Dow Jones – 29.10.2025 – Orbex Forex Trading Blog

Platinum (PL) has broken out of its bearish channel this month, signaling strong bullish trend momentum. This article explores the latest long-term Elliott Wave technical outlook. Platinum (PL) Monthly Elliott Wave Chart The monthly platinum chart indicates that the Grand Cycle wave ((II)) correction concluded at 562. The metal has since turned bullish, advancing in…

Geopolitical Crises and Market Psychology Israel-Iran War: What Markets Should Fear the Most One common trait of geopolitical or financial crises is that markets tend to price in worst-case scenarios in the early stages. As events evolve, investors begin to reassess the true scale of the threat. It can take days, weeks, or even months…

By Hannah Lang and Greta Rosen Fondahn NEW YORK/LONDON (Reuters) – The euro held steady against the dollar in skittish trading on Monday as investors awaited U.S. inflation data later this week, while the Australian and New Zealand dollars rallied after China pledged an “appropriately loose” monetary policy next year. While markets have priced in…

EUR/USD’s fall from 1.1213 extended to as low as 1.0760 last week before forming a temporary bottom there and recovered. Initial bias remains neutral this week for consolidations. Further decline is expected as long as 1.0871 resistance holds. Below 1.0760 will target 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target…

The NZD/USD pair gathers strength to near 0.5910 during the Asian trading hours on Friday. The potential upside might be limited amid the ongoing conflict in the Middle East. The US employment report for February will be the highlight later on Friday.  Iran has retaliated by firing missiles and drones across the Gulf region, striking…