Orbex - Forex Trading Library

The precious metal is trading weaker on Tuesday despite a modest risk-off sentiment. Price action is trading rather flat, indicative of the holiday-thinned trading. For the moment, gold prices are supported above the 1850 level. As…
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Crude oil prices are down about 1.25% intraday on Tuesday. The declines come following a nearly 3% decline on Monday. Price action is however trading near the support level of 47.17 for the moment. We could expect this level to hold…
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The British pound sterling is down close to one percent during intraday trading on Tuesday. The declines came as price action was trading flat within the weekend gaps over the past two weeks. The new virus strain that was reported saw…
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The euro currency is giving back the gains made earlier. The declines come following a rebound off the 1.2177 minor support from Tuesday. Following this rebound, prices failed to make any major gains, but only to fill the Dec 18 gap of…
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Shares in US tech icon Apple are trading 2.5% higher pre-market on Tuesday. The company has benefitted from the broad pick up in risk appetite over recent weeks. Apple Inc is continuing to trade higher this week despite the softer…
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The EURUSD structure shows that the primary corrective wave ④ is fully completed as a zigzag. After the end of this correction, we saw the rise in the intermediate impulse (1)-(2)-(3)-(4)-(5). We are now in the middle part of the bearish…
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Sentiment Switches Direction The dollar index was up by 0.70% yesterday, its best performance since August. In fact, it almost peaked at the 91 handle. Senator Mitch McConnell and Speaker Nancy Pelosi reached an agreement on a $900…
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Gold prices were seen giving back the gains from earlier on Monday. Price action slipped to lows of 1854.90 before recovering slightly higher. The volatility in gold comes following the news of the new stimulus bill that was widely…
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