Orbex - Forex Trading Library

Markets open mixed on an uneventful day Today’s Economic Data: New Zealand Westpac consumer sentiment 106.0 vs. 113.0 New Zealand Visitor arrivals m/m 0.2% vs. -2.7% previously UK Rightmove HPI m/m 0.9% vs. -0.8% New…
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The bearish tone of the FOMC meeting on Thursday forced investors to turn away from risk bearing assets. This made the AUD/USD reach 0.7162 during the night preceding the meeting, but recovered on Friday and set its support line at 0.7150.…
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The Aussie continued to post a second consecutive week of gains, rallying 1.29% for the week. The Kiwi came in a close second with 1.18% gains for the week as the risk off sentiment led by a weaker US Dollar gave the commodity risk…
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Wednesday came with a good news for the UK, the ONS (Office for National Statistics) stating that wager growth rate rose to a 6-year height and the unemployment descended in Q2 (second quarter of the year). A 2.9% annualized rate was…
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AUDUSD (0.72): The Aussie dollar continued its steady uptrend since last week testing the highs of 0.7265 at the time of writing. While the RBA's meeting minutes were seen to be initially dovish for the Aussie on account of the minutes…
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The US Dollar Index saw a sharp sell off yesterday on the FOMC's event, losing over -0.82% for the day. On the weekly charts, a bearish close today could signal a move to the downside and would set the US Dollar index for a two straight…
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Markets hold, awaiting Federal Reserve rate hike decision Today’s Economic Data: New Zealand GDP q/q 0.4 vs. 0.5% Japan trade balance -0.36tn vs. -0.35tn BoJ Gov. Kuroda speech SNB leaves Libor rate unchanged at -0.75%…
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The much anticipated, over hyped event is due later this evening at 1800 GMT. The US Federal Reserve will be releasing the following: FOMC Economic projections FOMC statement Fed Funds rate (or Interest rates) The release…
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WTI rallies over 5% as EIA weekly inventories fall and expected slowdown in production from Non-OPEC countries! WTI Crude Oil is enjoying a strong week with gains of 5.30% for the week at the time of writing. WTI Crude oil surged off the…
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UK Unemployment rate dips to 5.5%. US inflation subdued Today’s Economic Data: New Zealand Current Account -1.22bn vs. -1.4 bn Australia MI leading index m/m -0.3% vs. 0.1% previously UK average earnings index 2.9% vs. 2.5%;…
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