Orbex - Forex Trading Library

The Bank of Canada will be holding its monetary policy meeting this week on Wednesday. The bank has left interest rates unchanged at 1.75% for the past five monetary policy meetings. While the central bank’s forward guidance has turned…
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The markets were trading mostly flat on the day on Tuesday thanks to a lack of economic data. Investors are now waiting for Fed Chair Jerome Powell’s testimony today. Powell will be making prepared remarks later today. Following the…
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The US dollar index was trading higher on Monday. This comes following last Friday’s payrolls report. Investor expectations for a larger rate cut in July fell after a strong payrolls report showed a rebound in the labor market. The Fed…
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This week is relatively quiet on the economic calendar for Australia. This means the AUDUSD is likely to move more on external events over the next few days. Of the more important events coming up, overnight we get NAB Business…
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The monthly payrolls report from the US saw employers adding 224,000 jobs during June. This was higher than the estimates of 162,000 jobs. The unemployment rate ticked higher to 3.7% on an increased participation rate. The average hourly…
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The week ahead will be dominated by central banks once again. This week will see the Bank of Canada’s monetary policy decision alongside the release of the Federal Reserve monetary policy meeting minutes. The recent uptick in Canada’s…
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Even if you don't trade the yuan directly, you probably want to keep an eye on Chinese foreign exchange reserves. Not just because China is the second largest economy, but also because they are the largest holder of reserves in the world.…
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