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WTI rises to about $59.20 in early trading amid heightened tensions in Iran
WTI crude oil prices soar to $59.20 amid Iran protest fears, risking 2 million barrels daily. OPEC+ maintains production cuts, and global demand strengthens. Stay alert for impactful inventory reports! – vtmarketsmy.com
Written on January 12, 2026 at 3:26 am
Categories: Live Updates
The People’s Bank of China sets the USD/CNY reference rate at 7.0108, down from 7.0128
The People’s Bank of China adjusted the USD/CNY rate to 7.0108, reflecting a strategy to stabilize the yuan amidst economic challenges. Expectations for continued intervention suggest a stable currency ahead. – vtmarketsmy.com
Written on January 12, 2026 at 3:26 am
Categories: Live Updates
GBP/USD rebounds after three-week low, finds support near 200-day SMA.
The GBP/USD is rebounding as the US Dollar weakens amid Fed independence concerns, rising 0.20% towards 1.3435. Market volatility is expected, influenced by upcoming US inflation and UK GDP data. – vtmarketsmy.com
Written on January 12, 2026 at 3:26 am
Categories: Live Updates
Federal prosecutors launch inquiry into Jerome Powell’s congressional testimony.
Federal prosecutors are investigating Fed Chair Jerome Powell for potential misconduct, creating uncertainty surrounding future monetary policy. This turmoil may weaken the dollar, prompting traders to brace for heightened volatility. – vtmarketsmy.com
Written on January 12, 2026 at 3:26 am
Categories: Live Updates
EUR/USD pair approaches 1.1650 as expectations grow for a dovish Federal Reserve
The EUR/USD pair is currently trading around 1.1650, influenced by weaker US jobs data and expectations for steady Federal Reserve rates, sparking potential volatility amid Eurozone inflation concerns. – vtmarketsmy.com
Written on January 12, 2026 at 2:26 am
Categories: Live Updates
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