Orbex - Forex Trading Library

USDJPY seeks support The US dollar steadies as minutes from the Fed policy meeting cement expectations of another rate hike. The pair has hit resistance at 145.00 from last November’s liquidation. A bearish RSI divergence suggests a…
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The jobs numbers from Canada are typically overshadowed by the NFP data for the US that comes out at the same time. But, given the context of what's been happening in Canada lately, the employment figures could shake up expectations for the…
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AUDUSD tests resistance The Australian dollar inched higher after the RBA reiterated that further tightening might be needed. The price action has stabilised over 0.6600 and a steady grind upward suggests that sellers have taken some…
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Investors are going to be looking for some clarifications out of the minutes from the last FOMC meeting. The market and the Fed are at odds about the future of rate hikes. More importantly for how the dollar behaves, there is considerable…
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USDCHF attempts to bounce The US dollar slipped after soft ISM manufacturing data in June. Following a pop above the psychological level of 0.9000, a brief pullback was contained at 0.8940, a key demand zone near a series of recent…
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The RBA might or might not raise rates by 25bps later tonight when it meets, depending on who you ask. This could set up some significant market fluctuations, since traders aren't dialed into the results. Either way it goes, it could still…
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EURUSD bounces back The US dollar gave up some gains after the PCE showed a cooldown in May. The pair’s trajectory has turned corrective after it came into the supply zone of 1.1010 from the May sell-off. A fall below the recent swing…
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AUDUSD retreats as RBA may pause sooner The Australian dollar weakens as traders bet the RBA would halt its rate hikes sooner. Inflation slowed to a 13-month low in May, which could prompt the central bank to ease its hawkish tone.…
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