Orbex Forex Trading Blog

Cable has been trending lower over the last month as investors evaluate the differing rate outlook for the Fed and the BOE. With the Fed widely expected to hike amid a solid economic profile, the BOE’s potential rate is not as supportive of the pound, dragging on the GBPUSD. The major test for the currency pair is this week, with the BOE following the Fed’s rate decision by a...

EURGBP (Sterling) was left licking its wounds after the Euro found another higher high on its way to another peak.

The general expectations among economists and the market are that the Fed will keep rates unchanged at the end of its two-day meeting on Wednesday. However, there is a lot of uncertainty, particularly around the outlook, which could mean the market reacts strongly to the decision or to Fed Chair Warsh’s press conference afterwards. As the geopolitical situation cools a bit an...

The UK 100 (FTSE) was boosted with early rumours that ceasefire talks are ongoing to bring a close to the Middle East conflict.

This week is packed with economic data that could move markets, with EUR/USD among the most exposed currency pairs. Several US events are likely to influence the dollar early in the week, while major Eurozone releases later could shift the pair in the opposite direction. As a result, traders could see sharp swings as US data pushes the pair one way before European data change...