Orbex - Forex Trading Library

Gold It’s been a disappointing week for gold bulls. Following some strength midweek, gold flows have since reversed and are now back to around flat on the week, as of writing. The main driver for gold prices this week has been the…
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Jobless Claims Surprise Estimates The US index fought back yesterday as it closed 0.25% higher towards the 93 handle. A stalemate in stimulus negotiation talks boosted the dollar, whilst initial jobless claims fell which added more…
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Oil prices are trading bullish on Thursday as investors brushed aside the build-up in gasoline inventories. The gains come after prices fell sharply off the 41.00 handle earlier on Wednesday. With price rebounding back to the 41.00…
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The precious metal gave up over one percent on Thursday. The declines came on the back of a stronger US dollar. The declines are also invalidating the bullish ascending triangle pattern. If price closes strongly below the rising trend…
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The British pound sterling is following suit with its other peers. Following the strong gains on Wednesday, the cable is pulling back on Thursday. The declines put the GBPUSD back below the 1.3122 level of resistance which it managed…
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The euro currency is trading weaker on Thursday as price action reversed the gains from earlier in the week. The reversal came after the EURUSD rose to highs of 1.1880 before giving back the gains. The reversal is also a few pips shy of…
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Shares in US alternative energy firm Tesla are trading over 5% higher on Thursday following another bumping quarterly earnings report from Elon Musk and co. The company has now reported five consecutive quarters of growth which has helped…
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If you ask authorities in China or in Australia, they likely will say that there isn't any trade issue between the two countries. Officially, China continues to have normal trade with Australia. But there have been numerous media reports…
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The USDJPY structure shows a bearish intervening wave Ⓧ that takes the form of a triple zigzag. The zigzag consists of intermediate sub-waves (W)-(X)-(Y)-(X)-(Z). At the time of writing, waves (W), (X), (Y), (X) are fully complete. Wave…
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Since July, EURNZD was trading in a constructive ascending channel until a fall of over 4%, led prices down the mid 1.74 region. Since then, however, the currency pair has found itself once again trading with another ascending channel.…
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