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Recent Posts by davin

The USD/JPY pair declines sharply, prompting worries about possible intervention by authorities.

The USD/JPY hits multi-week lows amid fears of intervention due to Yen weakness. The Bank of Japan signals rate hikes, while the US anticipates Fed cuts, pressuring the Dollar’s strength. – vtmarketsmy.com

British Pound rises to 1.3600 against the US Dollar amid increased Dollar selling

GBP/USD hit 1.3600, boosted by positive UK data and US dollar weaknesses. With rising fears over US monetary policy credibility, traders may consider put options to hedge against potential declines. – vtmarketsmy.com

US Baker Hughes oil rig count reaches 411, meeting expectations

Oil rig count holds steady at 411, reflecting energy sector stability. Dollar weakness fuels gold’s rise near $5,000, while volatile forex markets and central bank meetings signal potential trading opportunities. – vtmarketsmy.com

Gold nears $5,000 with soft US dollar and safe-haven interest, marking a third consecutive weekly increase

Gold is surging towards $5,000 due to safe-haven demand and a weakening US Dollar, amidst rising volatility. Traders must navigate potential price swings influenced by upcoming Fed decisions and geopolitical tensions. – vtmarketsmy.com

The Euro stays stable around 1.1750 as US data fails to boost the Dollar’s performance

Eurozone and US PMIs show mixed economic signals, with sluggish growth in the US and mild contraction in Europe. Traders should consider volatility strategies amidst uncertainty ahead of critical central bank meetings. – vtmarketsmy.com

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