Live Updates

Pound Sterling is struggling against the strong US Dollar, hovering near a crucial technical level at 1.3280. Expect potential volatility ahead of upcoming economic announcements and interest rate discussions. – vtmarketsmy.com

Consumer confidence is waning, with Michigan’s sentiment index expected to drop. Amidst a strong US dollar and imminent Fed rate cuts, traders should consider strategic options for potential volatility. – vtmarketsmy.com

UOB’s FX analysts predict USD/CNH will trade between 7.1200 and 7.1550, with limited upward momentum. Current economic data suggests a range-bound strategy may be effective for traders in this low-volatility market. – vtmarketsmy.com

The Japanese yen is gaining against the US dollar amid political shifts and uncertainty about the Bank of Japan’s monetary policies. Traders anticipate potential changes in interest rates and increasing volatility. – vtmarketsmy.com

The US Dollar is projected to strengthen against the Japanese Yen, with a trading range of 152.40 to 153.40. Key levels to watch include 153.80 for further gains and 151.40 for support. – vtmarketsmy.com

The Euro is struggling against the US Dollar, hitting a two-month low due to political turmoil in France. As markets brace for a weak consumer sentiment report, traders are eyeing put options for profit. – vtmarketsmy.com

The Pound Sterling is weakening significantly, declining against most currencies amid concerns over the UK’s fiscal situation and sluggish economic growth. Traders are bracing for further declines ahead of the upcoming budget. – vtmarketsmy.com

Silver is surging towards its all-time high of $50.70, driven by safe-haven demand, supply challenges, and potential US Federal Reserve rate cuts. Strong industrial needs and geopolitical instability enhance its bullish outlook. – vtmarketsmy.com

The New Zealand Dollar (NZD) faces a bearish outlook, likely declining toward support at 0.5690, influenced by disappointing inflation data and a strong US dollar, with traders advised to consider put options. – vtmarketsmy.com

The Euro is stabilizing against the US Dollar after a 1.5% decline, buoyed by neutral ECB messaging and improved German factory orders, creating a potential trading range between 1.1520 and 1.1620. – vtmarketsmy.com