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Recent Posts by davin

Despite a Fed rate cut, EUR/USD stays below 1.1700, nearing losses at 1.1690

The EUR/USD pair struggles below 1.1700 amidst a Fed rate cut and ECB’s steady rates. Market volatility may persist until upcoming US economic data offers clearer direction. – vtmarketsmy.com

Silver price (XAG/USD) drops to about $62 after hitting a record high of $62.87

Silver prices dipped to $62 after peaking at $62.87, amid mixed signals from the Federal Reserve on interest rates, presenting opportunities for bullish strategies or cautious trading. – vtmarketsmy.com

US Dollar Index hovers around 98.55 following rate cut and jobless claims concerns

The US Dollar Index (DXY) fell to 98.55 after the Fed’s third rate cut. With upcoming jobless claims data, traders anticipate a softening dollar. Strategies like buying puts may capitalize on this trend. – vtmarketsmy.com

After the Fed rate cut, Japan’s Kihara emphasizes the need to monitor the effects of US financial conditions on the economy.

Japan will monitor US financial conditions after the Fed’s rate cut, which is narrowing the USD/JPY yield gap. Traders expect the yen to strengthen as this trend potentially reverses. – vtmarketsmy.com

The USD/CAD pair appears vulnerable, trading close to its lowest level since late October at around 1.3800.

USD/CAD struggles near its October lows due to diverging monetary policies and rising oil prices. The Bank of Canada’s stable rates contrast with the Fed’s anticipated cuts, hinting at further CAD strength. – vtmarketsmy.com

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