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Recent Posts by davin

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

Germany’s HCOB Services PMI exceeds expectations, measuring 54.6 instead of 54.5

Germany’s Services PMI indicates sector growth, contrasting a weak US labor outlook. With changing central bank policies and China’s AI chip ban, traders should consider strategic options in currency and tech markets. – vtmarketsmy.com

Expectations match Sweden Riksbank’s interest rate decision of 1.75%

Sweden’s Riksbank keeps interest rates at 1.75%, while gold prices rise amid market uncertainty. Traders brace for crucial US job data, impacting currency movements and financial decisions. – vtmarketsmy.com

Traders seek safety during global sell-off, driving gold’s value up to $3,970

Gold prices spike to $3,970 amid global equity sell-offs, driven by safe-haven demand and geopolitical concerns. Watch out for market volatility as the US government shutdown complicates economic data access. – vtmarketsmy.com

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