US core PCE inflation remained steady at 2.8% in June, above expectations. With strong consumer spending and high interest rates, the dollar strengthens while gold faces pressure, creating market uncertainty. – vtmarketsmy.com
New reciprocal tariffs are launching Friday, sparking anticipated market volatility. Companies in industrial and tech sectors face risks, while South Korea may benefit. Stay alert for economic impacts and trading opportunities. – vtmarketsmy.com
Trump targets 17 pharmaceutical companies to cut U.S. drug prices, leveraging an Executive Order for Most-Favored-Nation pricing. Traders should prepare for upcoming market volatility and strategize around options and ETFs. – vtmarketsmy.com
US jobless claims rose slightly to 218,000, signaling a resilient labor market. This strength may keep interest rates elevated longer, impacting the US Dollar and market strategies amid inflation concerns. – vtmarketsmy.com
Pound Sterling nears 1.3200 against the US Dollar after six days of losses, pressured by a strong dollar and weak UK economic data. Watch for potential further declines and increased volatility ahead. – vtmarketsmy.com
Japan aims for a 15% tariff on US chips, mirroring the EU rate, raising concerns in the semiconductor sector. This could impact American exports and create market volatility, especially for tech stocks. – vtmarketsmy.com
The USDJPY hits an intraday high of 150.79, fueled by diverging central bank policies. With crucial support above 149.37, traders eye targets around 151, while preparing for potential volatility. – vtmarketsmy.com
Canada’s economy shows stability with a slight GDP dip, while gold struggles to break $3,300. Bitcoin is poised for a major move, and traders prepare for market fluctuations. – vtmarketsmy.com
The U.S. Core PCE rose 0.3%, indicating stable inflation and steady interest rates. Meanwhile, EUR/USD and GBP/USD show strength, while Bitcoin’s tight range hints at an impending breakout. Stay alert! – vtmarketsmy.com
The 30-year mortgage rate dipped to 6.72%, offering slight relief amid high home prices, but sales remain down. Traders anticipate potential Fed rate cuts as market volatility increases. – vtmarketsmy.com
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