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The Pound Sterling faced challenges against G10 currencies but saw a slight recovery after Chancellor Reeves’ morning address.
The Pound Sterling struggles after Chancellor Reeves hints at potential tax increases, causing market concerns about recession. Traders eye protection strategies amid uncertainty ahead of the upcoming budget announcement. – vtmarketsmy.com
Written on November 5, 2025 at 1:56 pm
Categories: Live Updates
China’s chief trade negotiator calls for cooperation after meeting with US agriculture delegation
Li Chenggang from China signals a shift towards cooperation with the US, lifting tariffs on agricultural goods. This creates a promising opportunity for traders, especially in soybeans, amidst improving trade relations. – vtmarketsmy.com
Written on November 5, 2025 at 12:57 pm
Categories: Live Updates
UOB Group suggests that further declines in EUR/USD may hinder its ability to reach 1.1450.
The EUR/USD is unlikely to reach 1.1450 today, with bearish trends supported by recent economic data. Traders might consider put options or a bear call spread to capitalize on declines. – vtmarketsmy.com
Written on November 5, 2025 at 12:56 pm
Categories: Live Updates
Usd/jpy declines to 153.52 as traders adopt a risk-averse stance
The USD/JPY pair is declining due to increased yen demand, with support levels at 152.40. Weak US job data and a potential Bank of Japan shift may further impact currency movements. – vtmarketsmy.com
Written on November 5, 2025 at 12:56 pm
Categories: Live Updates
Italy’s retail sales fell to -0.5% in September, missing expectations of a 0.1% increase
Italy’s retail sales dropped 0.5% in September, signaling consumer weakness. USD/JPY remains steady, while GBP/USD faces challenges from UK tax hints. Watch for US data to influence market volatility. – vtmarketsmy.com
Written on November 5, 2025 at 12:56 pm
Categories: Live Updates
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