The dollar: from debt crisis to currency crisis

• The USD index is falling against a favourable backdrop.

• Eroding confidence in the Fed is weighing on the US dollar.

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🇺🇸 US Pre-Market: Mostly Positive 📈

Positive momentum is prevailing in the US stock market pre-market, with gains in major technology and retail stocks setting the overall tone.

In the Information Technology sector, NVIDIA (NVDA) is up 0.59%, while Advanced Micro Devices (AMD) is up 1.27%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.85%, while Bank of America (BAC) is up 0.63%.

In the Consumer Discretionary sector, Amazon (AMZN) is up 0.75%, while in the Consumer Staples sector, Walmart (WMT) is down 0.15%.

Given that the largest names by market cap are posting gains, market sentiment is distinctly risk-on: interest is shifting toward equities, while demand for the dollar as a safe-haven asset remains subdued.

Platinum Wave Analysis – 21 August 2026

– Platinum broke resistance zone

– Likely to rise to resistance level 2000.00

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Bitcoincash Wave Analysis – 21 August 2026

– Bitcoincash broke resistance zone

– Likely to rise to resistance level 300.00

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DAX Index Wave Analysis – 21 August 2026

DAX Index: ⬆️ Buy

– DAX reversed from pivotal support level 25875.00

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Zcash Wave Analysis – 21 August 2026

– Zcash broke multiple resistance levels

– Likely to rise to resistance level 675.00

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🗓 Economic Calendar at 2026/08/24 (GMT)

22:45 🇳🇿 Retail Sales — Exp: 0.1% | 0.3% Actual: -0.5% | 0.7%


[Updated in real time]

🗓 Economic Calendar at 2026/08/25 (GMT)

18:00 🇺🇸 Treasury Secretary Scott Bessent Speaks

01:30 🇦🇺 Monetary Policy Meeting Minutes


[Updated in real time]

The forex market is switching to a ‘debasement trade’

A loss of confidence in currencies and bonds is leading to capital outflows

CHF and JPY benefited as a result of the Treasury’s actions

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Stock market: Will money flow into Europe?

The Treasury’s plan to lower bond yields risks triggering a ‘Sell America’ trade.

European shares are currently underperforming their US counterparts, but the gap is narrowing.

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Tesla Wave Analysis – 24 August 2026

– Tesla reversed from resistance zone

– Likely to fall to support level 340.00

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Verizon Wave Analysis – 24 August 2026

– Verizon broke key resistance level 48.75

– Likely to rise to resistance level 51.45

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Filecoin Wave Analysis – 24 August 2026

– Filecoin reversed from resistance level 0.810

– Likely to fall to support level 0.7000

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Uniswap Wave Analysis – 24 August 2026

– Uniswap reversed from resistance level 4.545

– Likely to fall to support level 4.000

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🗓 Economic Calendar at 2026/08/26 (GMT)

08:00 🇩🇪 Ifo Business Climate — Exp: 87.2 Actual: 88.8

08:00 🇩🇪 IFO - Current Assessment — Exp: 87.0 Actual: 88.5

08:00 🇩🇪 IFO - Expectations — Exp: 87.5 Actual: 89.1

14:00 🇺🇸 CB Consumer Confidence — Exp: 90.3 Actual: 89.4

14:00 🇺🇸 New Home Sales — Exp: 620K Actual: 607K | -10.5%

01:30 🇦🇺 ⚡️ Consumer Prices Index — Exp: 0.8% | 3.2% Actual: 1.0% | 3.5%

01:30 🇦🇺 RBA Trimmed Mean CPI — Exp: 0.3% | 3.5% Actual: 0.5% | 3.6%

01:30 🇦🇺 RBA Weighted Median Actual: 0.4% | 3.6%


[Updated in real time]

Is confidence returning to the Dollar?

• The US launch of Operation ‘Economic Outcast’ against Iran has boosted the dollar.

• Oil prices fell on the back of the news, but the outlook for Brent looks ‘bullish’.

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▶️ Pro News Flash: Bitcoin’s Big Comeback

₿ Bitcoin has recorded its best weekly gain in three years as the ‘debasement trade’, fresh ETF inflows and Donald Trump’s push for Congress to pass the Clarity Act fuel renewed momentum.

📈 The breakout accelerated after the US Treasury signalled plans to increase purchases of long-term Treasuries, with markets viewing the move as financial repression and shifting towards alternative assets like Gold and digital currencies.

💰 Bitcoin-focused ETFs recorded $1.92 billion in inflows over the week, their largest since early October 2025, while short-position liquidations and increased purchases by crypto treasury companies added further fuel to the rally.

🚀 Strategy has announced an additional $1.59 billion reserve that could be used to purchase Bitcoin, while Standard Chartered says the current rally could make its $100,000 year-end Bitcoin forecast overly conservative.

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