Live Updates

The Pound Sterling remains stable as the UK anticipates a slight drop in economic activity data and a potential interest rate cut. Meanwhile, the US Dollar faces volatility amid trade tensions. – vtmarketsmy.com

AstraZeneca plans a $50 billion U.S. manufacturing facility, creating high-paying jobs and reinforcing supply chains. This move signals bullish potential for investors, especially in options trading. Exciting opportunities await! – vtmarketsmy.com

The USDCAD declined to 1.36645 but rebounded to 1.3676, creating a trading range. U.S. dollar strength contrasts with Canadian weakness due to economic data, sparking interest in buying call options for potential gains. – vtmarketsmy.com

EUR/USD gains slightly as the Euro strengthens amid a positive ECB lending survey and a weakening US Dollar. A potential bull call spread strategy may capitalize on modest upward movement while managing risks. – vtmarketsmy.com

The Indian Rupee weakens to nearly 86.50 against the US Dollar amid stalled trade talks and significant FII outflows, signaling potential further declines. Traders are advised to consider USD/INR futures and hedging strategies. – vtmarketsmy.com

Yellen stressed the necessity of Fed independence and a focus on economic data, warning against political influences. Current trends suggest a cautious market approach with limited rate cut expectations. – vtmarketsmy.com

Federal Reserve Chair Powell suggests a shift towards a competitive banking environment, signaling data-dependent policies. This creates opportunities in financial stocks as potential deregulation may boost profitability and market volatility. – vtmarketsmy.com

The US Dollar struggles amid political tensions and legal issues surrounding Fed Chair Powell, causing volatility. Traders are advised to prepare for price swings and consider options strategies to manage risk. – vtmarketsmy.com

USD/CAD is testing a critical support level at 1.3539, with bearish sentiment due to a descending channel pattern. Traders should monitor resistance at 1.3697 for potential position changes. – vtmarketsmy.com

The US dollar remains stable amid cautious global sentiments, with expectations of a potential rally as market volatility seems understated. Traders should prepare for a dollar short squeeze and consider options strategies. – vtmarketsmy.com