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Scotiabank strategists say the Canadian dollar is declining due to the resurgence of the USD.
The Canadian Dollar is weakening against the USD, driven by falling crude oil prices and a stronger US job market. Traders might explore options strategies as key resistance and support levels are tested. – vtmarketsmy.com
Written on January 8, 2026 at 8:26 pm
Categories: Live Updates
Gold faces downward pressure as the US dollar strengthens, currently trading around $4,425.
Gold prices are declining as the US Dollar strengthens, trading near $4,425. Geopolitical tensions and mixed US economic data create a cautious atmosphere, prompting analysts to suggest potential buying opportunities amid short-term bearishness. – vtmarketsmy.com
Written on January 8, 2026 at 8:26 pm
Categories: Live Updates
The Euro falls against the US Dollar as strong labor market data boosts the Greenback
The Euro is under pressure against the US Dollar, currently at 1.1662, influenced by mixed US labor data. Traders are eyeing tomorrow’s Nonfarm Payrolls report for further direction. – vtmarketsmy.com
Written on January 8, 2026 at 7:27 pm
Categories: Live Updates
ABN AMRO reports that China’s manufacturing and composite PMIs show signs of improving economic momentum.
China’s December PMIs indicate a growth rebound, driven by stimulus measures. Manufacturing and non-manufacturing indices crossed into expansion, while construction surged. However, consumer sectors still face challenges, suggesting a cautious recovery. – vtmarketsmy.com
Written on January 8, 2026 at 7:26 pm
Categories: Live Updates
Scotiabank reports that the USD is stronger against commodity currencies while the DXY stays stable.
The US Dollar strengthens against commodity currencies, but remains stable against the Euro and Yen. Divergence in Fed rate cut expectations may create trading opportunities amid uncertain market conditions. – vtmarketsmy.com
Written on January 8, 2026 at 7:26 pm
Categories: Live Updates
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