Orbex - Forex Trading Library

On Monday afternoon, Iran issued an arrest warrant for US President Donald Trump. This came after Iranian officials accused him of his involvement in the January 3rd drone attack that killed Iranian General Qassam Soleimani.  Tehran's…
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The USDCAD 78.6% retracement down at 1.33165 triggered a strong bullish move. Apart from a critical Fibonacci correction zone, it marked a confluence level with the trendline support TS2 starting Dec '18. Prices, however, have not yet…
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The precious metal is trading rather flat on the day following an attempt to push higher. However, with prices trading just below the previous highs, we expect this consolidation to result in a breakout. The bias is slightly to the…
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Oil prices are trading bullish on Monday as prices rose over 3.5% on the day. Price action is finding support off the rising trend line, leading to this rebound. However, the current gains will see price challenging the technical…
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The British pound sterling is trading slightly weaker, but declines are accelerating after prices broke down off the technical support. The price level near 1.2344 has held up as support in previous tests. But the current breakdown off…
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The euro made attempts to rise above the resistance level of 1.1261 level on Monday. However, price action was trading weaker as the euro failed to breakout above the technical resistance. For the moment, the euro is trending lower in…
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As we are coming to the conclusion of the second quarter, we are about to hit a deluge of key economic data. This data will likely determine whether we keep trending in a V shape, or turn down into the second wave of the W. The increased…
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GBPJPY Bounces Off 4-Week Low The pound sterling has begun a tentative recovery after giving back all its gains in June. However, its advance might not be a smooth ride as ongoing Brexit talks may stir up volatility. The EU’s…
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