Orbex - Forex Trading Library

The British pound sterling ignored the weaker than forecast retail sales numbers. With the US dollar trading weaker, the Pound sterling is attempting to recoup the losses from earlier in the week. Price action is back near the…
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The euro currency is posting modest gains on Tuesday. The common currency was lifted following better than forecast data on the German business climate. Price action is, however, still making lower highs on the 4-hour chart time frame.…
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Lufthansa Confirms Huge Refund Operations Shares in German airline Lufthansa are trading a little under 2% higher pre-market on Tuesday. Shares are trading around 22% higher on the month so far. The rally comes despite the group…
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The financial situation in the world is expected to make a major turn sometime around October. That's when the "Western" vaccines are projected to complete their final trials and be approved for the market. Russia has already declared…
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FDA Announcement Improves Sentiment The US index closed above 93 for a second consecutive day. Investors were buoyed by the news that the US has authorized plasma coronavirus treatment. The FDA had concluded the treatment was safe after…
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XAUUSD hints at forming a primary impulse wave ⑤ which is part of impulse V of the cycle degree. The first three parts of the impulse pattern ⑤ are complete. At the time of writing, correction (4) of the intermediate degree is taking…
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USDMXN has witnessed a bearish move from its recent spike of almost $23 on Aug 04. The pair created a bullish move after hitting support at 21.82 which was at 78.6% of the Fibonacci retracement. Previous standard and hidden bullish…
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The precious metal is taking it easy amid a strong risk-on rally that is pushing equity markets to record highs. The risk-on sentiment comes on optimism on the developments for the treatment of the virus. Price action is supported…
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WTI Crude oil rose slightly higher on Monday amid storms in the Gulf of Mexico. The storm is threatening a complete shutdown of oil production units in the region. Oil prices rose to intraday highs of 42.85 before pulling back. Any…
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