EUR/USD weakness unlikely to stay as dollar bears to return: BofA

2025.01.10 2025.01.10 WTI Crude Oil: Elliott Wave Analysis and Forecast for 10.01.25 – 17.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After correction ends, consider short positions below the level of 78.88 with a target of 61.50 – 53.60. A sell signal: the price holds below 78.88. Stop Loss: above…

Dollar strengthened this week as Japan’s Takaichi election weakened the yen, RBNZ’s surprise rate cut lowered the Kiwi, French politics pressured the euro, and Trump’s tariff threats triggered risk-off flows. Source link

It would be easy to assume that President Trump is now targeting the BRICS alliance, with India, Russia, and Brazil currently under scrutiny. Favorable market conditions in August hinge on the continuation of the US-China truce. Shifting away from global politics, today’s attention centers on the US ISM services data. USD: BRICS Under Scrutiny The…

Argentine farmers stall soy sales over murky FX outlook Source link

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