US President Donald Trump said that while the US is prepared to strike Iran again at any time, he doesn’t expect the renewed fighting to last “too long,” Reuters reported on Wednesday. Iran’s Supreme Leader Mojtaba Khamenei said that Iran’s armed forces have “unforgettable lessons” in store for the US in his first message since fighting resumed after a month of relative calm.

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In-Depth Analysis

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.

The debasement trade: Could the US Dollar become the next casualty?

60 days to pay: Nvidia is financing its own demand

Canada hits US goods with tariffs; The rate market sees a problem

On September 8, Canada begins charging its own importers 15%, 25% and 50% on roughly 700 lines of American goods. The measure is billed as dollar for dollar, and on the arithmetic of covered trade it is. What it is not is a tax on the United States.

The Japanese Yen’s historic rescue is running out of steam

XRP surged 72%, but is the rally really about XRP?

Cryptocurrencies

XRP slips near key support as geopolitical tensions re-escalate

Ripple (XRP) continues to trim gains on Wednesday, trading around $1.32 at the time of writing. The remittance token came under pressure after a massive 72% rally from $1.00 to $1.70 in August stalled on profit-taking and the need to moderate in search of fresh liquidity.

Crypto Today: Bitcoin, Ethereum, XRP edge lower as renewed US-Iran tensions weigh

The cryptocurrency market is pulling back broadly on Wednesday as investors adopt a cautious stance, with Bitcoin consolidating near its short-term support at $77,000. Ethereum remains under pressure, slipping toward $2,400. Ripple is also trending lower.

Bitcoin faces pressure as ETF outflows, Fed rate-hike bets weigh

Bitcoin remains under pressure, trading around $77,600 on Wednesday after slipping 1.45% the previous day. Rising energy prices amid fresh US-Iran tensions alongside growing expectations for Fed interest rate hikes could weigh on BTC.

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Stocks

XOM stock finds buyers after Elliott Wave double three pattern

In this technical blog, we’re going to take a quick look at the Elliott Wave charts of Exxon Mobil Corporation (XOM) stock, published in the members’ area of the website. Recently, XOM completed a three-wave structure from the peak, unfolding as an Elliott Wave Double Three pattern. The stock found buyers right at the Equal Legs zone.

Weekly Forecast

EUR/USD: US rate hike back on the table, US Dollar up

The EUR/USD pair pulled back in the last full week of August, settling a handful of pips below the 1.1600 mark. The US Dollar (USD) was able to post a comeback after suffering steady losses throughout the month, exacerbated by the United States (US) Department of the Treasury announcement of increased long-bond buybacks on August 19.

The Japanese Yen gives up the big figure intervention won back

Japan delivered the inflation and labour data the Bank of Japan needs to move next month and the Japanese Yen is weaker for a fifth consecutive session. Tokyo Consumer Price Index (CPI) inflation excluding food and energy reached 2% in August, the headline rate rose to 1.9%, and unemployment fell to 2.4% against a 2.5% forecast. USD/JPY takes the 160.00 handle regardless, at the high of the day.

Gold: Bulls take a breather following three-week rally

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows.

US Dollar: Higher for longer is back… and the Dollar likes it

It has already been a positive week for the US Dollar (USD), but a hawkish speech from Chair Kevin Warsh at the Jackson Hole Symposium may have laid the groundwork for a more sustained rebound in the Buck.