Orbex - Forex Trading Library

Dollar Struggles Across the Board The dollar realized further declines on Tuesday as the index closed 0.58% lower. The coronavirus situation in the US is taking a further toll as cases arise. President Trump stated that the outbreak is…
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CRUDE OIL (US Crude Oil): Tiene L’Argine Su Quota 40$ S2: 40.62     S1: 41.58     R1: 42.39     R2: 42.81 Il quadro tecnico generale evidenzia in linea teorica uno sganciamento dallo scenario che inizialmente prevedeva un incastro…
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The precious metal rose to a fresh nine-year high after consolidating over the past few sessions. Price touched the 1841 levels intraday after breaking past the 1817.80 level of support. Further upside could see the precious metal…
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Oil prices are bullish with price action gaining over 3% on Tuesday. The current gains came after oil prices managed to break out to the upside from the consolidation. Price action is also trading above the 42.00 handle. As long as…
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The pound sterling is on track for a bullish continuation. After clearing the key price level near 1.2643, GBPUSD is likely to continue the uptrend. This puts cable within reach of testing the 1.2813 level in the near term. Any…
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The common currency posted a fresh four-month high on Tuesday. The gains were driven by the news that the EU leaders agreed to a new EU wide grants package. This, alongside a weaker dollar, contributed to gains in the EURUSD. The…
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The GBPUSD formation hints to a bullish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary degree pattern is part of a triangle wave e. At the time of writing, the first four waves are fully complete. The last wave Ⓩ is only half the way through.…
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When considering commodity currencies, we tend to focus on exports as they typically have the largest impact on currency fluctuations. However, we are in unusual circumstances. For now, currency moves driven by monetary policy are…
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IBM Higher Ahead of The Open Shares in electronics manufacturer IBM are trading 5.55% higher pre-market on Tuesday following the company’s Q2 earnings report, released last night. Expectations were geared rather low as a result of the…
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Alibaba (BABA) price soared to fresh all-time highs of $268 per share on July 09, following a break of the upper regression. The stock has been on an upward trend since the $120-$58 pullback that was recorded between Nov '14 and Feb '16…
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