Monthly Archives: August 2025
After a BoE rally, GBP/USD steadies around 1.3450, showing potential for a downward correction
Written on August 8, 2025 at 5:21 pm, by davin
GBP/USD is steady at 1.3450 post-BOE’s surprise rate cut, raising concerns over inflation and recession. With key support at 1.3156, traders eye possible long positions amid economic uncertainty. – vtmarketsmy.com
The NZD/USD pair tries to break above the 50-day EMA, hovering around 0.5960
Written on August 8, 2025 at 5:21 pm, by davin
The NZD/USD pair remains stable at 0.5960, influenced by weak US labor data and rising unemployment in New Zealand. Traders consider options strategies, anticipating volatility as central bank policies unfold. – vtmarketsmy.com
European indices display mixed results: Germany and the UK are unchanged, while Spain, Italy, and France see gains.
Written on August 8, 2025 at 4:23 pm, by davin
European indices showed mixed results, with Spain and Italy leading gains following strong economic signals. The UK lagged due to ongoing economic concerns. Key data releases ahead may shift market sentiment. – vtmarketsmy.com
India’s bank loan growth rose to 10% in July, up from 9.8% earlier
Written on August 8, 2025 at 4:23 pm, by davin
Bank of England’s rate cut to 4% impacts GBP/USD negatively, while India’s loan growth signals economic strength. Meanwhile, Bitcoin rallies towards $118,000 amid bullish cryptocurrency trends. – vtmarketsmy.com
President Trump nominates Stephen Miran for FOMC seat, pending Senate approval, say analysts
Written on August 8, 2025 at 4:22 pm, by davin
Trump’s nomination of Stephen Miran to the Federal Open Market Committee hints at potential rate cuts amid rising jobless claims, influencing market volatility and currency dynamics ahead of impending inflation data. – vtmarketsmy.com
India’s foreign exchange reserves fall to $688.87 billion from $698.19 billion
Written on August 8, 2025 at 4:22 pm, by davin
India’s forex reserves dropped to $688.87 billion, impacting the rupee. Meanwhile, currencies and commodities fluctuate amid strong USD, with Bitcoin nearing $118,000. Watch for market volatility! – vtmarketsmy.com
This week, USD/JPY consolidated at 147.84, with analysts awaiting upcoming US CPI data.
Written on August 8, 2025 at 4:22 pm, by davin
The USD/JPY remains stable at 147.84 as markets await crucial US CPI data, influencing Federal Reserve decisions. Political uncertainties and yield differentials may impact future currency movements. – vtmarketsmy.com
Musalem shared a balanced view, noting stable economic activity and cautious company strategies in response to tariffs.
Written on August 8, 2025 at 4:21 pm, by davin
Economic activity stabilizes as labor shortages persist. Companies cut costs and avoid layoffs, while tariff impacts linger. The Fed balances inflation and employment, hinting at steady interest rates ahead. – vtmarketsmy.com
Tech sectors thrive as communication services and electronics show strong gains, boosting investor confidence and strategies
Written on August 8, 2025 at 4:21 pm, by davin
Markets show cautious optimism, driven by tech growth. Financial stocks offer stability. Traders should focus on tech options, especially for GOOG, AAPL, and TSLA, while leveraging low volatility for strategic plays. – vtmarketsmy.com
Buyers and sellers compete in USDCHF, causing price fluctuations that reflect key technical levels.
Written on August 8, 2025 at 3:21 pm, by davin
USDCHF is fluctuating between support at 0.8040 and resistance at 0.8089 amid tariff news and solid U.S. economic data. Traders face risks as unexpected trends could disrupt this range. – vtmarketsmy.com