Orbex - Forex Trading Library

NZDUSD breaks support The New Zealand dollar tumbles against its US counterpart amid soaring Treasury yields. The pair is looking to consolidate its recent gains after it rallied above the 30-day moving average (0.6820). The…
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Happy New Year! Welcome to an avalanche of data to get the markets started off with some volatility. Generally, PMI data is instrumental in setting the tone for the markets during the first days of the month. It could be even more…
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USDCHF tests daily support The US dollar softens over increased risk appetite. A drop below the lower band of the consolidation range at 0.9160 confirms a lack of interest in the greenback. The pair is testing the major demand zone…
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EURUSD awaits inflation-driven breakout The euro inched higher as traders bet on lasting inflation in the eurozone. The single currency may become the main driver of volatility in 2022. Relatively speaking, pricing the US dollar…
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Recently, a Financial Times-backed Ignites article concluded that ETFs and mutual funds are likely to underperform over the coming years. Okay, so? Well, the article doesn't explicitly mention it, but hedge funds also work on the same…
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The internal structure of BABA shares suggests the construction of a large bullish zigzag Ⓐ-Ⓑ-Ⓒ of the primary degree. At the time of writing, we are at the end of the primary correction Ⓑ. This correction can take the form of an…
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One of the things that we've learned from globalization is that everything is connected. Even if our focus is on trading one particular asset, it can still be pushed around by external factors that don't immediately appear to relate to the…
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GBPUSD consolidates gains Growing risk appetite weighs on a safer US dollar. The rally above 1.3360 confirms that short-term sentiment has turned around. However, the push might have run out of steam as the RSI shows a bearish…
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