Orbex - Forex Trading Library

Oil prices are taking a hit after major oil producers warned of reduced demand if the current crisis continues. This comes following the OPEC meeting held on Wednesday. Investors were not expecting any production cuts from the meeting…
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The British pound gave up the gains on Wednesday to close lower below the 1.3122 level. Earlier in the week, cable managed to rise sharply higher after breaking this very price level. A close below the technical resistance saw price…
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The common currency erased gains after it managed to rise steadily above the 1.1900 level. Following the late FOMC meeting minutes, the euro fell as the dollar strengthened. This pushed the currency pair to close lower. The…
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Shares in US tech firm Intel are trading a little under 0.5% lower pre-market on Thursday. The sell-off comes despite news that Intel has actioned a $10 billion stock buyback operation. The company announced on Wednesday that it is…
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Retail sales figures have replaced other important data such as employment as the chief focus of central banks. When they mention "fast indicators", among them are retail sales figures. We are waiting for the economy to return to…
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GBPCHF tested the 1.2017 high at the 61.8% Fibonacci retracement of the 1.1620-1. 2260 leg. At the time of writing, prices are pulling back towards the Ichimoku cloud. This is where the 38.2% retracement lies, by 1.1867. With a close…
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Mixed FOMC Minutes Support the Dollar The US dollar saw a correction across the board on Wednesday as the FOMC minutes revealed concerns regarding the road to recovery. Policymakers hinted at further aggressive stimulus measures and…
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Crude Inventories Fall Again Crude oil prices have remained buoyant this week as the latest data from the Energy Information Administration announced a further fall in US crude stockpiles. The EIA confirmed that in the week ending…
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The precious metal is trading on a weaker note on Wednesday following two days of consecutive gains. Price action is reversing direction just below the 1988 level of resistance. Ideally, we expect to see gold rising toward this level…
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