting the single…
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The heads of the two largest central banks in the world are scheduled to give speeches on monetary policy this week. Later today and tomorrow, Fed Chair Jerome Powell will give an updated outlook of the economic situation. Since his…
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AUDUSD probes support The Australian dollar pulls back as the RBA's guidance suggests no further tightening will be needed. After hitting a two-month high at 0.6520 the price is seeking to consolidate its gains. But a fall below the…
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As we discussed last week, incorporating trading risk management strategies is crucial. Numerous traders believe it's beneficial to refrain from trading right before, during, or immediately after significant events. If you relate to this,…
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Whenever there are geopolitical tensions, gold gets a boost. So, it's not surprising that the yellow metal shot up through the course of October as Israel prepared to invade Gaza. But, since the start of the month, the price has hit…
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