Orbex - Forex Trading Library

USDCHF participants seem to be forming an intervening wave (x) as part of cycle wave z. Wave z hints to a double zigzag pattern, contained by intermediate sub-waves (W)-(X) and (Y). With (A) of (Y) completed, bulls could increase bets…
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The US Department of Commerce will be releasing the final revision to the third-quarter GDP numbers. Economists polled, do not expect to see many changes. Expectations are therefore flat, pointing to an unchanged print in the GDP at…
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On Wednesday, the US House voted to begin impeachment hearings against President Donald Trump. However, the markets were unmoved by the developments. The focus now shifts to the Senate which is controlled by the Republicans. There is…
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The pattern we’ve been following over the past few sessions keeps unrolling in a 5-wave impulse structure, that consist of primary sub-waves ① -② -③ -④ and ⑤. The first four waves of the impulse move look fully completed, whereas wave ⑤…
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The simple answer appears to be a near-universal, "yes". It seems that the only open question now is whether it will be a 25 basis point cut or a 50 pointer. Last week´s inflation report showed that it had slipped by a hair below the…
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Investors remain cautious as the risk of a no-deal Brexit puts focus back on the UK. This comes amid a lack of any new reports on the US-China trade deal. Economic data also remains sparse for the USD. There were some speeches from Fed…
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The GBPUSD formation hints to a 5-wave impulse pattern consisting of cycle degree waves I-II-III-IV-V. Looking at the 4H chart, we can assume that bears could push prices lower to complete intermediate wave (A) as part of the primary…
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Overnight, we have the last major economic data from New Zealand and Australia for the year. After that, we can expect their pairs to slip into vacation mode for the next couple of weeks. It seems that the two countries whose currencies…
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