Monthly Archives: January 2026
Canadian dollar weakens as oil prices drop, with USD/CAD rising above 1.3800
Written on January 7, 2026 at 6:26 am, by davin
The USD/CAD is above 1.3800 as oil prices drop and traders eye Federal Reserve policy. A strong Canadian dollar is supported by rising oil, creating market stability and range-bound predictions. – vtmarketsmy.com
AUD/JPY drops to around 105.40 during Asian trading after softer Australian CPI data
Written on January 7, 2026 at 6:26 am, by davin
AUD/JPY drops below 105.50 after Australia’s CPI fell to 3.4%, dampening rate hike expectations. With Japan’s uncertain interest rate moves, traders may consider strategies to profit from further declines. – vtmarketsmy.com
WTI faces heavy selling pressure as it struggles to hold above $56.00 amid supply optimism
Written on January 7, 2026 at 5:27 am, by davin
WTI crude prices are plummeting amidst increased supply expectations from Venezuela, reaching their lowest since December. Traders are cautious as global demand concerns and robust US production pressure prices further downward. – vtmarketsmy.com
The PBOC sets the USD/CNY central rate at 7.0187, an increase from the previous rate.
Written on January 7, 2026 at 5:26 am, by davin
The People’s Bank of China has set a weaker USD/CNY rate, signaling a potential devaluation. This move, amid sluggish economic data, suggests a trend towards yuan weakness, impacting traders and markets. – vtmarketsmy.com
Australia’s CPI rose 3.4% year-on-year in November, below the expected 3.7% increase.
Written on January 7, 2026 at 5:26 am, by davin
Expectations for RBA rate hikes have weakened due to falling inflation and job losses, affecting the AUD/USD’s outlook. Traders may anticipate less volatility and consider strategies for potential AUD weakness. – vtmarketsmy.com
In November, Australia’s year-on-year building permits rose from -1.8% to 20.2%
Written on January 7, 2026 at 5:26 am, by davin
Australia’s building permits surged 20.2% in November 2025, indicating strong construction activity and economic growth. This trend suggests favorable conditions for the Australian dollar and investment opportunities in construction and financial sectors. – vtmarketsmy.com
In November, Australia’s monthly building permits surpassed expectations with a 15.2% increase, exceeding the 2% prediction.
Written on January 7, 2026 at 4:26 am, by davin
Australia’s November building permits surged 15.2%, outpacing expectations and signaling economic strength. This trend may influence interest rates and encourage investment in housing, impacting the Australian dollar’s performance. – vtmarketsmy.com
In December, Japan’s Jibun Bank Services PMI fell from 52.5 to 51.6
Written on January 7, 2026 at 4:26 am, by davin
Japan’s services sector slows, weakening the Yen amid rate hike doubts. Meanwhile, the Australian dollar soars, and precious metals face profit-taking. Traders eye strategies for potential market shifts. – vtmarketsmy.com
GBP/USD pair remains near 1.3500, looking for new direction from US economic data
Written on January 7, 2026 at 4:26 am, by davin
GBP/USD stabilizes around 1.3500 amid dovish Fed expectations and easing UK budget concerns. Traders await crucial US economic data, suggesting a potential upward movement in the currency pair. – vtmarketsmy.com
As Venezuelan unrest continues, gold nears $4,500 due to geopolitical tensions and expected US rate cuts boosting demand
Written on January 7, 2026 at 4:26 am, by davin
Gold prices skyrocketed to nearly $4,500 amid geopolitical turmoil and expectations of US rate cuts. With central banks buying heavily, gold remains a preferred safe haven. – vtmarketsmy.com