Orbex - Forex Trading Library

Ryanair reported a loss $107m for Q4, however, it was broadly in line with the consensus estimate. The company expects huge demand during the summer if the recovery is not thrown off course by a new Covid-19 variant. EasyJet will also…
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USDJPY seeks support The yen edged higher after Japan’s unemployment rate fell below expectations in December. The greenback met stiff selling pressure at the origin of the mid-January sell-off (115.65). The RSI’s overbought…
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Shares of Chevron touched an all-time high recently ahead of their Q4 earnings. The company reported a net income of $5.1bn on Friday, but the profits missed expectations, sending shares lower. Tomorrow it’s the turn of ExxonMobil as…
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For the USDJPY currency pair, we see the construction of the global actionary wave y of the cycle degree. It is assumed that wave y takes the form of a primary double Ⓦ-Ⓧ-Ⓨ zigzag. This now includes the last sub-wave Ⓨ in the form of an…
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Tomorrow is the start of the month, and as is customary, there is an avalanche of data coming out from Europe. All of it could be market moving, but what is most likely to set the sentiment for the period are PMI figures. That is the…
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USDCHF tests double top The US dollar held onto recent gains as December’s core PCE beat expectations. The rally sped up after it broke above the major supply area around 0.9280. Strong bullish momentum suggests sellers have run for…
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EURUSD falls over divided ECB The euro falters as the ECB lags behind its US counterpart in monetary normalization. While eurozone inflation hit a record high of 5% in December, the ECB is still debating whether price pressures will…
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Next week, China's markets will be closed for their Lunar New Year celebrations. At the end of the celebrations, the Winter Olympics in Beijing kick off. Several other countries in Asia have extended holidays around the same period, as…
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