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Showing posts with the label market crash

Crash Incoming? Kiyosaki Warns Of ‘August Curse’ And Reveals His Bitcoin Buy Zone

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US Dollar Is Being Wiped Out: Analyst Urges Traders to Buy New Assets

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The DXY index, which tracks the performance of the US dollar shows the currency falling below the 100 mark. The US dollar is now hovering around the 99.30 mark on Monday and is attracting heavy bearish sentiments. It dipped by 0.74% shedding close to 0.74 points in the charts on the opening bell. Traders who went long on the greenback this year are all underwater as their portfolios turned deep red. Also Read: G7 Central Banks Confront US Chaos: ECB to Cut Rates, Canada Watches Inflation Source: MarketWatch Taking an entry position now is considered risky as the US dollar is yet to bottom out in the charts. The currency is experiencing a downturn after Trump announced sanctions on over 185 countries early this month. However, he announced a 90-day pause on tariffs after the US stock market crashed but the development is not helping the USD and the markets either. Also Read: Currency Surprise: These 9 Currencies Are Outperforming The US Dollar The US Dollar Getting Wiped Out: Invest in ...