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Recent Posts by davin

The GDT price index in New Zealand falls from -3% to -4.3%

New Zealand’s GDT Price Index has dropped to -4.3%, signaling ongoing dairy market weakness. This trend could harm the NZ dollar, prompting traders to consider protective strategies amid declining export revenues. – vtmarketsmy.com

China’s main copper smelters plan production cuts of over 10%, boosting copper’s rally momentum

China’s copper smelters will cut production by over 10% next year due to unsustainable refining costs, driving copper prices to a record $11,300 per ton amid dwindling supplies and strong demand. – vtmarketsmy.com

Silver price rises 10% to $58.84, marking over 100% gains this year

Silver prices hit $58.84, soaring 100% this year, fueled by limited supply and strong industrial demand. Traders should beware of volatility and consider strategic options to mitigate risk. – vtmarketsmy.com

Despite trade deal news, EUR/CHF stays steady at 0.92, supported by strong Swiss fundamentals.

EUR/CHF stabilizes around 0.92 after a prior dip, supported by Switzerland’s strong economy. Analysts predict it will remain within the 0.92-0.93 range, factoring in potential Swiss National Bank interventions. – vtmarketsmy.com

Oil production in Venezuela remains largely unchanged despite heightened tensions from airspace restrictions, according to Commerzbank.

Despite heightened US tensions with Venezuela, oil production remains robust, reaching 870,000 barrels per day. The market remains stable as traders await decisive actions rather than mere political statements. – vtmarketsmy.com

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