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XAG/USD prices rise toward $90.00 amid geopolitical tensions and strong safe-haven demand

Silver prices have surged to nearly $90 due to geopolitical tensions and Federal Reserve uncertainties. While bullish momentum is evident, caution is advised as overbought conditions may lead to a correction. – vtmarketsmy.com

Venezuelan exports resume as WTI price drops to around $60.70 due to rising US stockpiles

WTI crude oil is dipping near $60.70 due to rising US inventories and Venezuela’s resuming exports. Traders may consider bearish positions as supply increases, while remaining alert to geopolitical risks in Iran. – vtmarketsmy.com

In December, China’s trade surplus increased to CNY 808.80 billion.

China’s December trade surplus exceeded expectations, boosting the Australian Dollar. However, with mixed economic signals and weakening iron ore prices, cautious trading strategies are advised for upcoming data releases. – vtmarketsmy.com

The USD/CAD pair remains strong around 1.3900 after the Fed’s cautious outlook.

The USD/CAD exchange rate remains strong at 1.3900, influenced by a stable US dollar and rising oil prices. Market dynamics suggest potential volatility ahead as geopolitical tensions impact both currencies. – vtmarketsmy.com

China’s trade balance exceeds forecasts, reaching USD 114.1 billion in December

China’s strong December trade balance, at $114.1 billion, boosts optimism as gold prices near record highs amid safe-haven demand. Watch for upcoming US economic data’s impact on currency markets. – vtmarketsmy.com

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