Orbex - Forex Trading Library

The euro currency pared losses as it is on track to close with bullish gains for the second trading day. Price action has recovered quite a bit after slipping to the support area near the 1.1714 level. However, we see that the trend…
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7% Rally on Wednesday Shares in the US alternative energy firm Tesla is trading over 13% higher pre-market on Thursday following an impressive 7% rally yesterday. The moves have come in response to news of a Tesla stock-split. This is…
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The dynamics of gold are changing. Traditional investor behavior remains dominant, but technology is updating the way gold prices move at least in the short term. The changes might be somewhat subtle and have more implications for…
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AUDNZD rose above 109.00 yesterday as the pair look towards hitting further fresh highs. The surge was visible from June 13th which was when the prices were last engulfed in the Ichimoku cloud. Since that date, prices have emerged from…
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US Dollar Weakens as Stimulus Talks Take Their Toll The US index closed 0.27% lower on Wednesday as an imminent stimulus deal faded. It is back to trading in negative territory following three consecutive daily advances. The greenback…
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Crude Levels Drop Again Crude oil prices have remained just below recent highs this week. This was supported by the latest report from the Energy Information Administration which showed a further decline in US crude stores. The EIA…
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Following the strong declines, the precious metal is stabilizing after falling to a three week low on Wednesday during the early Asian session. Price action is now somewhat strong having established support near the 1900 region. To…
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Crude oil prices brushed aside a weak demand outlook as per the reports from the latest projections from OPEC. Oil prices are trading about 2% higher intraday. A strong close above the 42 level could strengthen the upside bias. This is…
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The British pound sterling continues to trade weaker with price briefly testing the lows, just a few pips above the 1.3000 level. Price action has now comfortably settled within 1.3122 and 1.3000. This means that a breakout from this…
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