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Recent Posts by davin

As the US dollar weakens, the Canadian dollar strengthens, trading around 1.3560 after a trend shift

The Canadian Dollar rose against the US Dollar due to a strong jobs report and steady oil prices. Traders should consider bearish strategies as USD/CAD trends lower amid diverging monetary policies. – vtmarketsmy.com

HSBC analysts note that the Reserve Bank of Australia’s cash rate increase signals a hawkish outlook

The RBA’s cash rate hike to 3.85% amidst ongoing inflation may lead to additional increases, while the Australian dollar’s rise might face consolidation influenced by external factors like US economic data and Chinese demand. – vtmarketsmy.com

Gold rises above $5,070 as China’s suggestion to reduce US Treasury holdings affects the dollar

Gold prices soared past $5,070, sparked by a US Dollar decline. Central banks, especially China, are diversifying reserves by buying gold, indicating a strong market shift and offering trading opportunities. – vtmarketsmy.com

Analysts note significant growth in German manufacturing orders and expect a recovery in construction.

German manufacturing orders surged 7.8%, spurred by defence demand, while construction struggles and production declines weigh on the economy. Cautious trading strategies are advised amid persistent sector weaknesses. – vtmarketsmy.com

Japan’s election results impact markets as USD/JPY falls with a weakening US dollar boosting JPY demand

The Japanese Yen rises against the US Dollar as Japan’s ruling party plans fiscal expansion, including a temporary tax cut on food. Inflation concerns may prompt interest rate hikes, impacting trading strategies. – vtmarketsmy.com

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