BOE Rate Decision: A Likely Hold Before the Data – Orbex Forex Trading Blog

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Key takeaways RBA pause likely: Hotter-than-expected inflation and a rebound in Australia’s services sector may prompt the RBA to halt its rate-cut cycle in November and December. AUD/USD supported: Renewed rate-differential advantage and easing U.S.–China tensions could lend short-term upside momentum to the Australian dollar. Key levels to watch: AUD/USD remains bullish above 0.6515 support,…

EUR/USD gyrated lower last week but recovered ahead of 38.2% retracement of 1.0358 to 1.0953 at 1.0726 as expected. Initial bias stays neutral this week first. On the upside, break of 1.0857 minor resistance will suggest that correction from 1.0953 has completed already. Retest of 1.0953 should be seen first. Firm break there will resume…

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