Orbex - Forex Trading Library

The current GBPUSD structure hints to a forthcoming bullish zigzag that is represented by cycle waves a-b and c. Wave a was completed with a 5-wave impulse move, whereas wave b is currently under construction. The corrective cycle…
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The Institute for Supply Management will release the results of its non-manufacturing PMI survey. This will be one of the two main reports that will influence the markets this week. Economists are hoping that activity in the…
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Trade of the week GBPUSD stays in range before NFP The pound sterling is currently in a narrowing consolidation range between 1.2900 and 1.3280. This reflects the market’s indecision as MPs head back to the UK Parliament after the…
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Investors were cautious on Monday. The markets opened following the US killing of a top Iranian commander. The risk-off sentiment saw equities trading weaker, while gold prices rallied to highs of 1588 before retreating intraday.…
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People probably don't think about it, but Forex is arguably the oldest financial exchange instrument. It has a lot of firsts to its credit, as a consequence. Foreign exchange has been constantly evolving and finding new ways…
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Risk sentiment was back on the table as equities retreated off fresh highs made earlier into the week. The declines came after news reports revealed that US airstrikes had killed Iran’s top military commander. Iran vowed to retaliate,…
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The current DXY structure hints to a bearish double zigzag. The cycle degree w and y waves consist of primary sub-waves Ⓐ-Ⓑ and Ⓒ, whereas the corrective wave x is a triple zigzag. Sub-waves Ⓐ and Ⓑ of c are fully completed, whereas wave…
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Did you know that the trade war de-escalation supported the Aussie as well as equities closer to the end of last year? It was also low-interest rates that let stocks soar as much as they did, reaching all-time highs! If you want to…
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With most traders back at their desks after the holidays, there's a host of key economic data coming out of the US on the last day of the trading week. Chief among them is what looks like will be a less than stellar performance by US…
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