Orbex - Forex Trading Library

NZDCAD has remained in an ascending channel since March. Currently, we see a drop out of the channel as prices range at the 0.87c handle. The previous attempt at a fall out of the lower channel at 0.8574 saw prices retrace and move…
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Greenback Awaits Corporate Earnings The US index saw little change at the start of the trading week as it closed 0.03% lower on Monday. Investors are reacting to the deadlock to impose further stimulus before the Presidential Election.…
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The precious metal did not make any major gains, as the recent rally came to a standstill on Monday. Prices were able to rise beyond the 1928 region. This led to a modest pullback. However, the declines will likely stall near the…
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Oil prices took a nosedive on Monday, losing about 2.7% intraday. The declines came on the news about the Norwegian oil workers striking coming to an end. Furthermore, restrictions on Libya's largest oil field was also lifted, adding to…
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The British pound sterling is holding on to the gains from last Friday. Price held firmly above the 1.3000 level of support. This came even as British PM Johnson announced a new three-tier restriction to battle the second wave of the…
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The euro currency is trading rather muted on Monday. Price action did not make many gains as the US markets are closed on account of Columbus Day bank holiday. On an intraday basis, the euro briefly tested the 1.1800 level. The euro was…
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New Deal Announced Shares in US banking firm Goldman Sachs are trading a little lower pre-market on Monday. Despite the weakness, Goldman’s share price has seen much better demand over recent weeks. Price has recovered from the September…
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On Friday, Germany reported the highest number of new COVID cases since April 8th, which was near the middle of the "first wave". Last week, the number of new cases has increased dramatically, well over 50% in less than 7 days.…
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The S&P500 index managed to recover from the slump in the previous few weeks. Price action was broadly bullish last week as the S&P500 managed to breakout above the 3388 handle rather easily. This current bullish momentum could…
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