Orbex - Forex Trading Library

EURUSD softens as ECB hikes lag behind The euro hovers over parity as the ECB is expected to kick off its tightening cycle this week. The ECB will likely deliver a 25 bp increase next week but may have limited impact on the single…
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The cryptocurrency space has seen a choppy price action for the last few sessions. Even though we have witnessed an upshift, analysts remain skeptical that Bitcoin still has not found a bottom level. With Bitcoin falling more than 70%…
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There has been quite a shift in the markets over the last couple of days. Understanding that will help us understand why we should be paying very close attention to the yield curve right about now. On Wednesday, the US reported higher…
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The current structure of the AUDUSD pair suggests the formation of a zigzag a-b-c. This currently includes a bearish correction b and consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The last section of the chart shows the structure of the…
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USDCHF seeks support The US dollar bounces higher fuelled by expectations of a supersized rate hike after record high inflation. A short-lived pullback has met solid buying interest over 0.9750. A pop back above the recent high at…
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China is the first major economy to report its Q2 GDP figures, which are expected tomorrow along with a literal avalanche of data. We could expect some choppy markets in Asia following the release, even if all the data aligns in the same…
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A strong dollar has seen a decline in both the yellow and black gold recently. Gold is expected to test the $1700, with WTI already breaking the $100 level. With recession fears mounting and China battling renewed Covid-19 outbreaks…
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AMZN seems to be forming a zigzag pattern consisting of cycle sub-waves a-b-c. In the last section of the chart, a decrease in the price could indicate the beginning of a bearish correction wave b. This correction can take the form…
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GBPUSD sees limited bounce The pound finds support from better-than-expected GDP growth in May. The pair is having a hard time holding onto its rally attempts. Bearish sentiment means that rebounds have rather been opportunities for…
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In today’s advanced Elliott Wave analysis Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
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