Live Updates

Germany’s services sector shows a slight recovery with PMI at 50.6, inflation easing to its lowest since 2021, and modest economic growth indicating cautious optimism for future equity market gains. – vtmarketsmy.com

France’s services sector PMI dropped to 48.5, signaling contraction amid weak demand and political uncertainty. Traders should brace for market volatility and consider protective strategies for equities and bonds. – vtmarketsmy.com

Italy’s services sector showed slight growth in July, but a declining new business and negative GDP raise concerns. With rising output prices amidst economic fragility, traders should explore protective strategies. – vtmarketsmy.com

Spain’s services PMI surged to 55.1 in July, reflecting robust growth and strong domestic demand. With positive economic indicators, Spain’s economy is positioned as Europe’s growth leader, attracting investment opportunities. – vtmarketsmy.com

European stocks rise on positive sentiment, bolstered by the EU pausing trade actions against the U.S. But economic challenges persist, prompting cautious trading strategies amid inflation and volatility concerns. – vtmarketsmy.com

The USDJPY fell sharply due to a weak NFP report, increasing chances of Fed rate cuts. As the yen strengthens, traders eye key support levels and upcoming US economic data for direction. – vtmarketsmy.com

The S&P 500’s recent bear trap has led to bullish momentum, as traders cover positions following a price dip. Understanding market psychology is crucial for effective trading strategies amid these movements. – vtmarketsmy.com

The focus shifts to the US ISM Services PMI, anticipated to boost market volatility. Strong data may challenge Fed rate cut expectations, presenting trading opportunities through options strategies on equities and SOFR futures. – vtmarketsmy.com

European and US futures are rising, driven by hopes for Federal Reserve interest rate cuts. Despite optimism, caution remains due to volatility. Traders should consider options for risk management. – vtmarketsmy.com

EUR/USD is pinned between 1.1500 and 1.1600 as option expiries and economic indicators set the stage for potential consolidation. Traders should watch for volatility from upcoming US PMI data. – vtmarketsmy.com