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USD/JPY rebounds to 156.70 after selloff, finding support at 156.20 following election victory

USD/JPY climbed to 156.70 after Japan’s election, but remains down 0.3% due to US dollar weakness. Traders eye upcoming U.S. jobs data for signals of further Federal Reserve rate cuts. – vtmarketsmy.com

Deutsche Bank analysts highlight the ECB’s steady 2% rates, indicating balanced risks and domestic stability.

The ECB keeps interest rates steady at 2%, signaling a stable outlook with no immediate changes expected. Economic resilience supports this approach, suggesting opportunities in the trading market ahead. – vtmarketsmy.com

Portugal’s global trade balance decreases to €-7.798 billion in December, down from €-7.543 billion

Gold holds steady at $5,000 amid new buying trends, while Bitcoin stabilizes near $70,000. Expect volatility in currency trading as Euro strength rises and U.S. political instability looms. – vtmarketsmy.com

TD Securities analysis shows a slight easing in Canada’s labor market, but CAD remains resilient.

Canada’s job market faced unexpected challenges in January, with a steep employment drop despite a lower unemployment rate, as the Bank of Canada prepares for potential rate cuts amid diverging policies. – vtmarketsmy.com

EUR/GBP rises to around 0.8720 due to Eurozone optimism and UK political concerns

EUR/GBP is rising as Eurozone sentiment improves while UK political instability weighs on the Pound. With both central banks holding rates steady, traders should prepare for increased volatility ahead. – vtmarketsmy.com

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