Live Updates

WTI oil prices are declining due to anticipated production increases from OPEC+ and resumed exports from Iraq’s Kurdistan region. With supply rising and demand weakening, traders face ongoing price pressures. – vtmarketsmy.com

New tariffs on timber and lumber, starting October 14, impose 25% duties on certain products, impacting prices and markets. Prepare for potential volatility and opportunities in lumber futures and U.S. timber stocks. – vtmarketsmy.com

China’s manufacturing sector shows strong growth with a PMI of 51.2, boosting the Australian dollar. Traders should consider AUD strategies amid renewed optimism and manage risks wisely in the foreign exchange market. – vtmarketsmy.com

Traders are closely monitoring US economic data and FOMC speeches, as job openings and consumer confidence could influence the NZD/USD pair amidst China’s slowing services sector and US government shutdown concerns. – vtmarketsmy.com

China’s manufacturing PMI rose to 51.2 in September, signaling growth and boosting industrial commodities. As copper prices soar, markets expect increased activity and a stronger Australian dollar amid improved global sentiment. – vtmarketsmy.com

China’s service sector soared in September, indicated by a PMI of 52.9, surpassing expectations. This growth bodes well for commodity-linked currencies and could boost interest in Chinese stocks. – vtmarketsmy.com

China’s mixed economic signals challenge the Australian Dollar’s stability, influenced by RBA interest rates and iron ore prices. Traders should prepare for potential volatility amid these competing forces. – vtmarketsmy.com

China’s manufacturing PMI shows improvement at 49.8, yet still below expansion. Gold nearing historic highs amid US shutdown fears, while AUD remains strong against USD. Dive into market trends! – vtmarketsmy.com

USD/CAD hovers above 1.3900 as US government shutdown risks and falling oil prices weigh on market sentiment. Traders are advised to hedge positions amid growing volatility and potential economic impacts. – vtmarketsmy.com

China’s non-manufacturing PMI fell to 50, signaling economic concerns, while gold soared near record highs. The AUD/USD rose post-RBA decision, but risks loom over global markets and currencies. – vtmarketsmy.com