Orbex - Forex Trading Library

The euro is pushing higher on the day with the range finally showing signals of giving way to a trend. Price action is clearing the upper end of the range at 1.1347 and this bullish breakout could see a continuation to the upside. The…
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Traders Look Past COVID Risks Apple is starting the week on a positive note. The US tech stock is trading in the green ahead of the US open on Monday. The broader risk environment remains supportive for the time being. This comes…
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The GBPJPY structure shows a bullish triple zigzag consisting of waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first three parts of the primary degree pattern seem fully complete. At the time of writing, we see the formation of a bearish intervening wave Ⓧ. It…
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How long central banks can keep rates low depends on whether there will be a spike in inflation. Both the Fed and the BOE have committed to keeping rates low for an extended period of time. And, there is speculation they might cut rates…
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Despite Antiviral Hopes, US Dollar Hangs on Headlines The optimistic Remdesivir tests provided support for the markets on Friday. However, despite that, the dollar closed last week negative and concerns around the pandemic are still…
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USDJPY (USDJPY): Carry Trade Sempre Attivi Ma Meno Pesanti S2: 106.3     S1: 106.62     R1: 107.26     R2: 107.58 Il cambio USDJPY continua a ruotare a ridosso della retta di regressione originata sui massimi di marzo e che…
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EURCHF Holds Steady Ahead of ECB Rate Decision The common currency has given away its early June’s gains in the wake of the ECB’s massive stimulus of €1.35 trillion. The optimism-led surge has prompted short sides to cover their…
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Last Week’s Highlights China’s Consumer Prices Rise at a Steady Pace The latest data from China showed a steady increase in consumer prices to 2.5% on the year in June. This was up from 2.4% in the previous month. On a month over month…
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The precious metal ended the week a few points below the 1800 level. Price action remains somewhat precarious. A continuation to the downside could see gold slipping towards the 1785.50 level. This is unless gold resumes its bullish…
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Oil prices managed to pare losses on Friday. However, price remains near the 40.56 level. We could expect volatility to rise as the OPEC+ leaders meet this week. The bias remains to the upside as a  move above the 40.50 level will signal…
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