Orbex - Forex Trading Library

What's happening On Wednesday, Russia is scheduled to make its first major payment on foreign debt since the start of the war. Many analysts are suggesting that because of the sanctions, they won't be technically able to meet their…
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The stock index SPX500, as a few weeks ago, formed a major impulse trend. At the moment, the primary wave ③, which is part of the cycle impulse V, is under development. It is a bullish impulse marked by intermediate sub-waves…
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USDCAD struggles for support The Canadian dollar surged after a sharp drop in February’s unemployment rate. A break above the recent peak at 1.2875 has consolidated the US dollar’s lead. The RSI’s repeatedly overbought condition has…
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USDJPY rises as BOJ stays dovish The Japanese yen softens as global uncertainty takes a toll on its economy. Japan’s high dependency on energy and raw material imports means that surging prices could hurt the economy. The…
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Last night, Goldman Sachs issued a note to clients, downgrading their forecast for the US GDP growth to 2.9% from 3.1% prior. However, that wasn't the headline that got most of the attention from the press. Specifically, it was the…
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In the long term, the AMZN structure shows a simple zigzag consisting of sub-waves a-b-c of the cycle degree. The first major wave a is a bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. In the last section of the chart,…
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NZDUSD consolidates gains The New Zealand dollar inched higher supported by roaring commodity prices. A break above the daily resistance at 0.6890 has put the kiwi back on track in the medium term. A bullish MA cross on the daily…
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