Gold net positions inch up to $203K, as gold prices near a two-week peak. Meanwhile, EUR/USD struggles, meme coins surge, and economic data ahead could shift markets drastically. – vtmarketsmy.com
Crude oil futures rose to $68.45 amid OPEC+ production increases and surprising inventory data, closing above the 200-day moving average. A bullish trend sets the stage for potential future gains. – vtmarketsmy.com
Trade sentiment shifts as Australian dollar positions fall, euro struggles under US dollar pressure, and meme coins revive alongside Bitcoin’s all-time high. Gold shines as a safe haven amidst uncertainty. – vtmarketsmy.com
Goolsbee of the Federal Reserve emphasizes that interest rate cuts depend on consistent positive inflation data. Market expectations for September hinge on upcoming CPI reports amidst concerns over tariffs and rising prices. – vtmarketsmy.com
The AUD/USD pair hovers near 0.6600 amid mixed signals, with the RBA’s hawkish stance supporting the Aussie, while traders await clarity on Fed rate cuts for potential direction. – vtmarketsmy.com
MUFG Research recommends going long on EUR/GBP, targeting 0.8850 due to growing GBP risks from UK fiscal concerns. With current prices around 0.8650, the strategy aims for steady euro gains. – vtmarketsmy.com
Gold prices have surged nearly 1% to $3,354, driven by new US trade tariffs and economic uncertainties. With ongoing inflation and geopolitical tensions, gold remains a sought-after safe haven asset. – vtmarketsmy.com
The US Dollar rose 0.30% amid escalating trade tensions from new tariffs, particularly a 35% tax on Canadian goods. Market focus shifts to upcoming CPI data, influencing interest rates. – vtmarketsmy.com
In early 2025, reserve managers sold Japanese yen and Australian dollars, favoring the Swiss franc amid uncertainties. The US dollar remains strong, while euro sentiment shows signs of improvement, indicating shifting global financial dynamics. – vtmarketsmy.com
The EUR/CHF pair hovers near 0.9300, showing limited upward momentum and potential for declines. A fall below this level could trigger further selling, while resistance remains strong above 0.9350. – vtmarketsmy.com
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