Orbex - Forex Trading Library

The USDCHF structure hints at a triple zigzag ending in wave z. The cycle degree correction consists of a primary degree Ⓐ-Ⓑ-Ⓒ zigzag. Wave Ⓐ of z ended in a 5-wave bearish impulse. Whereas, wave Ⓑ ended in a triangle consisting of…
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Credit Traders Leave Over Pay Cuts Shares in Deutsche Bank are trading 1% lower pre-market on Monday as the market reacts to news of further exoduses from the company’s esteemed credit trading group. Deutsche Bank has suffered a steady…
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Pfizer Revenues Expected to Slow in Q2 Pfizer reports the last quarter's results on Tuesday, July 28th at 6:45 EST (12:45 CET). A press conference will be held at 10:00 EST (16:00 CET) Top and bottom-line expectations: Earnings per…
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DAX (Germany30): DAX In Correzione Di Breve Periodo S2: 12,611.5     S1: 12,716.5     R1: 12,975.5     R2: 13,129 Precisa e puntuale l’analisi precedente sull’indice DAX, che dopo aver reagito sui minimi di marzo a quota 8,200, si è…
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USDCHF Tanks as Contagion Spreads When the US sneezes, the dollar catches a cold as the country is having a hard time containing the coronavirus. Recent spikes in infection rates and unemployment claims have heightened…
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The S&P500 index was seen giving up the gains after prices rose to a weekly high of 3293.1. Prices turned bearish following a bearish engulfing pattern that emerged on Thursday’s close. Following this, price action continued lower to…
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Last week’s highlights Australia Retail Sales Rise in June Retail sales in Australia continued to expand, albeit at a slower pace in June. Data showed that retail sales grew at a pace of 2.4% in June, comparing to the 16.9% increase in…
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Oil prices are now trading flat with the range between 41.00 and 42.00 established. After failing to breakout above the 42.00 handle, oil prices pared gains. But support at 41.00 is holding up for now. This could keep prices somewhat…
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The precious metal ended Friday above the 1900 level for the first time since 2012. Price is now about $19 away from the all-time highs in 2011. The weekly gains are also the best since March this year. The bullish momentum in gold…
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The British pound sterling resumed its upside following a brief consolidation earlier IN the week. Price is now just a few pips away from the key technical resistance of 1.2813. A close above this level will see GBPUSD rising to a…
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