Live Updates

The Pound Sterling fell to 1.3190 against the US Dollar, despite a temporary rally post-UK Budget. Weak inflation and a struggling labor market suggest potential rate cuts, increasing GBP/USD volatility. – vtmarketsmy.com

The US Economic Optimism Index rose to 47.9, hinting at upcoming market shifts. Elsewhere, currency fluctuations, gold price declines, and Bitcoin’s struggle signal cautious trading strategies ahead. – vtmarketsmy.com

New Zealand’s GDT Price Index has dropped to -4.3%, signaling ongoing dairy market weakness. This trend could harm the NZ dollar, prompting traders to consider protective strategies amid declining export revenues. – vtmarketsmy.com

China’s copper smelters will cut production by over 10% next year due to unsustainable refining costs, driving copper prices to a record $11,300 per ton amid dwindling supplies and strong demand. – vtmarketsmy.com

Silver prices hit $58.84, soaring 100% this year, fueled by limited supply and strong industrial demand. Traders should beware of volatility and consider strategic options to mitigate risk. – vtmarketsmy.com

EUR/CHF stabilizes around 0.92 after a prior dip, supported by Switzerland’s strong economy. Analysts predict it will remain within the 0.92-0.93 range, factoring in potential Swiss National Bank interventions. – vtmarketsmy.com

Despite heightened US tensions with Venezuela, oil production remains robust, reaching 870,000 barrels per day. The market remains stable as traders await decisive actions rather than mere political statements. – vtmarketsmy.com

The Japanese Yen weakens 0.3% against the US Dollar amid Bank of Japan’s hawkish stance. Market focus shifts to rising bond yields, heightening volatility in USD/JPY trading and future rate hikes. – vtmarketsmy.com

In November, Ukraine intensified drone strikes on Russian energy infrastructure, reducing oil processing and creating market volatility. This surge suggests rising oil prices and heightened geopolitical risks for winter. – vtmarketsmy.com

The British Pound is slightly lower as market focus shifts to the Bank of England’s upcoming meeting. With a likely rate cut expected, traders are preparing for potential volatility in GBP options. – vtmarketsmy.com