Orbex - Forex Trading Library

In the long term, GBPJPY seems to be forming a global corrective trend that takes the form of a double zigzag. On the 1H timeframe, the final actionary wave y of the cycle degree is visible. It seems that the wave y takes the form of…
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USDCAD tests key resistance The Canadian dollar struggles over plunging oil prices amid demand concerns. On the daily chart, the outlook remains positive and crossing moving averages may suggest a potential acceleration to the upside.…
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Don’t miss your chance to join our live webinar “Trading Stocks Online” on Monday, December 19, 2022.  Learn how to start trading the world’s biggest company stocks with this exclusive webinar by leading Market Strategist David Kindley,…
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The BOE meets on Thursday, where its broadly expected to hike rates by another 50bps, and signal that further hikes might be necessary. Here's why, and how the market might react: Economic data hasn't been as bad as expected The BOE and…
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Gold is looking to recapture the $1,800 handle as risk appetite does not slow down. The yellow metal display some volatile moves as investors have shifted their focus toward releasing the US CPI. On the flip side, the DXY stays firmer…
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The 1H timeframe of the USDJPY pair shows that the formation of a global cycle impulse could have ended not so long ago. Then the fall of the exchange rate and the formation of a new bearish trend began. It is assumed that a bearish…
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USDJPY holds steady The US dollar edged higher after November’s PPI beat estimates. Sentiment remains fragile after the price made a U-turn at 137.80, which was a brief support in the previous consolidation. Some buying interest has…
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EURUSD awaits double catalyst The euro consolidates as both central banks will fire their last salvos of the year. Inflation expectations remain high in the eurozone and bolster the likelihood of a 50 bp hike by the ECB. But market…
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PM Sunak is facing increasing challenges as the country wraps up the year. Strikes have been going on for months in different sectors, but they are getting particularly intense of late, as workers struggle with higher cost of living. But,…
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