Monthly Archives: August 2025
The EURUSD is consolidating above key levels, showing bullish control and potential for upward movement.
Written on August 8, 2025 at 8:22 pm, by davin
The EURUSD is holding strong above key support levels, targeting 1.1700. Traders should watch for a breakout or breakdown, as market dynamics suggest decisive movements ahead. – vtmarketsmy.com
Analysts from UOB Group suggest that the USD may not drop below 145.8 against the JPY.
Written on August 8, 2025 at 8:22 pm, by davin
The US Dollar may decline against the Japanese Yen but is unlikely to drop below 145.80. Analysts suggest volatility strategies amid current market stabilization, as wide-ranging factors influence currency movements. – vtmarketsmy.com
Scotiabank strategists report that the pound tested the 1.3450 level multiple times overnight.
Written on August 8, 2025 at 8:22 pm, by davin
GBP is showing cautious strength after the Bank of England’s recent rate cut, though it faces resistance at 1.3450. Traders may consider selling volatility as markets stabilize. – vtmarketsmy.com
This week, GBPUSD increased but hit resistance near the 50% retracement level for traders.
Written on August 8, 2025 at 8:22 pm, by davin
GBPUSD is testing the crucial 1.3463 resistance level after a recent rise. Traders should watch for a breakout to 1.3540, but prepare for pullbacks if resistance holds strong. – vtmarketsmy.com
Upward momentum indicates the New Zealand Dollar may reach 0.5980, but lasting gains appear unlikely.
Written on August 8, 2025 at 8:21 pm, by davin
The New Zealand Dollar faces resistance at 0.5980, with support at 0.5945. As momentum wanes, traders should consider strategies based on a potential range-bound movement between these levels. – vtmarketsmy.com
Scotiabank analysts observe that the Euro is trading lower today, but it still has a net gain for the week.
Written on August 8, 2025 at 7:22 pm, by davin
The Euro cools slightly but retains weekly gains, hovering between 1.16 and 1.17. Market shifts, upcoming US inflation data, and gold prices signal upcoming volatility. Opportunities await traders! – vtmarketsmy.com
The Australian dollar’s upward momentum indicates that the key resistance level of 0.6555 might be out of reach.
Written on August 8, 2025 at 7:22 pm, by davin
The Australian Dollar is expected to trade within a tight range (0.6450-0.6555) due to weak momentum. Traders may find opportunities in options strategies to profit from this low volatility. – vtmarketsmy.com
Huw Pill from the BoE comments on the sustainability of recent rate cuts amid changing economic behaviors.
Written on August 8, 2025 at 7:22 pm, by davin
The Bank of England signals a cautious approach to interest rate cuts amid rising inflation risks. With the GBP/USD stable, traders should brace for potential market shifts and rethink positions. – vtmarketsmy.com
Trump administration aims to clarify gold bar import duties, which could significantly impact Comex gold prices
Written on August 8, 2025 at 7:21 pm, by davin
The Trump administration plans to exempt gold bar imports from tariffs, impacting market volatility. Traders should prepare for price swings as gold remains supported by strong demand and inflation concerns. – vtmarketsmy.com
Despite currency fluctuations, the CAD remains strong against the USD ahead of employment figures.
Written on August 8, 2025 at 7:21 pm, by davin
The Canadian Dollar gains strength after a surprise job increase of 45,000 in July, pushing USD/CAD lower. Traders should consider selling USD/CAD calls as volatility decreases. – vtmarketsmy.com