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Recent Posts by davin

Pound Sterling expected to reach 1.3435, with support at 1.3400 holding strong

Pound Sterling (GBP) is likely to fluctuate between 1.3400 and 1.3535, with downside risks looming. Economic data supports a bearish outlook, making strategic trading essential as key support levels are tested. – vtmarketsmy.com

USD/MXN continues its downward trend toward support after rejection at the 50-day moving average

USD/MXN is struggling as it tests support near 17.85–17.80 after failing to maintain above 18.22. Analysts predict a drop towards July 2024 lows of 17.60 if this support fails. – vtmarketsmy.com

Colder weather drives up European gas prices due to higher demand and fast storage withdrawals

European gas prices are soaring due to rising demand from cold weather, with storage levels at 58%. Traders should consider buying front-month TTF futures or call options for potential profits. – vtmarketsmy.com

In November, France’s exports rose to €52.2 billion, up from €51.7 billion.

France’s exports surged to €52.2 billion in November, signaling robust economic health. Meanwhile, the EUR/USD and GBP/USD struggle amid geopolitical tensions, while gold prices reflect persistent inflation concerns. – vtmarketsmy.com

France’s trade balance in November matches forecasts at €-4.2 billion

France’s November trade balance hit €-4.2 billion, confirming a structural deficit in the Eurozone. This data impacts currency valuations and economic sentiment, highlighting challenges faced by the Euro and traders alike. – vtmarketsmy.com

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