Orbex - Forex Trading Library

The consensus that the BOE will hike at the meeting on Thursday is pretty near unanimous. Where rates go after that is subject to intense debate, with the market and economists (and, potentially, the BOE) having different views. All of this…
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The USDJPY currency seems to be forming a bearish trend. Most likely, the trend takes the form of a double zigzag Ⓦ-Ⓧ-Ⓨ, within which the sub-waves Ⓦ-Ⓧ are completed. The wave Ⓧ is a double zigzag consisting of intermediate sub-waves…
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EURUSD sees limited pullback The euro retreated after the ECB's chief economist tempered expectations of more hikes after the summer. The pair is grinding the support-turned-resistance of 1.0960 from the start of the mid-May sell-off.…
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GBPUSD rallies on high rate expectations Cable inches higher as the Bank of England is expected to stay hawkish. As inflation in the UK remains above 8%, the highest among major economies and seems to be stickier than in the US or…
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Over the last week, Chinese authorities have taken a series of measures to prop up the economy. That could be seen initially as a good sign for the global economy and commodity prices. But if the economy is doing well, then it typically…
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