Orbex - Forex Trading Library

With the current events making an impact on every tradable asset, silver has felt the heat as well. It is currently trading at levels last seen in 2009. The important break structure at $14 was broken with force on 16th March. Ever…
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The short answer: Yes. Definitely. We are already in one now. The question really is what's going to happen, why this one is different, and how best to prepare for the future. How do we know there is a credit crunch? Well, aside…
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Gold prices are showing signs of stabilizing. Price action is caught within the price corridor of 1534 and 1462. However, given the strong support area, it will take some strong fundamentals to push the precious metal lower. The…
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Crude oil prices tumbled on Wednesday, losing over 18% intraday. The declines came after the previously held lows at 28.00 gave way. This led to a sharp and consistent fall in the commodity. At the time of writing, oil prices are…
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The pound sterling gave way as it weakened sharply against the dollar. Losing over 4% on the day, GBPUSD fell to the lowest levels since 1985. This comes as the 1.2000 handle broke away and offered little support. Price action in…
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The euro turned weaker amid a stronger dollar. Price action broke past the initial support level of 1.0855. Further downside will see a test of the 1.0784 handle. This marks the lows from late February this year. The Stochastics…
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Given the unprecedented easing around the world, virtually all analysts agree that the SARB will cut rates at their meeting on Thursday. Despite reporting relatively few cases, South Africa has not been exempt from the market reaction to…
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SNB governing board member Andrea Maechler has stated that the bank is keeping a close eye on the current economic situation, and, that if deemed necessary, the bank will act accordingly. Their willingness to take action depends on how…
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The yen returned to its safe-haven status when the stocks around the world dropped substantially. As seen on the daily chart above, prices have tested two trendline lows and currently, we are on a bounce. The recovery was initiated on…
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The US Federal Reserve, in another emergency move, cut interest rates by a full 100 basis points on Sunday, 15th March. The central bank also announced a restart of its quantitative easing program. According to the new QE, the Fed…
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