Orbex - Forex Trading Library

WTI crude oil prices are down over 28% on the day again. This comes just after the commodity marked a strong rebound following last week’s drop into negative territory. The declines in crude oil, however, keep prices within the range…
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The British pound is seen making a moderate pullback after prices continued to rise since Friday. GBPUSD remains range-bound within the levels of 1.2485 and 1.2277. In the near term, while there is a possibility that prices will…
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The euro currency managed to build upon the bullish momentum from Friday. However, after rising to intraday highs of 1.0860, the euro pulled back. EURUSD remains stuck within the range of 1.0950 and 1.0787. The current hidden…
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Last Week’s Highlights German Ifo Business Confidence Drops to Historic Lows The monthly Ifo business confidence report for Germany saw business confidence taking a bit hit. The index fell to 74.3 for April, down from 85.9 in March. The…
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With the COVID-19 having slowed down manufacturing activities worldwide, demand for silver is down. Currently, prices are moving higher after last week's massive sell-off. The metal is about to test the descending resistance (dotted blue…
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EURUSD (EURUSD): In Consolidamento Sopra 1.075 S2: 1.0637     S1: 1.0737     R1: 1.0837     R2: 1.0893 EurUsd mostra una contrazione delle oscillazioni Min-Max, configurando una sorta di modello triangolare con implicazioni di…
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Gold prices are posting a strong rally as price is up close to 1.10% intraday. Price action is now trading close to the previous highs that are formed. A breakout above 1738.50 could potentially confirm further upside. But failure…
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Crude oil prices are posting a modest rebound after slipping into a range. Price action is now trading within the 18.95 and 11.85 levels. However, further gains will come only on a breakout from this range. A strong close above the…
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The British pound, which has been trading within a range, saw prices retesting the lower end of the range. However, price action remains range-bound following steady support from the level of 1.2277. We expect the sideways range to…
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