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Recent Posts by davin

After three days of increases, USD/JPY is trading near 154.90, indicating potential bullish reversal patterns

USD/JPY trades around 154.90, testing support levels amid indecisive momentum. A breakout above 156.00 may signal a bullish trend, while failure could lead to declines towards 150.00. – vtmarketsmy.com

The Euro is trading near the 0.8645 support level, showing a slight upward trend against the Pound.

The EUR/GBP pair hovers around 0.8665 amidst bearish trends, with technical indicators showing mixed signals. Central bank policy divergence suggests potential strategies for traders to capitalize on further declines. – vtmarketsmy.com

The week started with ongoing declines in gold and silver prices, which need important attention.

Gold and Silver face steep declines amid a strengthening US Dollar following a Fed chair nomination. Traders should consider short positions as economic updates could further influence market dynamics. – vtmarketsmy.com

Spain’s HCOB Manufacturing PMI drops to 49.2 in January, missing forecasts of 49.9

Spain’s manufacturing PMI fell to 49.2 in January, indicating contraction. Market watchers brace for economic implications, with potential volatility in euro and Spanish equities prompting strategies like buying options to hedge or profit. – vtmarketsmy.com

DBS Bank’s research shows how US actions on Iran could affect oil prices amid rising tensions

US intervention in Iran could push oil prices to $100 per barrel, creating market volatility and geopolitical risks that may disrupt global supply chains, emphasizing the need for cautious trading strategies. – vtmarketsmy.com

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