Weekly EIA data reveals a surprising 7.7 million barrel increase in crude oil inventories, hinting at oversupply and potential price declines. However, strong gasoline demand presents profitable trading opportunities. – vtmarketsmy.com
US GDP grew 2%, missing expectations, while the strong dollar pressures gold and pushes EUR/USD below 1.1500. Amid mixed signals, options trading strategies could capitalize on potential market shifts. – vtmarketsmy.com
US GDP grew at 3%, beating expectations and strengthening the dollar. This shift suggests trading opportunities with derivatives, indicating potential market volatility and a stronger dollar against other currencies. – vtmarketsmy.com
The NZDUSD has broken below the key support level of 0.5914, indicating potential selling momentum. Traders should focus on bearish strategies, targeting levels around 0.5903 and 0.5882. – vtmarketsmy.com
The Bank of Canada holds interest rates at 2.75% amid uncertain U.S. trade and rising inflation. Traders anticipate potential rate cuts while monitoring economic indicators and market volatility closely. – vtmarketsmy.com
US Core PCE rose 2.5%, stirring mixed economic signals. Strong dollar pressures EUR/USD and GBP/USD, while gold struggles. Investors should consider protective strategies amidst labor market uncertainties and tariff potential volatility. – vtmarketsmy.com
US consumer prices fell to 2.1%, impacting currency markets as the dollar strengthened. Analysts suggest strategies for dollar ETFs and options on gold and volatility, considering underlying economic risks. – vtmarketsmy.com
US pending home sales unexpectedly dropped 0.8% in June, raising concerns over economic cooling. This weakness may prompt a more dovish Fed, impacting homebuilder stocks and the US dollar. – vtmarketsmy.com
Recent GDP data shows stable growth and declining import prices, with potential trade deals influencing capital spending. Traders should consider sector-specific strategies amid a strong dollar and cautious borrowing climate. – vtmarketsmy.com
US private sector jobs rose by 104,000 in July, surpassing expectations and impacting the dollar’s value. This data complicates the Fed’s inflation strategy ahead of the crucial NFP report. – vtmarketsmy.com
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