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WTI oil rises to about $59.80 per barrel amid reduced tensions in Iran and supply concerns

Oil prices surged to $59.80 per barrel due to eased geopolitical fears surrounding Iran, but ongoing oversupply concerns keep a lid on significant gains. The market remains cautious amidst fluctuating demand. – vtmarketsmy.com

British Pound holds steady at 1.3380 against US Dollar despite strong US data

The Pound Sterling is struggling against the strong US Dollar, trading around 1.3380. With the Federal Reserve’s upcoming meeting influencing volatility, traders should consider dynamic strategies ahead of potential market shifts. – vtmarketsmy.com

Vice Chair Michelle Bowman raises concerns about labor market risks and calls for continued Fed rate cuts

Fed Vice Chair Michelle Bowman warns of a fragile job market, suggesting potential interest rate cuts over inflation concerns. Traders should adjust strategies as economic uncertainties grow, affecting the US Dollar. – vtmarketsmy.com

The Euro falls against the US Dollar as it gains strength, hovering around 1.1600

The Euro weakens against the US Dollar, hindered by strong US economic data. Technical indicators suggest continued bearish pressure on EUR/USD, with potential strategies favoring a downward trend. – vtmarketsmy.com

Silver prices hit a record high of $93.75 per troy ounce due to tight supply conditions.

Silver prices reached a historic high of $93.75/ounce, driven by market dynamics and supply shortages. With the Gold/Silver ratio dropping, new futures contracts could attract more retail interest in trading. – vtmarketsmy.com

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