Dow Jones – 01.11.2024 – Orbex Forex Trading Blog

Keir Starmer welcomes Iran war ceasefire as he heads to Gulf to meet regional leaders Good morning. Keir Starmer has welcomed the ceasefire agreement between the US and Iran. Here is Andrew Roth’s story about the overnight news. And this is what Starmer has said, in a statement issued by No 10 this morning. double…

Trend traders gather ’round! GBP/NZD may be in for a bearish swing as it struggles to make new September highs near a key resistance zone. Will it lead to the pair extending its months-long downtrend? GBP/NZD 4-hour Forex Chart by TradingView The New Zealand dollar is recovering from when traders worried about China’s data releases…

By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on January 28th. This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong…

Daily Pivots: (S1) 140.66; (P) 143.58; (R1) 145.08; More… Intraday bias in USD/JPY remains on the downside for the moment. Fall from 146.48 is in progress for retesting 139.578. Strong support could be seen again from 139.26 fibonacci level to bring rebound. However, firm break of 139.26 will carry larger bearish implications. In the bigger…

Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…