Orbex - Forex Trading Library

The precious metal was trading flat on the week as price action gave back the intra-week gains. As a result, gold settled back near the 1900 level into Friday's close. Still, the overall bias remains to the upside, with price only…
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Oil prices gave back the gains, closing in the red on Friday at 39.74. Price action is likely to continue holding the sideways range between 41.00 and 38.83. In the short term, we see a divergence building up on the Stochastics…
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Last Week’s Highlights China Q3 GDP rises by 4.9% China's third-quarter gross domestic product rose 4.9% on the year. The increase in the GDP puts China's growth trajectory, back to pre-pandemic levels. The third-quarter increase fell…
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The British pound sterling closed with losses for the second consecutive daily session. This follows the rejection after price attempted to breakout above the 1.3122 level of resistance. If the current bearish momentum continues, then…
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The S&P500 closed on a bearish note, but price action pulled back from the intra-week lows. The bearish price action comes following the previous week's doji candlestick pattern. If we see a follow-through to the downside, we…
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The euro currency recovered from last week's declines, closing on a bullish note. Price rose to a five-week high before pulling back slightly into Friday's close. The EURUSD is now comfortably settled above the 1.1800 level with…
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Shares in us beverage giant Coca Cola are trading a little lower pre-market on Friday following a disappointing earnings call yesterday. The beverage-marker reported third-quarter earnings per share of $0.40, undershooting estimates for a…
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Yesterday, Trump's latest nominee for the US Supreme Court was voted out of the Senate Committee along party lines. The nominee will now be voted on by the full Senate before October 26th according to the most recent schedule. The…
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