Orbex - Forex Trading Library

GBPUSD hit by fiscal pressure The sterling slowly recovers after the UK government's decision to raise taxes. Britain's budget deficit has hit a peacetime high due to pandemic-related spending. Prime Minister Boris Johnson…
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There has been quite a lot of talk in the media over the Evergrande debt fiasco in China. On Thursday, Moody's downgraded their company's credit rating to CA, saying they did not have enough funds to cover their debt. And early this…
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Price action on USDCAD hints at an upcoming bullish 5-wave impulse in correction wave w of a triple zigzag. With three-thirds of a combination in minute wave four completed, we expect prices to ascend. Once the minuette wave (z) ends,…
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IBM (IBM.N): Test Su Importanti Supporti S2: 137.65 S1: 138.62 R1: 140.74 R2: 141.90 Il colosso informatico USA dopo aver fulcrato un reversal correttivo sulla 153 dollari, sembra aver trovato un buon supporto in area 135, validata…
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EURUSD tests support The euro steadied after the ECB signaled it would reduce its bond-buying under PEPP. The pair is looking for support after it met strong selling pressure at the daily resistance near 1.1900. An oversold RSI has…
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The sterling has been on the back foot for the last couple of days. Even as BOE's Bailey said that they met the minimum conditions for a rate hike, the pound fell in comparison to other currencies. What's behind this move? And will it…
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US OIL price action hints at an upward 5-wave impulse in primary wave ③. With internal intermediate waves (1)(2)(3) and (4) completed we can expect the final wave to push WTI  higher. As waves 1 and 2 of (5) seem completed, prices…
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USDCAD grinds higher The Canadian dollar weakened after the BOC left the current QE unchanged. Following the pair’s bounce off the daily support at 1.2500, the break above the congestion area near 1.2640 suggests strong commitment…
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