UK Jobs data, GDP, and the BOE’s Reluctance to Cut – Orbex Forex Trading Blog

I’m sure you’ve heard your fair share of inspirational, zero-to-hero success stories. I’m also willing to bet that at least once in your life, you’ve said to yourself, “Hey, maybe I can make it too.” However, I think very few people understand the amount of dedication that successful people have – whether it’s in sports,…

NZD/JPY mildly rose to 89.30, testing the 20-day SMA. The RSI is near 50 while the MACD shows flat green bars, signaling that the momentum is sideways. A jump above the 20-day SMA would confirm a bullish outlook. The NZD/JPY pair gained ground in Friday’s session, climbing to 89.30. The uptick follows side-ways movements during…

Daily Pivots: (S1) 196.89; (P) 197.35; (R1) 198.05; More… Intraday bias in GBP/JPY remains neutral as range trading continues below 199.79. Further rally is expected as long as 55 D EMA (now at 195.24) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will…

Following a price rejection at the $0.003 level, Dash 2 Trade (D2T) consolidated around the $0.0024 level for several trading sessions. While descending peaks suggested a potential breakdown at $0.0024, indicating growing bearish momentum, bullish forces have demonstrated resilience by initiating a recovery. Key Levels to Watch: Resistance: $0.015, $0.016, and $0.017 Support: $0.0020, $0.0018,…

The US dollar reversed course last week, shaking off earlier weakness and surging towards the 105 level on the back of positive employment data. Optimism about a potential rate cut by the Federal Reserve (Fed) quickly faded as the nonfarm payrolls report came in significantly higher than expected, defying weaker leading indicators released earlier in…