Monthly Archives: January 2026
Euro weakens against the Dollar for the seventh consecutive day following mixed US employment data
Written on January 9, 2026 at 8:27 pm, by davin
The EUR/USD pair faces pressure as mixed US labor data strengthens the dollar. Traders eye strategies like put options on Euro while watching key upcoming economic events for potential shifts. – vtmarketsmy.com
Carsten Fritsch from Commerzbank notes a sharp decline in gold and silver prices, then a recovery
Written on January 9, 2026 at 8:26 pm, by davin
Gold and silver prices plunged, reflecting market uncertainty, while the US Dollar strengthened. Upcoming US CPI data may influence further market movements. Stay alert for continued volatility and potential opportunities. – vtmarketsmy.com
Market reactions to Tesco and Sainsbury’s recent positive updates seemed confusing during the podcast discussion.
Written on January 9, 2026 at 8:26 pm, by davin
Tesco and Sainsbury’s show sales growth amid economic challenges, yet their shares drop, raising questions about market sentiment. Primark faces difficulties. Key support levels may signal potential rebounds for investors. – vtmarketsmy.com
Scotiabank strategists say the Canadian dollar stays stable even as the US dollar strengthens
Written on January 9, 2026 at 8:26 pm, by davin
The Canadian Dollar remains steady against the US Dollar amidst strong employment data, with traders strategizing around key resistance levels. Market momentum suggests potential USD advances, creating profitable trading opportunities. – vtmarketsmy.com
Gold gains slightly after US labor data, trading near $4,490 after recovering from $4,400
Written on January 9, 2026 at 7:27 pm, by davin
Gold prices rise to $4,490 amid mixed US labor data and geopolitical tensions. Market focus shifts to inflation expectations and potential Federal Reserve rate cuts, influencing traders and gold’s outlook. – vtmarketsmy.com
EUR/GBP shows indecisiveness around 0.8670 due to conflicting data affecting its outlook
Written on January 9, 2026 at 7:26 pm, by davin
UK economic indicators weaken the Pound Sterling as employment data looms. With high wage growth and mixed signals, traders are eyeing EUR/GBP fluctuations and potential profit strategies in currency trading. – vtmarketsmy.com
During the European session, GBP trades near its weekly low of about 1.3420 against USD.
Written on January 9, 2026 at 7:26 pm, by davin
The US Dollar’s strength pressures the Pound Sterling, trading near 1.3420. Upcoming US economic data may further impact currencies, while Gold prices soar amidst risk aversion in the market. – vtmarketsmy.com
In December, Canada’s unemployment rate rose to 6.8%, exceeding expectations of 6.6%, even as employment increased.
Written on January 9, 2026 at 7:26 pm, by davin
Canada’s unemployment rate rose to 6.8% in December, surprising markets as wage growth slows. The Bank of Canada’s dovish stance and weakening job market suggests potential bullish trends for USD/CAD. – vtmarketsmy.com
In September, US building permits increased to 6.4%, rebounding from a decline of -3.7%
Written on January 9, 2026 at 6:27 pm, by davin
US building permits surged 6.4%, signaling economic momentum, while gold climbs above $4,500 amidst market fears. The stronger dollar pressures currencies and crypto demand wanes. Economic forecasts tighten. – vtmarketsmy.com
In September, U.S. housing starts decreased slightly to 1.306 million from 1.307 million.
Written on January 9, 2026 at 6:26 pm, by davin
US housing starts barely changed at 1.306 million in September. The strong dollar, fluctuating oil prices, and evolving cryptocurrency market dynamics set the stage for upcoming market movements and potential inflation signals. – vtmarketsmy.com