Orbex - Forex Trading Library

As investors try to figure out if there will be a global recovery, and how fast it will be, this week we have a series of trade balance releases. Global trade is a strong proxy for economic activity, and can give important insight into…
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USDCHF begins fightback The US dollar consolidates gains as the market looks ahead to the upcoming CPI data. The pair continues its way up after clearing 0.8400. A series of higher lows still indicate strong buying pressure. A bullish…
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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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