Orbex - Forex Trading Library

The last couple of US inflation readings came in well below expectations, showing a dramatic acceleration to the downside in the inflation rate. In fact, inflation for November was recorded as lower than in January. December might prove to…
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Half a month ago we were talking about AUDUSD. Most likely, the currency forms a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ, where the primary wave Ⓩ is a simple zigzag (A)-(B)-(C). At the moment, an impulse wave (C) is being formed, which…
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USDJPY breaks major support The Japanese yen soared after the BoJ unexpectedly relaxed its yield cap. The previous rebound quickly had turned into a bull trap at 137.80 under the 20-day moving average. The sharp fall below 134.50 is a…
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So, the yen advanced over 300 pips, and the Tokyo stock exchange kinda crashed. The move was so big that Japanese bond futures tripped a circuit breaker and had to be suspended for a while. There are a plethora of articles talking about how…
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SPX500 seems to be forming a large impulse trend, which is marked by five sub-waves of the cycle degree I-II-III-IV-V. Perhaps the first three parts of the impulse pattern are fully completed, and there is a possibility that the…
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EURUSD consolidates gains The euro found support after ECB officials pledged to keep raising interest rates. The pair came under pressure near last June’s high of 1.0780. A RSI divergence shows a deceleration in the upward momentum and…
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Japan's inflation rate is finally starting to tick up. It's expected that the country will report a further increase in inflation in November to 3.9% from 3.7% prior. But, before that information is made available, the BOJ is expected to…
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According to the current AAPL stock chart, it is possible to assume the formation of a corrective trend, which takes the form of a 3-wave zigzag of the cycle degree a-b-c. The first impulse wave a looks fully completed. A complex…
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EURGBP tests resistance The pound tumbled after the BoE expressed concerns of a prolonged recession. On the daily chart, the near 3-month long consolidation might have come to an end after a bullish candle above 0.8650. The surge is…
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