From Investing.com: 2024-09-18 10:01:00

The markets anticipate a 0.5% rate cut today, despite currency behavior defying expectations in the past. The value of the euro increased when the European Central Bank cut rates, suggesting the dollar may rally after the Fed cuts rates by 0.25%. The USD Index recently rallied after hitting a previous bottoming area, indicating a potential further increase. Stocks are at a likely upside target, but invalidations could signal declines ahead. World stocks are attempting to break previous highs, but a negative sentiment towards the USD Index may result in a rally, leading to declines in stocks and mining stocks. Gold may rally to $2,730, boosting returns for silver investments but a decline seems unlikely given the USD Index situation.



Read more at Investing.com: US Dollar Gains Momentum While Gold Awaits Fed’s Rate Cut Decision