Monthly Archives: September 2025
The declaration of force majeure at Indonesia’s Grasberg mine shows how vulnerable the copper market is to changes in sentiment.
Written on September 27, 2025 at 2:36 am, by davin
Copper prices jumped nearly 5% after Indonesia’s Grasberg mine declared force majeure, heightening supply concerns despite a global surplus. Volatility looms, offering opportunities for savvy traders. – vtmarketsmy.com
UOB Group expects the US Dollar to reach 7.1500 before a pullback
Written on September 27, 2025 at 2:36 am, by davin
The US Dollar is poised to test the critical 7.1500 level, with potential for a breakout toward 7.1600. Economic divergence between the US and China fuels this upward momentum. – vtmarketsmy.com
Market sentiment in copper remains fragile, emphasized by a nearly 5% price increase following a force majeure declaration.
Written on September 27, 2025 at 2:36 am, by davin
Copper prices spiked nearly 5% after Indonesia’s Grasberg mine declared force majeure, revealing market anxiety about supply despite a 3.4% rise in global output and a 100,000-ton surplus this year. – vtmarketsmy.com
Markets are monitoring PMI data as the offshore Chinese Yuan hovers around 7.14 against the US Dollar.
Written on September 27, 2025 at 2:35 am, by davin
The offshore Chinese Yuan (CNH) remains steady at 7.14 against the USD as cautious markets await key data. Mixed PMI results signal uncertainty in China’s economy, highlighting ongoing challenges. – vtmarketsmy.com
UOB Group analysts predict USD/JPY may reach between 149.20 and 150.15.
Written on September 27, 2025 at 2:35 am, by davin
The US dollar shows potential for continued strength towards 150.15, but faces significant resistance and overbought signals. Traders should consider strategies that hedge against possible volatility and declines. – vtmarketsmy.com
Markets await PMI data as the offshore Chinese Yuan stabilizes around 7.14 against the USD
Written on September 27, 2025 at 1:37 am, by davin
The Chinese Yuan holds steady at 7.14 against the US Dollar amid economic caution. Upcoming PMI data is crucial for understanding China’s manufacturing and services, influencing potential market movements. – vtmarketsmy.com
UOB Group suggests that the USD’s potential rise may be limited to a range of 149.20 to 150.15.
Written on September 27, 2025 at 1:37 am, by davin
The US Dollar may rise to 150.15 given current momentum, but risks and overbought conditions suggest potential struggles ahead. Caution is advised as traders face key support levels. – vtmarketsmy.com
GBP/USD rises as US dollar weakens, ending two-day decline for Pound
Written on September 27, 2025 at 1:36 am, by davin
The British Pound rebounded against the US Dollar after hitting a seven-week low, influenced by key US economic data and UK inflation concerns. Market volatility is anticipated as central bank policies evolve. – vtmarketsmy.com
China’s gold imports declined by 3.4% in August, affecting physical demand despite rising prices.
Written on September 27, 2025 at 1:36 am, by davin
Rising gold prices boost ETF investments but decrease physical demand, with China’s imports dropping. Dealers offer steep discounts, indicating market shifts. Traders should adopt strategies focusing on volatility for potential gains. – vtmarketsmy.com
The British pound rises against the US dollar, reversing a two-day decline in GBP/USD
Written on September 27, 2025 at 1:36 am, by davin
The British Pound has rebounded against the US Dollar after a decline, stabilizing as inflation concerns could impact future rate hikes. Market volatility is anticipated ahead of the next Bank of England meeting. – vtmarketsmy.com