Orbex - Forex Trading Library

The precious metal managed to continue posting gains. Price action surged higher after the ECB meeting, as gold rose to the 1967 handle. Prices were quickly rejected near this level as gold pulled back. The confluence of the trend…
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Crude oil prices are back trading on a weaker note a day after price posted a strong rebound. The declines came after the weekly US crude oil inventory report showed increasing stockpiles. With the oil markets already sensitive to…
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The pound sterling continues to extend losses with price testing a six-week low on Thursday. The declines came after a brief rebound saw prices stuck near the 1.3000 handle. Failing to break out any higher, GBPUSD reversed direction…
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The euro currency continued its bullish momentum after the ECB held its monetary policy meeting. With no new stimulus and the ECB not caring much about the exchange rate, the euro brushed higher. Prices briefly tested the 1.1900…
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Shares in US multinational computer technology company Oracle are trading over 3% higher pre-market on Thursday. Shares have recovered firmly off the $40 yearly lows seen during the height of the pandemic in March. They are now trading…
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It's no surprise that politics has an impact on inflation expectations. But the political wrangling in Washington right now might have almost direct consequences in consumer prices. The economic debate raging now is if, and how much,…
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GBPUSD hints at a cycle wave e consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. With waves Ⓦ-Ⓧ-Ⓨ-Ⓧ complete, we could now expect wave Ⓩ to conclude the triple combination. We recently saw the end of the intermediate correction (4). Prices…
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USDPLN has seen sustained support from the 2008 low of $2. The long-term outlook has witnessed two previous tests at a break to the downside; at $3.30 and $3.65. A bullish divergence on the momentum indicator has seen prices bounce from …
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Dollar and Euro Await ECB Meeting The risk aversion that boosted the Greenback over the past week took a step back on Wednesday. The attempted push towards the 94 area faltered as it closed 0.32% lower. Dollar bulls took a breather…
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