Orbex - Forex Trading Library

The Federal Reserve Bank held its monetary policy meeting yesterday. As widely expected, the central bank left interest rates unchanged. It signaled that rates will remain steady while affirming its commitment to higher inflation. The…
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The current structure hints to further upside as part of the cycle degree w-x-y-x-z triple zigzag. With primary wave Ⓒ completed, the recent ascent could form a 5-wave move as part of the final bullish leg near 1.002. Since the…
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Throughout last week, the view of analysts was that the PMIs published on Friday would be decisive as to whether the BOE cut rates during its first meeting of the year. But, in the end, the data split the difference and just increased…
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The US dollar index is building upon the strong patch of economic data. The index is currently seen extending gains for four consecutive sessions so far. But the momentum could stall ahead of the FOMC meeting due later in the week. The…
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The Federal Reserve Bank will be concluding its two-day monetary policy meeting today. Heading into the interest rate decision, the consensus is loud and clear that the Fed will not tinker with the Fed funds rate, leaving them steady at…
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Despite the concerns about the potential economic impact from the wildfires and the spread of the coronavirus, the Australian Dollar has been moving higher this month. The data coming out next could give that trend a further nudge, and…
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Equity markets extended the declines from Friday’s close. The weakness comes as investors remain concerned about the coronavirus outbreak. Cases have now been registered in the United States, France, and Australia, besides China. The…
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There is a projected pattern on the USDJPY structure above that suggests further upside after the successful completion of primary wave ②. It assumes that January’s low at 107.65 ended with cycle wave b, which hints to 5-wave bullish move…
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It's normal to assume there will be a change in policy when an institution has a change of leadership. In fact, it's kind of unavoidable. Even for an institution like the ECB which has a mandate of maintaining stability, there are different…
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