Orbex - Forex Trading Library

Coming up in the early hours of tomorrow, we have some key data that routinely moves the Asian commodity currencies. There is likely some pent-up fundamental energy in the market since we haven't had much in the way of major data…
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The US dollar index was trading in the green on Tuesday. This comes a day after prices fell, snapping a five-day gain. Economic data from the United States was sparse. President Trump spoke late Tuesday at the Economic Club of New York.…
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The monthly consumer price index data will be coming out later today. General estimates point to a modest increase in inflation during the month of October. Economists forecast that consumer prices will rise 0.3% on the month. Meanwhile,…
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A successful break below 1459 support seems to suggest that XAUUSD is forming a  double zigzag pattern. The complex bearish formation consists of intermediate waves (w)-(x)-(y), which are part of a longer degree formation consisting of…
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We could be heading into some significant volatility for the NZD later tonight in the lead up to and in the aftermath of the RBNZ interest rate decision. There is an increasing chance that the bank might take action, with this being the…
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Ideally, this question would have a single-word answer: No. If you have a responsible broker, that's pretty much it. But, things with the forex markets are always a little more complicated than they should be. And there are some things…
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Risk sentiment is rising as investors decipher the mixed signals on the US-China trade war. The US dollar index fell for the first time in six days while equity markets were poised for a decline after four consecutive sessions. The trade…
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In the long run, USDCNH seems to be forming a zigzag pattern consisting of supercycle waves (a)-(b) and (c). Following the completion of supercycle wave (b), we could now expect impulsive cycle waves I-II-III-IV and V to finalize…
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