Monthly Archives: July 2025
The Redbook Index in the United States increased to 5.9% year-on-year, up from 4.9%
Written on July 8, 2025 at 10:22 pm, by davin
US retail sales show strong growth with the Redbook Index rising to 5.9%. Meanwhile, the AUD/USD rebounds, and New Zealand stabilizes rates, prompting cautious optimism in markets amidst new US tariffs on Asia. – vtmarketsmy.com
Trump confirms that tariffs will begin on August 1, ruling out any extensions.
Written on July 8, 2025 at 10:21 pm, by davin
Tariffs starting August 1 are now confirmed with no extensions. This final decision offers clarity for traders, prompting market positioning as anticipation builds ahead of the implementation date. – vtmarketsmy.com
The U.S. stock market saw improvements in tech and healthcare, but financials struggled today.
Written on July 8, 2025 at 9:22 pm, by davin
The U.S. stock market shows mixed results as tech and healthcare thrive, while financials decline. Strategic portfolio adjustments towards resilient sectors like technology and healthcare could mitigate risks amidst economic uncertainties. – vtmarketsmy.com
In May, Brazil’s retail sales declined by 0.2%, missing forecasts.
Written on July 8, 2025 at 9:22 pm, by davin
Brazil’s retail sales dipped 0.2% in May, missing forecasts, while the AUD/USD rebounded amid a hawkish RBA. Gold prices rose, and XRP hints at an 18% breakout. Stay alert! – vtmarketsmy.com
The EURUSD has pulled back into a key swing area after recent declines this week.
Written on July 8, 2025 at 9:22 pm, by davin
The EURUSD pair has hit a new weekly low, re-entering a significant support zone. A drop below 1.1663 could trigger further declines, enticing traders to monitor key historical levels closely. – vtmarketsmy.com
EUR/USD pair pulls back from earlier highs, continuing its overall downward trend due to trade concerns
Written on July 8, 2025 at 9:21 pm, by davin
The EUR/USD pair struggles to maintain upward momentum amid cautious market sentiment and US trade tensions, with mixed trade data from Europe adding to uncertainty. Watch for upcoming Federal Reserve insights. – vtmarketsmy.com
Ivey PMI for June rises to 53.3, indicating positive movement above neutral
Written on July 8, 2025 at 8:22 pm, by davin
Canada’s Ivey PMI rose to 53.3 in June, signaling modest economic growth. However, declining employment and inventories, coupled with rising prices, indicate caution and potential inflationary pressures ahead. – vtmarketsmy.com
Pound Sterling declines against major currencies amid rising fiscal concerns in the UK
Written on July 8, 2025 at 8:21 pm, by davin
The British Pound is struggling against the US Dollar due to rising UK fiscal concerns and a hefty £4.8 billion welfare bill. Traders eye upcoming UK GDP data and US trade policies for guidance. – vtmarketsmy.com
USDCHF remains strong above moving averages as buyers aim for the 38.2% retracement level
Written on July 8, 2025 at 8:21 pm, by davin
The USDCHF currency pair remains stable, with support at 0.7952. A break above 0.7986 could signal upward momentum, while drops below 0.7945 might lead to declines. Patience is key. – vtmarketsmy.com
The RBA keeps cash rate steady as it waits for CPI data amid ongoing trade tensions and rising yields
Written on July 8, 2025 at 7:21 pm, by davin
The RBA surprised markets by holding its cash rate at 3.85%, prioritizing inflation data. Trade tensions persist globally, affecting equities and currencies, creating opportunities amid evolving economic landscapes. – vtmarketsmy.com