Trump Tariffs Spook Traders as Dow Drops 300 Points! – Orbex Forex Trading Blog

USD/JPY’s rise from 139.87 resumed by breaking through 157.88 last week. Initial bias stays on the upside this week for 161.8% projection of 142.66 to 150.90 from 145.47 at 158.80. Firm break there will pave the way to 200% projection at 161.95, which is close to 161.94 high. For now, outlook will stay bullish as…

The Euro found some respite on Friday versus its counterpart the Greenback, which enjoyed a short-live rally of just two days, but erased Thursday’s gains on Friday as depicted by the US Dollar Index (DXY). A risk-on impulse weighed on the Dollar’s safe-haven appeal, while an uneventful ECB monetary policy decision on Thursday, left traders…

The US stock market experienced an upswing following the release of inflation data yesterday. According to ForexFactory:→ The annual Consumer Price Index (CPI) matched expectations at 2.9%.→ The monthly Core CPI came in at 0.2%, below analysts’ forecast of 0.3%. Market participants interpreted this as a positive signal, leading to the S&P 500 index (US…

2025.05.23 2025.05.23 GBP/USD: Elliott Wave Analysis and Forecast for 23.05.25 – 30.05.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3245 with a target of 1.3750 – 1.4000. A buy signal: the price holds above 1.3245. Stop Loss: below 1.3190, Take Profit:…