Orbex - Forex Trading Library

The Institute of Supply Management will be releasing its survey results on non-manufacturing or services activity this week. The data covers the month of February. Investors expect a modest decline in the index. After rising to 55.5 in…
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Following Fed Chair Jerome Powell's speech last week, equities started off on a positive note. There is a wide consensus that central banks across the world will be cutting rates. This is because of the global economy being hit hard due…
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The current XAUUSD structure hints to a bullish 5-wave impulse consisting of primary sub-waves ①-②-③-④-⑤. Wave ③ of this impulse is a fully completed impulse, where the intermediate wave (1) is the leading diagonal, and the wave (4) is…
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The Institute of Supply Management (ISM) will be releasing the closely watched manufacturing PMI report today. According to the economists polled, forecasts point to a modest decline in the index. The ISM manufacturing PMI is forecast to…
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Many analysts are making the case that the RBA is increasingly likely to cut rates. This is due to the potential economic impact of the COVID-19 outbreak. On the other hand, many are arguing that it's too soon. With this lack of agreement,…
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USDJPY (USDJPY): Reazione Alle Porte S2: 107.031     S1: 107.572     R1: 109.320     R2: 109.862 Affondo ribassista del Dollaro USA nei confronti della valuta nipponica, che conferma in modo inequivocabile il rientro della leva…
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EURUSD Rises Back on Speculation of US Rate Cut The euro recouped most of February’s losses after the greenback retreated across the board last week. The first confirmed coronavirus case with unknown origins in the US raised concern that…
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Almost all asset classes, with the exception of bonds, closed strongly bearish into Friday’s close. Even safe-haven precious metals succumbed to the panic. Economic data was pushed to the backseat. Investors ignored the 0.6% monthly…
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Did you know that Aussie hit an 11-year bottom on the back of coronavirus-inflicted flows? Risk-on appetite has shifted dramatically, but many analysts still see 65c. as the major saver. However, we don't! Our Head of Investment…
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Whether the United Kingdom will stay united after Brexit is a surprisingly fraught question. People have quite definitive opinions on the subject, which has a strong political component. As with all things political, it's not really…
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