Orbex - Forex Trading Library

After its last meeting, the BOC Governor Macklem said that the likely course would be a pause, unless there was a major change in the data. Of course he said it with a lot more words and technical jargon, but that was the essence of the…
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The GBPJPY currency pair is in the final part of a major triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ correction. The final actionary wave Ⓩ takes the form of an intermediate double zigzag (W)-(X)-(Y). The intermediate wave (W) looks completed at the…
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AUDUSD rallies back The US dollar continues downward as the market rules out a 50 basis point hike next month. The pair has recouped most of the losses from last week’s sell-off after bouncing off 0.6870 which coincides with the 20-day…
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At the conclusion of the latest WEF meeting in Davos, many of the leaders there were optimistic that the world would avoid a recession. Or, at least, if there was a recession, it would be short and shallow. A substantial portion of that…
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Gold is continuing to push higher as the yellow metal hits a 10-month high. This comes on the back of weak US data including softer inflation and signs of slowing wage pressures. On the flip side, the Dollar Index continues to…
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USDJPY suggests that the formation of a global cycle impulse could have recently ended. Now the market is developing a bearish triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It is possible that the sub-waves Ⓦ-Ⓧ-Ⓨ have ended.…
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USDJPY struggles to rebound The US dollar edges lower due to bearish inertia across the board. On the daily chart, the pair is still hovering above last May’s lows of 126.50 as the bulls strive to keep the outlook rosy in the…
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EURUSD steadies over inflation relief The euro holds steady as inflation slows down. With prices of oil and gas falling back, Europe could put the much-daunted winter behind. Inflation effectively decelerated in the Euro zone in…
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The price of crude has been on something of a roller-coaster since the start of the year. From a sudden drop in the first days of January, it climbed through the third week, only to have a hard drop a couple of days ago. Naturally there…
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