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Recent Posts by davin

USD/CAD hovers near 1.3700 with low trading volume during the Asian session

The USD/CAD pair hovers at 1.3700 due to expected US rate cuts from cooling inflation, contrasting with Canada’s steady rates. Traders anticipate CAD strength as markets stabilize in January. – vtmarketsmy.com

Australian dollar holds steady against US dollar despite positive China PMI data

The Australian Dollar strengthens amid low trading volumes, spurred by positive Chinese manufacturing data and potential interest rate hikes from the Reserve Bank of Australia, enhancing its appeal against the US Dollar. – vtmarketsmy.com

WTI trading near $57.70 continues to decline, nearing a 20% yearly drop

WTI Oil prices are declining nearly 3% for December, nearing a 20% annual drop, driven by increased supply from OPEC+ and weak demand. Geopolitical tensions add volatility, complicating the market outlook. – vtmarketsmy.com

NZD/USD remains below 0.5800 despite positive Chinese PMI data as traders await US job claims

The US Federal Reserve cut rates, sparking debate among officials as inflation stabilizes. Meanwhile, New Zealand’s economy struggles, with dairy prices dropping and the Kiwi facing uncertainty as liquidity returns in January. – vtmarketsmy.com

China’s Manufacturing PMI rises to 50.1 from 49.9

The Reserve Bank of Australia’s interest rates and trade ties with China affect the AUD’s stability. Despite slight improvements, mixed signals suggest cautious trading ahead as volatility remains low. – vtmarketsmy.com

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