BOC Rate Decision: No More Rate Cuts? – Orbex Forex Trading Blog

Our forex strategists targeted the U.K. jobs update and FOMC statement this week for potential short-term opportunities to watch. Out of the four scenario/price outlook discussions this week, two arguably saw both fundie & technical arguments triggered to become a potential candidate for a risk management overlay.  Check out our review on that discussion to…

The current situation for this pair is similar to what we see with EUR/USD. Nothing significantly important happened during the past trading day; the price remained in a very narrow range throughout the day, without deciding which direction to move next.The decision was postponed for some time. Perhaps today…

Despite cooling off from the highs of 65.73, the VIX index continues to trade comfortably above 30, with retail traders once again finding themselves in an increasingly treacherous trading environment. Historically, such elevated volatility has signalled periods of severe market stress, and the consequences for leveraged retail accounts have not been pretty. Periods when the…

If you’ve been watching the yen lately, you’ve noticed that USD/JPY, the currency pair that tells you how many yen one dollar buys, has risen to a number that makes Japanese officials nervous: 160. Right now, the pair is trading around ¥159–159.54. Traders consider this an “Intervention Zone,” an area where the Japanese government has…