Orbex - Forex Trading Library

Last week’s highlights US manufacturing rises Manufacturing activity in the United States rose to a two and half year high in December. Official data from the ISM institute showed that the manufacturing gauge rose to 60.7 during the…
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The S&P 500 index posted gains for the second consecutive week closing at a new all-time high at 3831. Investors are betting on higher stimulus checks as the Biden administration takes office in two weeks. The equity index managed…
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The precious metal continues to post strong declines. On Friday, the commodity lost over 3% into the close to settle at 1847. Prices are now trading near a three-week low. The weekly bearish price action candlestick is also likely to…
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Oil prices continue to push higher with prices settling near 52.60 last Friday. It marks the highest levels since February. The gains also come with nine weekly consecutive gains so far. With price action cutting past the trendline from…
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The British pound sterling is seen trading flat as the consolidation near the top end of the rally continues. The cable has been in a strong volatile ride since late last year due to the Brexit trade talks. This has pushed the currency…
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The euro currency was down over 0.41% into Friday's close, marking the second session of consecutive declines. The drop comes after the euro touched highs of 1.2284 on Wednesday last week. While it is too early to call for a correction,…
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Shares in Air France are trading a little lower pre-market on Friday. The French airliner has seen fairly subdued market action over recent weeks. Following the rally off November lows, Air France shares topped out into the 5.514 level.…
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The AUDUSD formation hints at the construction of a bullish cycle correction b, that takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree. The final primary wave Ⓩ of the specified cycle is a standard (A)-(B)-(C) zigzag.…
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DAX (Germany 30): Rilancio Long S2: 13,13866     S1: 13,935     R1: 14,060     R2: 14,180 L’indice tedesco Dax macina nuovi massimi, svincolandosi, svincolandosi dall'aggressione ribassista che lo aveva caratterizzato poco prima di…
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The media attention has focused on the drama in the US Capitol over the last couple of days. As a result, the more relevant event for the markets has gone a little bit under the radar. After securing the Presidency, Democrats have taken…
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