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Ahead of the FOMC meeting, the dollar shows weak momentum with some minor buying trends observed

The Dollar faces weak momentum ahead of the FOMC meeting, with cautious hedging strategies dominating as traders seek protection amid uncertainty about inflation and GDP. Concerns linger as volatility rises. – vtmarketsmy.com

Traders brace for the Fed’s interest rate decision while gold rises.

Gold prices surged nearly 22% amid US economic uncertainty and geopolitical tensions. With bullish indicators and strategic investment approaches, the market anticipates a pivotal Fed decision that could impact prices significantly. – vtmarketsmy.com

The British Pound is under pressure against the Japanese Yen due to rising demand and speculation of intervention.

GBP/JPY is facing downward pressure amid Japanese intervention speculation and market concerns. With key resistance levels and weakening bullish indicators, traders may consider strategies for potential declines or sideways movement ahead. – vtmarketsmy.com

OCBC Bank updates gold price forecast to USD 5,600 per ounce by 2026 due to demand

Gold’s rally is fueled by ongoing uncertainty, pushing prices past USD 5,300 towards a year-end target of USD 5,600. Investors should consider options strategies for managing risk amid market volatility. – vtmarketsmy.com

The Bank of Canada is expected to maintain its policy rate at 2.25% again.

The Bank of Canada will likely maintain its 2.25% rate, amid trade uncertainties impacting the Canadian dollar. Traders are advised to prepare for potential downward pressure and capitalize on market fluctuations. – vtmarketsmy.com

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