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The US Dollar strengthens despite mixed labor data, impacting GBP/USD and pushing gold prices near yearly highs. Rising volatility ahead of the CPI release prompts strategic trading shifts in currencies and crypto. – vtmarketsmy.com

The British Pound is rising against the Japanese Yen amid escalating Japan-China tensions. With rare earth export restrictions impacting Japan’s economy, traders should consider strategies to profit from a potentially weaker Yen. – vtmarketsmy.com

China’s inflation data reveals mixed signals: while headline CPI rises, deflation persists. The stable USD/CNH below 7.0000 hints at potential currency-driven consumer spending boosts, despite weak demand overall. – vtmarketsmy.com

U.S. plans to purchase Venezuelan oil could oversupply the market, impacting prices and causing shifts in trade dynamics, as China seeks alternative suppliers. Watch for WTI futures trading opportunities near resistance. – vtmarketsmy.com

The Canadian Dollar faces pressure at 1.3900 as anticipated job losses loom. Traders can capitalize on volatility ahead of today’s labor report, while a hawkish Bank of Canada may stabilize the CAD. – vtmarketsmy.com

Canada’s unemployment rose to 6.8% in December, exceeding expectations. Wage growth slowed, raising concerns about the economy and the potential for rate cuts by the Bank of Canada. – vtmarketsmy.com

The Australian Dollar (AUD) is expected to retest 0.6680 before bouncing back, while trading between 0.6655 and 0.6745. Traders may explore strategies like iron condors or bull call spreads amidst fluctuating market conditions. – vtmarketsmy.com

The USD/JPY hits a year-high amid a weakening Yen, influenced by geopolitical tensions and differing US-Japan interest rates. Traders eye opportunities and risks in this volatile currency landscape. – vtmarketsmy.com

Portugal’s trade deficit shrank to €7.543 billion in November, hinting at stronger exports. Meanwhile, volatility is expected in markets as investors await crucial US labor data and shifts in oil dynamics. – vtmarketsmy.com

A Supreme Court ruling against Trump-era tariffs could strengthen the USD and boost high-beta currencies like AUD and NZD. Meanwhile, EUR/USD faces downward pressure despite signs of undervaluation. – vtmarketsmy.com