The US dollar strengthens against major currencies, except the AUD. With bearish trends in EURUSD and GBPUSD and bullish signals for USDJPY and USDCAD, traders should focus on dollar strength while monitoring economic data. – vtmarketsmy.com
Crude oil futures rose to $64.80, signaling short-term bullish momentum as prices surpass the 100-day moving average. Traders eye potential upward moves, but caution remains due to overarching downward trends. – vtmarketsmy.com
Canada has lifted some U.S. tariffs, but the Canadian dollar weakens as traders focus on broader economic factors, signaling continued strength for the U.S. dollar amid diverging central bank policies. – vtmarketsmy.com
The USDCHF is rising towards key resistance at 0.8057-0.80597, driven by a strong US dollar. Meanwhile, EURUSD faces support challenges at 1.1640. Traders should consider options strategies for potential breakouts. – vtmarketsmy.com
The USDJPY is stalling at 147.65, with a potential breakout targeting 148.00. Recent US economic data supports a stronger dollar, while caution remains over Japanese market intervention. – vtmarketsmy.com
EURUSD hits new lows, narrowing trading range fuels seller confidence. Key support zones at 1.1667 and 1.1652 under scrutiny as dovish ECB contrasts with a strong dollar, heightening downside risks. – vtmarketsmy.com
USDCAD is hovering between 1.3812 and 1.38315 as traders watch a crucial support level at 1.38016. With low volume today, options strategies like iron condors could be beneficial. – vtmarketsmy.com
The Trump administration’s new 15% tariff on furniture, linked to lumber investigations, could raise housing costs, pressure homebuilder equities, and increase volatility in related markets, affecting consumer confidence and trade relations. – vtmarketsmy.com
New-home sales in July 2025 beat estimates at 0.652 million, despite a year-over-year drop of 8.2%. Lower mortgage rates may boost August sales, but declining prices reveal ongoing market fragility. – vtmarketsmy.com
Palantir’s stock struggles amid AI sector weakness, driven by high valuations and recent profit-taking. Upcoming NVIDIA earnings may influence its momentum, highlighting the importance of savvy risk management and valuation awareness. – vtmarketsmy.com
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