Gold ETFs saw significant inflows of 397 tons in early 2023, pushing prices to record highs amid geopolitical tensions. However, the impact on prices has since diminished, requiring cautious investment. – vtmarketsmy.com
Trump’s upcoming tariff letter to Von Der Leyen could influence euro markets. A 20% tariff rate is expected, but responses may vary. Traders should monitor volatility and positioning closely for insights. – vtmarketsmy.com
OPEC+ will increase oil production by 550,000 barrels daily in September, easing cuts but maintaining 3.66 million barrels of limits until 2026. Market oversupply risks may impact future decisions. – vtmarketsmy.com
Canada’s job market thrived in June with 83.1K new jobs, lowering unemployment to 6.9%. However, weakened wage growth hints at slower central bank tightening, impacting the Canadian dollar’s value. – vtmarketsmy.com
Canadian building permits surged 12% in May, driven by a single large hospital project. While residential intentions grew, the overall data raises caution about sustainable construction growth amidst skewed results. – vtmarketsmy.com
The USD gains strength against the EUR, JPY, and GBP as US tariffs unsettle markets. Weaker UK economic data pressures the pound, while rising bond yields bolster the dollar’s appeal. – vtmarketsmy.com
The USD is stable but cautious amid mixed economic signals, with traders eyeing the upcoming CPI report for clues on potential rate cuts. The AUD’s direction depends on similar data and technical patterns. – vtmarketsmy.com
EU and US tariff talks stall, avoiding immediate retaliation but indicating possible new 10% tariffs. Traders must adjust forecasts as potential risks and market dynamics evolve in response to diplomacy. – vtmarketsmy.com
Market sentiment is cautious after tariffs on Canada spark volatility in the S&P 500 futures. Traders brace for potential corrections and must navigate uncertain trade developments carefully. – vtmarketsmy.com
Bitcoin surged over 9% this week, driven by technical momentum despite lack of clear catalysts. Traders are closely watching key price levels and upcoming inflation data for potential corrections or continued rally. – vtmarketsmy.com
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