Orbex - Forex Trading Library

The common currency is trading volatile, largely thanks to the volatility in the US dollar. Prices whipsawed around but overall, the EURUSD is holding the sideways range between 1.1715 and 1.1600 levels. Earlier in the day, prices…
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Earnings Miss Shares in General Electric are trading a little lower pre-market on Wednesday as uncertainty amidst the US elections impacts equities markets. General Electric reported its Q3 earnings last week and despite a weaker than…
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With all the focus on the elections, the upcoming FOMC meeting has slipped under the radar. After that, it's the first Friday of the month, which means it's NFP day. Even as the market digests the results of the election - and…
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The DXY structure shows a bearish triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag, which forms a cycle corrective wave b. A look at the 1-hour timeframe shows the structure of the final wave Ⓩ of the primary degree. This consists of sub-waves (A)-(B)-(C).…
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EURAUD has repeatedly tested support level on a trend line that has been evident since June. Prices are now looking to test the said support level once again, as we move to the lower 1.62 range. The hidden bullish divergence noted on the…
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NATURAL GAS (NGAS): Onda 4 Correttiva In Corso S2: 2.91     S1: 2.99     R1: 3.19     R2: 3.31 Le quotazioni del Natural Gas si trovano in prossimità di un importante supporto stimato in area 2.95, livello testato come resistenza a…
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Greenback Fragile on Election Predictions The dollar index fell by 0.68% on Tuesday as the US went to the polls. Traders are assessing the risks of yesterday’s vote as Joe Biden is favored to win the presidency, but they also understand…
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The precious metal is posting strong gains, rising for the third consecutive session. The gains have pushed gold slightly above the 1900 level once again. It will be left to be seen if price action can keep up the momentum. The…
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Oil prices maintain a steady hold as prices are up over 3% intraday. The gains managed to push oil prices back above the 36.51 level. The strong bullish candlestick close on the four-hour chart above this level could keep the momentum…
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The British pound sterling is posting strong gains and prices are trading near a four-day high. The gains primarily come on the back of a weaker US dollar. The gains helped GBPUSD to close above the 1.3000 handle. However, further…
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