Orbex - Forex Trading Library

The upcoming ECB meeting is expected to be a lively one, as far as central bank gatherings go. There is a lot to discuss, and there seem to be quite a lot of differences between the monetary policy setting committee members. This could lead…
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AUDUSD grinds support The higher-beta Australian dollar consolidates gains as risk appetite holds its ground across markets. The latest rebound has met stiff selling pressure in the support-turned-resistance of 0.6620. The price action…
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All eyes are on Wednesday's FOMC meeting, in which it might be revealed that the Fed won't hike any more this cycle. But, before then, the release of US inflation figures tomorrow can set up expectations even as the members of the…
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USDJPY meets major support The Japanese yen consolidates its gains after hints of tightening monetary policy from the BOJ. The recent sharp sell-off has come to a halt at the base of a breakout rally back in August. A long lower candle…
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EURUSD consolidates ahead of ECB meeting The euro steadies as the market hopes for a hawkish turn in monetary policy. Inflation across the Euro zone saw a sharp retreat with the latest print at 2.4%, from over 10% just a year ago. More…
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The UK will be releasing a barrage of data next week in the lead up to a pivotal BOE meeting. That makes it difficult to predict exactly what the central bank will do, since several of the data points might move market expectations. The…
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NZDUSD meets support The US dollar dips as traders hope to see signs of a weaker labour market. As the price grinds last August’s high of 0.6220, an oversold RSI on the daily chart certainly puts pressure on the short-term enthusiasm. A…
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The recent data releases suggest that the all-important NFP tomorrow will show the labor market continues to cool. This would likely affirm the growing consensus that the Fed is soon to shift to rate cutting mode. But, as expectations…
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