Orbex - Forex Trading Library

Facebook's stock was boosted by more than 4% following a federal court dismissing the FTC’s antitrust complaint against the company. The FTC had alleged that Facebook violated the nation's anti-monopoly laws, which after the dismissal,…
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The world's two largest economies appear to be continuing down different paths. The likely result is that the euro will find itself stronger than the dollar in the coming months. However, that depends on whether the data trends continue.…
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The current structure suggests that USOIL is forming a bullish impulse trend. After the end of the primary sub-waves ① and ②, the market continues to rise in the primary third wave. Wave ③ consists of sub-waves ①-②-③-④-⑤ of the intermediate…
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USDJPY struggles to clear offers The Japanese yen bounces back after a rise in April’s retail trade figure, while the US dollar struggles to consolidate its gains above the psychological level of 111.00. Yesterday’s bullish momentum…
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The formation of GBPUSD hints at the development of a corrective trend. Most likely, a triple zigzag is currently under construction. This consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree. The first four parts of this construction…
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This week, we will get the release of both the official and private measures of China's PMIs. The consensus is for both the manufacturing and services components to show a downward move, though still stay marginally in expansion. That…
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DAX Fut. (DE30): Supporto Di Transizione A 15.340 S2: 15,102 S1: 15,346 R1: 15,745 R2: 15,904 Avendo raggiunto il livello di 15,500 e segnato nell'ultima sessione della settimana livelli superiori con Max a 15,620, il livello…
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EURUSD hovers under psychological resistance The euro bounced back after the core PCE of the US stayed subdued in May. After rallying above 1.1910, price action has turned this former resistance into a support base. The current…
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