Live Updates

Germany’s current account shrank in October, highlighting economic concerns in Europe, while the UK faces a potential recession. Meanwhile, gold and copper prices rise amid industrial demand amid US market shifts. – vtmarketsmy.com

Canada’s wholesale sales unexpectedly rose, signaling market resilience. Commodities like gold and copper hit new highs, while currencies reacted to evolving monetary policies. Market strategies suggest opportunity amidst volatility. – vtmarketsmy.com

Canada’s October building permits surged 14.9%, defying expectations and indicating strong construction sector confidence. This data may influence interest rates, supporting the Canadian dollar and boosting related sectors. – vtmarketsmy.com

Canada’s economy is slowing, presenting opportunities for bearish positions on the loonie amidst poor retail sales. Global currencies show mixed trends, while gold and silver spike amid inflation fears. – vtmarketsmy.com

Austan Goolsbee emphasizes the need for caution in cutting interest rates despite prolonged inflation. With stable economic indicators, he suggests waiting until 2026 to avoid prolonged inflation risks, amidst market volatility. – vtmarketsmy.com

The EUR/GBP exchange rate is stable at 0.8760 as the Eurozone shows steady inflation while the UK faces economic contraction. Traders anticipate a weaker pound, favoring strategies to capitalize on EUR gains. – vtmarketsmy.com

Russia’s foreign trade plummeted from $13.6 billion to $11.1 billion in October, reflecting sanctions’ impact. Analysts warn of ongoing economic pressures, urging traders to brace for potential Ruble weakness and commodity challenges. – vtmarketsmy.com

The EUR/USD has dipped to 1.1720 amidst diverging monetary policies between the Fed and ECB, with the US economy slowing. Traders see opportunities to buy on dips as the Euro may rise. – vtmarketsmy.com

The USD/JPY is stabilizing around 155.98 as traders anticipate a 25bps BOJ rate hike. Key support is at 155.10, while future yen strength relies on US dollar weakness and fiscal discipline. – vtmarketsmy.com

The USD is stabilizing, while global equities soar, led by Fed easing. Analysts anticipate further dollar decline and encourage strategic trading amid labor market concerns and upcoming critical economic reports. – vtmarketsmy.com