Monthly Archives: July 2025
Raw material price index in Canada exceeds predictions at 2.7%
Written on July 21, 2025 at 8:22 pm, by davin
Canada’s raw material prices unexpectedly rose 2.7%, boosting currency prospects. Meanwhile, gold thrives above $3,400, and XRP approaches record highs, while the US dollar weakens, creating trading opportunities. – vtmarketsmy.com
Fed Powell’s upcoming speech may focus less on economics and policy discussions.
Written on July 21, 2025 at 8:21 pm, by davin
Fed Chair Jerome Powell’s upcoming speech is unlikely to influence monetary policy, but traders should brace for volatility as mixed manufacturing data complicates economic signals ahead of the July rate decision. – vtmarketsmy.com
Canada’s industrial product prices increased by 0.4% in June, surpassing the expected 0.1% rise.
Written on July 21, 2025 at 7:23 pm, by davin
Canada’s industrial prices rose 0.4%, surprising analysts, while a weakened US dollar boosted gold and currency values. China’s steady GDP growth contrasts with sluggish retail, highlighting diverse economic signals and trading opportunities. – vtmarketsmy.com
GBP/USD recovers after three weeks of losses, trading near 1.3450 during the European session
Written on July 21, 2025 at 7:23 pm, by davin
GBP/USD shows signs of recovery after weeks of losses, driven by improved market sentiment and weaker US Dollar. Traders should prepare for volatility ahead of key UK and US economic data. – vtmarketsmy.com
Crude oil futures for September close at $65.95, down by $0.10 with little movement.
Written on July 21, 2025 at 7:22 pm, by davin
US crude oil futures closed at $65.95, down $0.10, amid mixed demand signals and unexpected inventory increases. Traders await potential price movements as geopolitical risks linger. Strategies like straddles may prove advantageous. – vtmarketsmy.com
EUR/USD recovery driven by risk appetite and positive ECB survey after US Dollar decline
Written on July 21, 2025 at 7:22 pm, by davin
The EUR/USD pair is rising as US Dollar decline continues. Positive sentiment bolsters Euro, but trade uncertainties and interest rate differences loom. Watch ECB comments for potential trend shifts ahead! – vtmarketsmy.com
Japanese Yen rises 0.6% against US Dollar after upper house election, outperforming G10 currencies
Written on July 21, 2025 at 7:22 pm, by davin
The Japanese Yen has strengthened against the US Dollar after Prime Minister Ishiba’s coalition lost its upper house majority. Traders should expect short-term dollar weakness, preparing for volatility in the 142-148.50 range. – vtmarketsmy.com
The S&P index nears recent highs, boosted by strong momentum and solid technical support levels.
Written on July 21, 2025 at 7:21 pm, by davin
The S&P and NASDAQ are nearing record highs, driven by strong bullish momentum. Traders are advised to maintain long positions while capitalizing on low volatility conditions for potential gains. – vtmarketsmy.com
Scotiabank strategists note the Pound Sterling is strengthening against the US Dollar.
Written on July 21, 2025 at 6:22 pm, by davin
The Pound Sterling is gaining strength against the Dollar, fueled by improved retail sales and diminishing expectations for Bank of England easing. Traders eye strategic opportunities as technical support strengthens. – vtmarketsmy.com
Scotiabank strategists note that the Euro is stable, with a slight rise to the 1.16 level.
Written on July 21, 2025 at 6:22 pm, by davin
The Euro is stable around 1.16, with an upcoming ECB meeting likely keeping rates unchanged. Traders are advised to adopt range-bound strategies due to current market conditions and potential volatility ahead. – vtmarketsmy.com