Dow Jones –30.01.2025 – Orbex Forex Trading Blog

In the video above, I take a look at the major currencies versus the US dollar from a technical perspective as the week comes to a close and traders look toward the new trading week. What is the bias, the risks and the targets for each?. Prepare for the new week, by understanding the key…

Interest rate hike expectations are running pretty high for the RBA, so a hotter inflation print could seal the deal for May. Our Event Guide for Australia’s CPI notes that underlying metrics like services inflation could already reflect sticky price pressures, even before energy costs surged during the US-Iran war. Here’s what I’m watching on…

During his speech at Jackson Hole, as reported by Reuters, the Fed Chair unexpectedly focused heavily on the US labour market. Powell stated that weaker employment prospects are unacceptable. As a result of this emphasis, market expectations for a rate cut in September decreased, and the value of the US dollar increased: → On Monday…

EUR/USD extended its rally from 1.1026 to a recent high of 1.1154. However, the subsequent pullback from 1.1154 suggests that the upward move may have completed. What’s Next? Further Decline Expected: In the coming days, another drop is likely, with the next target being the key support level at 1.1026. A break below 1.1026 could…