Live Updates

Despite a housing market downturn, the Atlanta Fed GDPNow growth estimate for Q3 holds steady at 3.4%, suggesting economic resilience and caution in trading strategies related to real estate and interest rates. – vtmarketsmy.com

The Bank of Canada cut its overnight rate to 2.75% amid slowing growth and rising uncertainty. This dovish move signals potential further easing, prompting traders to short the Canadian dollar. – vtmarketsmy.com

The Bank of Canada cut its overnight rate to 2.5% amid a weakening economy, rising unemployment, and a 27% drop in exports. Expect further rate cuts and currency impacts ahead. – vtmarketsmy.com

The Bank of Canada cuts interest rates to 2.50% amid slowing global growth and fluctuating inflation. Cautious policymaking suggests further reductions may come as economic conditions evolve. – vtmarketsmy.com

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