Orbex - Forex Trading Library

Earnings Beat Shares in US banking firm JP Morgan are trading over 2% higher pre-market on Monday. Buyers continue to show demand for the stock following a solid Q2 earnings release. JP Morgan posted earnings of $1.38 per share last month,…
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The USDJPY structure hints at cycle wave e consisting of primary waves Ⓐ-Ⓑ-Ⓒ. The 5-wave impulse Ⓐ and correction wave Ⓑ took the form of a bearish double zigzag. The impulse wave Ⓒ is currently under development. Intermediate…
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This is the week many analysts have been waiting for, as we get a series of pivotal data that will give us some insight into how the pound, euro and Aussie dollar might behave in the medium term. We also might have some surprises in just…
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DAX (Germany 30): Pronto Per Un Nuovo Rialzo S2: 12,453.77     S1: 12,564.32     R1: 12,738.54     R2: 12,802.21 L’indice Dax archivia una settimana sostanzialmente invariata che tuttavia conferma la "virata" rialzista del sistema…
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USDCAD Rebounds as Sino-US Tensions Brew The US dollar could see a silver lining in the tensions between the US and China. President Donald Trump’s executive orders to ban popular Chinese apps WeChat and TikTok are the latest…
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Last Week’s Highlights BoE Leaves Rates Steady but Gives a Cautious Outlook on Economy The Bank of England held its monetary policy meeting on Thursday. While leaving interest rates unchanged at 0.10% it also left the bond-buying program…
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The S&P500 index has so far maintained a rather low profile. However, over the course of the week, while precious metals took the limelight, the major US equity index managed to break out of its range. On Friday, 7th August, the…
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The precious metal gave back some of the gains on Friday after price reached a new all-time high last week. Gold prices were trading above the 2050 handle rather comfortably. However, price lost out into the close to settle near the 2031…
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Crude oil prices gave back the gains to settle lower on Friday. After the previous move above the 42.00 handle, crude oil pared gains. After moving back into the range, oil prices briefly touched the 41.00 handle before a slight rebound…
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Price action in GBPUSD indicates a possible move lower. After a brief close above the 1.3122 resistance level, the cable closed lower on Friday. This also shows a breakdown of the rising trend line. In the short term, we might expect…
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