• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

The dollar index fell to a new annual low on Wednesday

by August 23, 2024
written by August 23, 2024

The dollar index fell to a new annual low on Wednesday

On Wednesday evening, we saw the creation of a new low dollar index at the 100.92 level

Dollar index chart analysis

On Wednesday evening, we saw the creation of a new low dollar index at the 100.92 level. After eight months, the dollar again fell below the 101.00 level. We stabilized this time and saw the initiation of bullish consolidation yesterday. The index climbed to 101.62 and jumped over the EMA 50 moving average.

During this morning’s Asian trading session, the dollar made another retreat, this time to the 101.20 level. There, it gets new support and forms a higher low compared to the previous one. We are now at 101.42 and will try to get the EMA 50 moving average support again. This time, it would mean more concretely, and we could hope for the initiation of bullish consolidation and the recovery of the dollar index. Potential higher targets are the 101.80 and 102.00 levels.

https://www.tradingview.com/x/2IOKo8Pc/

 

The index is positive for the second day in a row and could continue its recovery next week

For a bearish option, we need bearish consolidation moves and a drop below the 101.20 level. This will form a new daily low and confirm the increase in bearish momentum. After that, we have to watch the dollar retreat to lower levels. Potential lower targets are 101.00 and 100.80 levels.

From the news today, we single out Japanese core inflation, which rose from 2.6% to 2.7%. There is no significant news in the EU session. Later in the US session, we have the New Home Sales report, and Federal Reserve Chair Jerome Powell is to speak. During his speech, we expect increased volatility of the dollar index. Powell will talk about the state of the US economy and the Fed’s future interest rate moves.

 

The post The dollar index fell to a new annual low on Wednesday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
AUDUSD and AUDNZD: AUDUSD has an opportunity to recover
next post
EURAUD and EURNZD: EURAUD in a new bearish consolidation

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • FBI calls for public tips on children hurt in ‘gender-affirming’ surgeries

    June 3, 2025
  • Trump shoots down rumors he will seek 3rd term: ‘Not something I’m looking to do’

    May 4, 2025
  • Democrat lawmaker freezes on House floor after suffering adverse reaction to medication

    February 11, 2025
  • Karine Jean-Pierre arrives for House Oversight grilling in Biden autopen probe

    September 12, 2025
  • Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,592)
  • Investing (634)
  • Stock (946)

Latest Posts

  • ApeCoin and Akita Inu: Akita Inu records a new weekly low

    September 26, 2024
  • US consumer sentiment plunges to lowest level in over a decade as trade tensions escalate

    April 11, 2025
  • Rubio doubts ‘anything productive’ will happen in Ukraine peace talks without Trump, Putin

    May 15, 2025

Recent Posts

  • Trump says minerals deal has been ‘pretty much’ negotiated with Zelenskyy, meeting slated for Friday

    February 26, 2025
  • Bernie Sanders calls for RFK Jr. to resign as HHS secretary over vaccine policies: ‘Rally the American people’

    September 1, 2025
  • Republican Rep. Joe Wilson announces plan to propose $250 bill featuring Trump

    February 27, 2025

Editor’s Pick

  • Trump posts ‘how it’s going’ message contrasting Time Person of the Year cover with mugshot

    December 14, 2024
  • Hezbollah fires barrage of rockets into Israel after IDF targets Hezbollah command centers in Beirut

    November 25, 2024
  • Project 2025 leader steps down amid criticism from Trump

    July 30, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock