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Monthly Archives: August 2025
Soft Eurozone PMI data leads to Euro decline against the British Pound, falling below 0.8700
Written on August 5, 2025 at 7:22 pm, by davin
The Euro weakens against the Pound, falling below 0.8700, as disappointing Eurozone PMI data contrasts with better UK figures. Traders anticipate further declines in the EUR/GBP pair amid diverging economic signals. – vtmarketsmy.com
Carney announced that Canada will provide C$700 million in loan guarantees to support the lumber sector.
Written on August 5, 2025 at 7:21 pm, by davin
Canada is investing C$1.2 billion to bolster its softwood lumber industry against US tariffs, aiming to stabilize supply and diversify markets, which may influence lumber futures prices and related stocks. – vtmarketsmy.com
NZD/USD tests critical support levels and struggles to break below the 38.2% retracement level
Written on August 5, 2025 at 7:21 pm, by davin
The NZDUSD hovers near critical support at 0.5882-0.5892, with buyers struggling for momentum. A break above 0.59375 could signal a rally, while falling below 0.5877 risks bearish sentiment. – vtmarketsmy.com
Optimizing taxes with tax-loss harvesting strategies while following the Wash Sale rule
Written on August 5, 2025 at 6:23 pm, by davin
Understanding the Wash Sale rule is crucial for effective retirement planning. Avoid losing deductible losses by strategically managing your trades and timing within the 30-day window to maximize tax benefits. – vtmarketsmy.com
United States trade balance was -$60.2 billion, better than the predicted -$61.6 billion
Written on August 5, 2025 at 6:23 pm, by davin
US trade balance improves slightly, yet the dollar weakens. EUR/USD nears 1.1600, GBP/USD rises above 1.3300, while gold and decentralized finance see growing interest. Exercise caution in high-risk trading. – vtmarketsmy.com
In June, Canada’s imports increased to $67.6 billion, up from $66.66 billion.
Written on August 5, 2025 at 6:22 pm, by davin
Canada’s imports hit $67.6 billion, highlighting strong demand amid trade shifts. Meanwhile, the euro rises and GBP/USD breaks 1.3300 as the dollar falters. Explore lucrative options trades in this volatile market! – vtmarketsmy.com
Canada’s exports rise to $61.74 billion in June, up from $60.81 billion
Written on August 5, 2025 at 6:22 pm, by davin
Canada’s exports soared to $61.74 billion in June, while the weakened US Dollar bolstered the EUR/USD and GBP/USD pairs. DeFi is flourishing, drawing funds away from Bitcoin towards Ethereum and Solana. – vtmarketsmy.com
$58 billion auction of 3-year notes yields 3.669%, indicating weaker foreign demand and dealer commitment
Written on August 5, 2025 at 6:21 pm, by davin
The U.S. Treasury’s recent $58 billion auction of 3-year notes showed weak demand, sparking concerns about investor hesitance. Rates may rise as inflation persists, impacting future bond auctions and volatility. – vtmarketsmy.com
In June, Canada had a merchandise trade deficit of $5.86 billion, exceeding the forecast of $5.8 billion.
Written on August 5, 2025 at 5:23 pm, by davin
Canada’s June trade deficit hit -$5.86 billion, missing forecasts. Meanwhile, the euro and pound strengthen against a weakening US dollar, and gold prices soar near $3,400 amid rising DeFi interest. – vtmarketsmy.com
Investors monitor the Bank of England’s policy announcement, affecting the Pound’s fluctuations against the Dollar.
Written on August 5, 2025 at 5:22 pm, by davin
The Pound Sterling remains steady near 1.3300 as traders await the Bank of England’s expected 25 basis point rate cut. Market preparation could lead to surprising volatility. Keep informed! – vtmarketsmy.com
