Orbex - Forex Trading Library

The S&P500 index extended declines over the week following the breakdown near the minor rising trend line. Subsequently, prices drifted lower before reversing losses just a few points above the 3200 handle. Friday's bullish…
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Illumina To Buyout Other Shareholders Shares in US biotech firm Illumina are trading almost 5% higher pre-market on Friday. Over recent days, Illumina shares have been well bid. This is in response to news that the company agreed to a $7.1…
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Like most disputes between nations, the recent impasse between Turkey on the one hand, and Cyprus and Greece (which means the EU) on the other, is both simple and complicated. The simple explanation is natural resources, like most…
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UKOIL hints at the formation of corrective wave ④ of the primary degree. This is a triple zigzag consisting of intermediate sub-waves (W)-(X)-(Y)-(X)-(Z). With intervening wave (X) ending, we now see prices rising in intermediate wave…
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Natural Gas has seen a steady incline from the recent lows witnessed in June. The commodity almost doubled in value before a decline at the beginning of the month. A standard bearish divergence has seen a test to the $1.80 area. Prices…
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Renewed Stimulus Talks Spurs on Stocks The US index hinted at exhaustion at it closed 0.10% lower yesterday, after gaining 2.4% over the month. The 7-week high led to a pullback as US jobless claims were disappointing. Claims crept…
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Gold The yellow metal has come under significant selling pressure this week with the market falling 5.5% as of writing. Gold is now down more than 10% from the 2073.48 highs posted last month. The main driver behind the acceleration…
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The precious metal is looking to reverse the recent sharp declines. Prices closed almost flat on Thursday. Thus a follow-up bullish close on Friday could see some near-term gains being made. But the correction could hit the resistance…
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Oil prices are trading bullish as price action fully recovered on Thursday from the losses from the previous two sessions. But prices are still off the 41.00 handle where resistance is likely to hold in the near term. The outlook…
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The British pound sterling is closing with gains and price action could see some modest recovery in the near term. The bullish engulfing pattern comes after price briefly drifted to a two-month low. The Stochastics on the four-hour chart…
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