April 2024 - Orbex Forex Trading Blog

The Sticky Inflation Keeps the Euro Pressured!

The Sticky Inflation Keeps the Euro Pressured Eurozone inflation remains steady, which could mean that the ECB is ready to cut rates. As the euro bloc returns to growth, could we see the ECB begin cutting before the Fed? Timestamps…
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Yen Intervention: Is It Over for USDJPY?

In early trading on Monday, the yen suddenly strengthened and the USDJPY fell by well over 500 bps in a matter of minutes. The consensus is that the only way that could have happened is if the BOJ intervened in the exchange rate. Japanese…
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Intraday Analysis – USD Struggles Ahead of the Fed

UK (FTSE100) hits another high The FTSE100 hit a new record high, pushed on by progressive stocks and copper hitting a 2-year high. The bounce off April’s low showed solid interest in keeping the bullish bias intact and convincingly…
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Gold Holds $2300 Ahead of the Fed!

Gold Holds $2300 Ahead of the Fed! The Fed and NFP numbers could be the catalyst for big moves on the dollar and gold this week. With Gold holding onto the $2300 handle, we will see another record high soon? Timestamps XAUUSD 00:50…
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China April PMIs : The Giant is Back to Growth?

China April PMIs : The Giant is Back to Growth? China has been reporting some pretty positive economic numbers lately, which has had an effect on quite a lot of assets around the globe. The surprise beat in GDP out of China followed by the…
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The Week Ahead – All Eyes on the Fed

EURUSD advances ahead of NFP The euro firms up as the Fed is expected to leave the rate steady in its next meeting. With the Fed policy dominating sentiment for some time, it is now the turn of the ECB as they have been busy drumming up…
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Will EU Inflation and GDP Keep ECB On Track for June?

Next week has a busy calendar, with a host of major market moving data coming out. What shouldn't be lost in the crush is two key bits of data out of Europe that could be one more piece in the puzzle to see if the ECB will actually go…
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Intraday Analysis – Dow 30 Clawing Back Losses

Dow 30 resumes uptrend The Dow 30 remains bullish, with corporate earnings exceeding expectations. The index has found solid buying interest over the 20-day SMA at 38000. A quick bounce above 38300 has forced short-term sellers to cover.…
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The Very Complicated BOJ Interest Rate Decision

The Very Complicated BOJ Interest Rate Decision As the USDJPY hits another multi-decade high above the 155 handle, the BOJ is set to meet and decide on policy tomorrow. The weakness of the yen will be the necessary topic of discussion, and…
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