Live Updates

New Prime Minister Takaichi emphasizes political stability for Japan’s economy while maintaining a weak Yen policy. UK’s fiscal pressures and inflation may impact the Pound, presenting trading opportunities in GBP/JPY. – vtmarketsmy.com

WTI Oil stabilizes around $57 due to oversupply concerns and high Chinese output, while impending Fed rate cuts could weaken the dollar, creating volatility. Traders should consider strategic options for potential profits. – vtmarketsmy.com

IonQ’s stock has dropped 30%, testing the critical $59.36 trendline amid high volatility. Traders must choose strategies wisely to navigate potential rebounds or breakdowns towards $47.33 support. – vtmarketsmy.com

The USD/CAD pair stabilized at 1.4030 after solid Canadian inflation data prompted traders to reassess the likelihood of a Bank of Canada rate cut. Strategies for derivative traders include long straddles and option betting. – vtmarketsmy.com

The global copper market saw a supply surplus of 147,000 tons, fueled by increased production, particularly from China. Traders should consider strategies to profit from potential price declines amid weakening demand. – vtmarketsmy.com

Gold demand in India surged during festivals, with premiums hitting $25 per ounce. However, post-festivity drops in demand may lead to price corrections, presenting cautious opportunities for traders. – vtmarketsmy.com

Gold prices dropped 1.7% to $4,250 due to potential US-China trade negotiations, despite a historic 60% annual rise. This volatility prompts strategic options trading as investors brace for market swings. – vtmarketsmy.com

General Motors exceeded earnings expectations with $2.8 per share, yet faces industry challenges with stagnant revenues and rising auto loan delinquencies. Watch for management’s outlook to assess future prospects. – vtmarketsmy.com

China’s crude oil imports dropped significantly in September, raising concerns over a potential price decline due to weakening demand amid a global supply surplus. Traders may need to strategize for falling prices. – vtmarketsmy.com

The Canadian Dollar is strong against major currencies, especially the Euro, due to robust economic data. Meanwhile, the Euro struggles with weak indicators, suggesting a bearish outlook for EUR/CAD. – vtmarketsmy.com