Orbex - Forex Trading Library

NZDCAD missed the 90c yesterday. The pair has been trading along the median regression trendline of the 0.8016-0.8560 channel. Therefore, there have been limited attempts to break the outside channels. However, the higher lows recorded …
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Crude Oil Inventories Rise Crude oil prices continued to trade with very little momentum this week. The latest data from the Energy Information Administration this week have added to fears over the health of the post-lockdown recovery.…
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The precious metal is quite bullish resuming its strong uptrend. Following days of consolidation, the precious metal surged ahead, logging four consecutive sessions of gains. While price has broken past the 1850 level, it is still shy of…
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Oil prices surged ahead with the gains on Tuesday as price briefly traded above the 42.00 handle. However, failure to build upon the momentum saw prices being rejected, pushing crude oil to close below 42.00. At the time of writing,…
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The cable is trading flat for the day, following a pullback after Tuesday's gains. GBPUSD pared gains to fall back to the price level of 1.2643. As a result, support is now established at this level, evident from the rebound off this…
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The euro currency hit a two-year high on Wednesday, boosted by a weaker greenback and the EU Covid-19 relief package. Price action is now into its fifth consecutive weekly gains. The common currency quickly breached past the 1.1550…
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Earnings Higher But Details Reflect Damage Shares in US beverage giant Coca Cola are trading down 0.5% pre-market on Wednesday following the company’s Q2 earnings release yesterday. Coca Cola reported better than expected earnings per…
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Traditionally, at this point in the economic cycle, emerging markets should be an appetizing currency play. As risk appetite returns to markets, we would expect emerging market currencies to strengthen as capital starts searching for…
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EURGBP peaked just off of the 61.80% Fibonacci retracement of the 0.95-0.8670 leg. Since it reached the June high of 0.9176, the pair has slid as sellers stepped in in a premature attempt to avert further buying beyond the golden ratio…
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