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Gold drops nearly 2% during trading as the US dollar gains strength
Gold prices dropped nearly 2% as the US Dollar strengthened, influenced by weak labor data. Central bank purchases and potential Fed rate cuts offer mixed signals for future gold trends. – vtmarketsmy.com
Written on February 6, 2026 at 2:09 am
Categories: Live Updates
Commerzbank’s Economic Research reports a 7.8% increase in German industrial orders, indicating recovery.
Germany’s industrial orders surged 7.8%, signaling an end to the 2025 recession and suggesting a bullish outlook for the DAX index and Euro, offering trading opportunities in 2026. – vtmarketsmy.com
Written on February 6, 2026 at 2:09 am
Categories: Live Updates
The Canadian dollar weakened by 0.05% against the US dollar due to risk-averse sentiment.
The Canadian Dollar is weakening amid poor labor data and falling oil prices, dropping to the 1.3700 region against the US Dollar. Delayed US employment data adds to market uncertainty. – vtmarketsmy.com
Written on February 6, 2026 at 1:09 am
Categories: Live Updates
Societe Generale reports that Banxico intends to maintain the policy rate at 7.00% due to caution.
Societe Generale’s report forecasts Banxico will maintain a 7.00% policy rate, with potential cuts later in the year. The Mexican Peso remains stable, influenced more by global trends than domestic policy. – vtmarketsmy.com
Written on February 6, 2026 at 1:09 am
Categories: Live Updates
US dollar strengthens, causing AUD/USD to drop to around 0.6965, down 0.45%
The Australian Dollar is sliding against a robust US Dollar, pressured by hawkish Federal Reserve signals and mixed economic data. Trade surpluses can’t revive the AUD/USD pair, suggesting further declines ahead. – vtmarketsmy.com
Written on February 6, 2026 at 1:09 am
Categories: Live Updates
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