Orbex - Forex Trading Library

The next bit of economic data coming out of Australia could have a significant impact on the AUD. The RBA is closely watching the labor market, as it sees the creeping increase in unemployment as a challenge to maintaining the inflation…
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Equity markets were mixed as both the Dow Jones and the S&P500 were slightly weaker. The exception was the Nasdaq index, which rose to fresh highs. At the Davos summit, President Trump gave a speech. He cheered on the US economy…
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The depicted DXY structure above hints to a w-x-y combination in which the final y wave is still under development. Wave y consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ and unrolls in a zigzag pattern. At this stage, we are expecting the…
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Canada has largely been able to stay on the sidelines of the global economic uncertainty. Therefore it's likely to not be as much of a beneficiary of the general positive swing lately. But don't tell that to their stock market, which has…
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The International Monetary Fund (IMF), in its latest report, trimmed global growth forecasts. For the year 2020, the IMF expects growth to rise by 3.3%. This is slightly higher in comparison to the 2.9% forecasts which grew in 2019.…
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The USDCNH structure above hints to a bearish zigzag consisting of primary waves Ⓐ-Ⓑ-Ⓒ. Waves Ⓐ and Ⓑ are fully completed, whereas Ⓒ is still under construction. As part of wave Ⓒ, we can see a smaller degree move, an intermediate…
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