Orbex - Forex Trading Library

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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The meeting minutes from the December 11th monetary policy meeting will be released today by the Federal Reserve bank. The Federal Reserve Bank kept interest rates steady in December at 1.50% - 1.75%. Investors will be looking to today’s…
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The markets opened with a bang on the first trading day of the year. US equity indices followed their global counterparts. The gains came after President Trump said that he would be signing a trade deal with China on the 15th of January.…
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The current structure on USDCNH Analysis points to a leading diagonal. The bearish pattern consists of cycle waves I-II-III-IV and V. At the time of writing, all primary waves but ⑤ have been completed their course successfully. The…
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Forex is by far the largest financial market out there. It outstrips the stock market by a couple of orders of magnitude. Of course, banks are not going to stay on the sidelines of such a large amount of money. In fact, Forex is largely…
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The last trading day of the year marked a rough month for the dollar on the back of technical and risk appetite factors above than anything else. Christmas trading has been typically soft throughout the years, but that was not the case…
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