Orbex - Forex Trading Library

Fresh Starliner Mission Planned US airliner Boeing, the largest global aerospace manufacturer, announced this week that it is aiming to redo its unmanned Starliner crew capsule flight test to the International Space Station. Depending on…
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Like Germany, we expect French final Q2 GDP numbers to reaffirm the preliminary ones. And they'll probably have a minimal impact on the market. But, also like Germany, there is an increased chance this time around that we will have a…
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NZDCAD climbed to yearly highs in July before hitting resistance at the upper regression channel at 0.9010. The pair had been on an uptrend since a pullback in March when the pandemic took effect. The higher lows recorded since suggest a…
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Positive US Data Ahead of Jackson Hole Summit  The US index weakened during Wednesday’s trading closing just below 93. Durable goods orders rose by 11.2% to $230 billion in July. This was an improvement on the revised June orders of $207…
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Crude Inventories Fall Again Crude oil has seen a fresh break higher this week. The market found all new upward momentum in response to the latest data from the Energy Information Administration. The EIA reported that in the week ending…
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Gold prices were trading volatile after price action fell to intraday lows of 1902.55 before pulling back higher. The main resistance is seen at the 1967.13 level which could be tested in the near term if the rebound continues. To the…
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WTI Crude oil is trading mixed after price action touched a new five-month high at 43.75. A minor resistance level is likely to emerge around the previous swing high in the 43.50 region. However, this level will prove to be critical.…
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The British pound sterling made modest gains as price action is now trading back above the 1.3122 level once again. With support forming at this level, we could expect to see further gains. For the moment, GBPUSD will need to break out…
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The euro is trading mixed with price action in a holding pattern. The main resistance level near 1.1897 is yet to be breached. As a result, we could expect the currency pair to hold steady within 1.1897 and 1.1714 levels in the short…
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