Orbex - Forex Trading Library

Crude Inventories Rise Crude oil prices came under pressure once again this week. Against a broader backdrop of risk aversion, news of a fresh build in US crude inventories increased the selling pressure in crude. The Energy…
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The precious metal lost over one percent on Wednesday after price failed to make any major gains near the 1911.50 region. The declines pushed gold prices down to intraday lows of 1869 before recovering. We expect the near-term…
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Oil prices succumbed once again, down over 4% intraday. The declines accelerated after the commodity failed to hold on to the gains above 38.83. Following the breakdown off the 38.83 handle, oil prices lost more than a dollar.…
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The British pound sterling is trading near a one-week low after losing the 1.3000 support level. The decline will make price action biased to the downside if there is no recovery. Above the 1.3000 handle, the key resistance area of…
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The euro currency is trading weaker having breached the trend line. Subsequently, price action is now trading closer to the support area of 1.1715. However, in the late European session, the common currency reversed losses to make a…
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All analysts' estimates suggest that third-quarter GDP in the US is going to break all previous records for growth. This is to be expected after the second quarter was the biggest drop on record. The important question is whether the…
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NZDUSD seems to be forming a bullish wave Ⓩ which is part of the primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Its development began recently, after the end of the intervening wave Ⓧ, which took the form of a horizontal triangle. It is possible…
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CRUDE OIL (US Crude Oil): Rotazione Intorno A quota 40 S2: 39.70 S1: 40.29 R1: 41.26 R2: 41.64 Il quadro tecnico generale evidenzia per il Crude Oil una sostanziale stabilizzazione intorno a quota 40 USD, lasciando emergere delle…
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The precious metal is making attempts to recover following Monday's muted close. There is no clear trend emerging in the medium term. As a result, prices are back re-testing the 1911.50 level once again. The continued consolidation…
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Oil prices are back on the rebound after posting sharp declines on Monday. After a brief decline below the 38.83 support area, price action is pushing higher. However, oil prices have a lot of ground to catch up to. For the moment,…
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