Daily FX Market Review: U.S. Dollar Hits Its Lowest Point of the Year!

The U.S. dollar reached its lowest point of the year on Tuesday as market participants anticipated the Federal Reserve’s upcoming interest rate cuts. The dollar has dropped to levels not seen since early January, reflecting expectations that the U.S. central bank will begin lowering rates next month. This decline is factoring in a “soft landing” and rate cuts, which…

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Dow Jones churns near fresh highs on Tuesday

The Dow Jones Industrial Average cycled familiar territory on Tuesday. The equity index is holding near 41,000.00 as investors take a breather. Equities poised for further upside as investors brace for Jackson Hole. The Dow Jones Industrial Average (DJIA) churned on Tuesday, eking out a fresh two-week high near the 41,000.00 handle but overall holding close to the day’s…

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US Dollar May See Sell-off. Forecast as of 20.08.2024

2024.08.20 2024.08.20 US Dollar May See Sell-off. Forecast as of 20.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As stock indices continue to rally, the derivatives market points to a high risk of a sell-off in the US dollar. The currency is sold on rumors of Jerome Powell’s possible dovish rhetoric. When is it time to buy on the facts? Let’s discuss this topic…

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Structurally still weaker – Commerzbank

The JPY has been on a wild ride in recent weeks, gaining over 14% against the US Dollar (USD) in just 18 trading days before retreating about 4% to stabilize around 147. Structurally, we continue to expect a weaker JPY, albeit now from a higher level, Commerzbank’s FX strategist Volkmar Baur notes. USD/JPY to strengthen over the course of…

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Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 20.08.2024

2024.08.20 2024.08.20 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 20.08.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: the pair is expected to continue declining in correction (2) toward 55901.27. Consider short trades at the current level with…

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Iran says it may take a ‘long’ time to retaliate against Israel

Israel – Iran A spokesman for the Islamic Revolutionary Guard in Iran today laid out an uncertain timeline for an attack on Israel in response to the assassination of Hamas’ political leader in Tehran. “Time is on our side and it’s possible that the waiting period for this response will be long,” Islamic Revolutionary Guard Corps Spokesman Ali Mohammad…

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