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Recent Posts by davin

Italy’s retail sales remained steady at 0.5% year-on-year in September

Italy’s retail sales remained flat in September, reflecting market stabilization. Concurrently, economic indicators signal caution, with traders preparing for key US data amidst persistent inflation and interest rates concerns. – vtmarketsmy.com

In October, the HCOB Services PMI for the Eurozone exceeded expectations, reaching 53.

The Eurozone’s services sector surprises with a PMI of 53, indicating growth and resilience. Investors eye opportunities in EUR/USD while bracing for US data volatility. Will this shift the narrative? – vtmarketsmy.com

HCOB Composite PMI for the Eurozone increases to 52.5, up from 52.2

Eurozone’s HCOB Composite PMI rose to 52.5, indicating growth. US economic strength contrasts with mixed employment signals and ongoing geopolitical risks, affecting EUR/USD near three-month lows and WTI oil prices. – vtmarketsmy.com

Colder weather and reduced wind generation raise European gas prices, despite low storage and limited speculation

European natural gas prices are on the rise due to colder weather and reduced wind generation, with storage levels at 83%. Despite vulnerability, market speculation remains low, presenting potential trading opportunities. – vtmarketsmy.com

USD/CAD rises for five days, reaching new seven-month highs above 1.4100 and generating bullish sentiment

USD/CAD climbs for the fifth day, reaching 1.4110, driven by a bullish trend and strong US economic data. Caution is advised as RSI nears overbought levels, signaling possible corrections ahead. – vtmarketsmy.com

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