Live Updates

Lyft’s shares jumped 13% after Waymo announced a self-driving taxi partnership in Nashville. While promising, operational challenges and Uber’s dominance suggest caution in viewing this as a major breakthrough. – vtmarketsmy.com

Gold prices surged by $18, recovering from a $38 dip, as market participants anticipate a dovish Federal Reserve. Geopolitical tensions and trade issues boost gold’s appeal as a safe haven asset. – vtmarketsmy.com

USDCHF drops to a 14-year low with significant bearish momentum. Consolidation indicates uncertainty, but potential for further declines exists. Consider bearish strategies and remain cautious of potential Swiss intervention. – vtmarketsmy.com

August’s weak housing report signals caution for growth-sensitive sectors. Homebuilders may struggle, prompting bearish strategies. Meanwhile, a dovish Fed could pressure the dollar, making EUR/USD positions appealing. – vtmarketsmy.com

The USD is stable ahead of anticipated rate cuts from the Fed and Bank of Canada. Market reactions hint at potential volatility, while economic data shows signs of weakening, impacting currencies and stocks. – vtmarketsmy.com

European markets brace for the Fed’s decision as gold retreats from highs. Economic data reveals mixed signals, with soaring US mortgage applications and varied ECB perspectives hinting at strategic trading moves ahead. – vtmarketsmy.com

The Federal Reserve is set to cut interest rates for the first time since December 2024, likely 25 basis points, amid a softening labor market and persistent inflation concerns, impacting future economic strategies. – vtmarketsmy.com

Mortgage applications surged 29.7% following a slight dip in rates to 6.39%. However, the Federal Reserve’s caution may limit future cuts, suggesting volatility ahead in the housing market. – vtmarketsmy.com

The Fed is expected to cut rates by 25 basis points, with dissenters hinting at a larger cut. Market reactions depend on these decisions and updated economic projections. Stay alert! – vtmarketsmy.com

The ECB’s cautious approach aids a slow economic recovery, with stable inflation and improved financing conditions. However, flexibility in policy is crucial due to potential risks from trade and geopolitics. – vtmarketsmy.com