Orbex - Forex Trading Library

Shares in US mobile phone chipmaker Qualcomm have seen impressive gains recently. Following a bumper 15.8% rally in July, Qualcomm shares rallied a further 12.1% in August. The company extended gains seen in response to a positive Q2…
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After just over a month of almost steady growth, the markets took a bit of correction towards the end of the last trading week. Part of that is due to the extended weekend. US traders were away on holiday, and investors didn't want to be…
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DAX (Germany30): Stop Al Rialzo, Ma è Sempre Buy On Dips S2: 12,560     S1: 12,760     R1: 13,143    R2: 13,326 Misurato arretramento per il DAX  in finire di settimana, che vìola "l'invisibile"  supporto posto a 2STDV…
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Last Week’s Highlights RBA Keeps Policy Steady; Australia GDP Shrinks 7% in Q2 It was a busy week for the Australian dollar. The Reserve bank of Australia held its monetary policy meeting last week. While retaining the key lending rate…
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The leading equity index rallied over the week, rising to 3588. This marked a new all-time high. The rally to this level marks one of the fastest recoveries ever since the index fell to a three-year low in March this year. The…
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The precious metal has maintained a firm grip near the rising trend line, with prices consolidating near the 1930 level. To the upside, the resistance level near 1967 remains within reach. But only a strong close above this level will…
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The bearish outlook in WTI crude oil continues as price fell to a five-week low last week. Crashing below the 40.00 level, oil prices closed at 39.60 on Friday. The next key level of interest is at 38.83. A retest of this support…
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The pound sterling rose briefly late last week to test the 1.3300 level. But with prices being rejected at this level, the currency pair was pushed lower. Finding support off the rising trend line, GBPUSD managed to close just a few pips…
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