Tesla’s California registrations fell 21.1%, yet shares rose. With a mixed earnings outlook, volatility is expected. Traders should prepare for potential significant price swings following the upcoming earnings report. – vtmarketsmy.com
Trump’s new US-Philippines trade deal eliminates tariffs on American exports while imposing a 19% tariff on imports, risking a trade deficit and potentially impacting the Philippine Peso’s value significantly. – vtmarketsmy.com
Mexico’s retail sales rose 2.7% in May, signaling economic recovery, but inflation hits 4.78%. Traders face risks amid political turmoil, suggesting strategies that navigate volatility could yield opportunities. – vtmarketsmy.com
The Pound Sterling remains stable as UK PMI data is anticipated. Lower hiring reflects rising costs, while a potential interest rate cut looms. Traders eye GBP/USD declines amid US monetary strength. – vtmarketsmy.com
Canadian PM Carney aims for a beneficial trade deal with the US, preparing for lengthy negotiations amid rising market volatility. This uncertainty could impact Canadian assets and industrial sectors significantly. – vtmarketsmy.com
Crude oil prices are nearing a critical test of $65 and the 100-day moving average. A drop below could signal further declines, while key support levels may attract cautious buyers. – vtmarketsmy.com
The Euro strengthens amid positive ECB signals and a faltering US Dollar. Traders should employ strategies for potential upward moves while managing risks due to economic uncertainties and upcoming inflation reports. – vtmarketsmy.com
Gold prices are nearing $3,400 due to escalating US-EU trade tensions. With potential tariffs on the table, traders should explore strategies like long call options, anticipating significant market volatility ahead. – vtmarketsmy.com
European markets had mixed results, with Germany’s DAX falling 1.09% amid tariff concerns, while the UK’s FTSE 100 inched up. Traders should brace for potential volatility and strategic opportunities ahead. – vtmarketsmy.com
Trump may abolish capital gains tax on house sales to encourage homeowners to sell amid rising market prices. This could impact homebuilder stocks but boost home improvement retailers and financial markets. – vtmarketsmy.com
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