Orbex - Forex Trading Library

The latest monthly payrolls report for January saw 225k jobs being added during the month. This was well above the forecasts as the unemployment rate ticked higher. The unemployment rate rose to 3.6%. This was due to an increase in the…
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The end of the double zigzag w-x-y near 96.35 is interchanged with a standard zigzag a,b,c that is heading reversely to the larger trend.  At the time of writing, the cycle wave a is still under development. The 5-wave impulse consists of…
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With all the news focused on the coronavirus outbreak, the underlying economic data from China has been slipping a bit under the radar. Early on Monday, or late on Sunday, depending on where you are, we get the latest CPI figures from…
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CRUDE OIL: Il Greggio A Caccia Di Onda 4 S2: 49.17     S1: 50.06     R1: 52.02      R2: 53.98 Come da attese motivate in precedenza l’approdo delle quotazioni del petrolio in area 49.50 a completamento di Onda 3 di un chiaro movimento…
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Chinese authorities cut tariffs on more than $75 billion worth of goods made in the United States. The announcement comes as part of the trade talks. China is also expected to ramp up its imports of US goods up to $200 billion in value.…
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The current bullish structure suggests that the first impulse wave ① ended with a false break above the 7.00 round resistance zone. Following the primary degree 5-wave move, a bearish correction initiated in wave ②. The correction hints…
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The vast majority of central banks have been embarking on some form of quantitative easing over the last couple of years. But the economic outlook for most of the world is being repeatedly cut. This calls into question whether the policy…
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In what could become a major initiative, the European Commission, on Wednesday announced that it will take steps to overhaul its fiscal rules. The commission’s current fiscal rules prohibit member EU states of having a public debt of…
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The monthly nonfarm payrolls reports will be coming out tomorrow. The data, which will be released by the Labor Department is forecast to show a slight pick up in the payroll figures. For the month of January 2020, US nonfarm payrolls…
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The simple (albeit controversial) answer is that the European Union is not a country… yet. There is a lot of interest in making the euro at least a competitive reserve currency to the dollar. Even countries such as Russia and China are…
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