Orbex - Forex Trading Library

The British pound sterling is posting gains after the support level near 1.2516 is holding up. The rebound remains in line with the view of a retracement ahead of a correction. The downside bias remains as long as GBPUSD is trading below…
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The euro is up, in an attempt to reverse losses from last Thursday and Friday. Price action rebounded after slipping below the 1.2616 level, which is now serving as support. While the near term outlook remains to the downside, price…
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The current EURUSD formation hints to a bullish double zigzag Ⓦ-Ⓧ-Ⓨ. Primary wave Ⓦ, consisting of intermediate sub-waves (A)-(B)-(C), looks fully completed. Currently, the market is moving down in the first correction of the…
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After April GDP figures disappointed on Friday, there has been an increase in pessimism around the upcoming labor figures out of the UK. Tomorrow's data reflects the first whole month of shutdowns. This will, therefore, give us some…
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USDJPY Softens on Grim Outlook The Japanese yen continues to show resilience against the US dollar after hitting April’s low. The Federal Reserve’s dovish outlook has injected some discomfort into investor sentiment. Meanwhile,…
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NASDAQ 100(NAS100): Nuovi Massimi Storici? Una Trappola S2: 9,320.7     S1: 9,492.2     R1: 9,842.1     R2: 10,192 Dopo aver segnato nuovi massimi storici sopra quota 10,000, l’indice Nasdaq100 torna a scendere rimettendo in…
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Last Week’s Highlights China’s Producer Prices Fall at Faster Rate China’s latest factory gate figures indicate that the declines were faster than forecast. Official data showed that factory prices fell for the fourth consecutive month,…
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The main US index has seen a negative week after price failed to breakout above 3198 handle. This led to strong declines pushing the benchmark index back to the technical support level of 3000, as noted last week. For the moment, the…
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The precious metal did not make any major gains on Friday despite some stock market volatility. However, prices are firmly supported above the 1724 level for the moment. The precious metal attempted to make some gains but prices…
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Oil prices' attempts to make a comeback helped somewhat. Price rose about 1.3% on Friday after the previous session’s strong selloff. As a result, WTI crude oil fell just a few points shy of the 34.42 level of support before reversing…
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