Orbex - Forex Trading Library

The Bank of England will be holding its monetary policy meeting today. Officials at the central bank will, no doubt, be leaving interest rates steady. The UK’s interest rates stand at 0.75%, for the most part, this year. So far there…
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The current 4H formation on NZDUSD hints to a double zigzag pattern consisting of waves Ⓦ-Ⓧ and Ⓨ. The primary degree waves are part of the longer-term cycle labeled w,x,y,x,y. With Ⓦ and Ⓧ having accomplished their directional course…
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US President Donald Trump announced on Tuesday that China and the United States agreed, in principle, to the first phase of a deal. Reports indicate that both sides are also looking at rolling back the tariffs. Investors cheered the news…
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The current USDCAD cycle suggests that we are in the final part of a triple zigzag pattern w-x-y-x-z.  Wave z of this triple zigzag, which consists of primary sub-waves Ⓐ -Ⓑ -Ⓒ, is under development as we write.  Waves Ⓐ and Ⓑ of the…
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Two major commodity currency countries will be publishing their employment data. And that routinely shakes up the market a bit! New Zealand is especially interesting since they just finished signing a new trade agreement with their…
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Risk sentiment rose in the markets amid news that the US-China trade talks were progressing faster than expected. The news came after US Commerce Secretary Wilbur Ross said that American companies would be granted licenses to sell to…
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The monthly non-manufacturing PMI report from the Institute of Supply Management will be coming out today. According to economists, median estimates point to a modest increase in the index. Estimates show that the ISM…
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The current USDCHF formation on the 4-hour timeframe hints to a double zigzag pattern consisting of primary waves Ⓦ-Ⓧ-Ⓨ. The primary structure suggests that waves Ⓦ and Ⓧ are complete, whereas wave Ⓨ is under development and only on its…
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