Pound Sterling dipped to 1.3540 against the US Dollar amid a mixed economic outlook. While optimism for a US-EU trade deal bolsters the Dollar, UK economic strength suggests resilience in Sterling. – vtmarketsmy.com
The Indian Rupee is sliding to 85.37 against the US Dollar, influenced by rising oil prices and domestic equity challenges. Traders eye key resistance levels amid uncertain central bank policies. – vtmarketsmy.com
EUR/USD is under pressure at 1.1350 due to a stronger US Dollar linked to positive trade talks. Eurozone inflation data suggests potential ECB easing, creating uncertainty and trading opportunities. – vtmarketsmy.com
In May, US Consumer Confidence rose to 98.0, signaling optimism despite concerns over job availability. The Present Situation Index improved, but the Expectations Index remains below recession levels, suggesting cautious sentiment. – vtmarketsmy.com
The AUD/USD dropped to 0.6450 after peaking at 0.6537, due to a stronger US Dollar linked to eased EU trade tensions and weak Australian inflation data. Watch for volatility! – vtmarketsmy.com
Richmond Fed President Thomas Barkin highlights economic uncertainty with stagnant business activity and changing consumer sentiment influenced by inflation. Markets react to USD strength, while Germany gains focus amidst changing global dynamics. – vtmarketsmy.com
The US Dollar is bouncing back, nearing the significant 100.00 mark, influenced by Japanese bond policy shifts and anticipation of key economic data. Investors should prepare for potential volatility ahead. – vtmarketsmy.com
Gold prices are down 1.37%, near $3,288, following a descending wedge pattern. Key supports lie at $3,200 and $3,161. Watch for breaks above $3,350 for potential bullish signals. – vtmarketsmy.com
Silver prices dipped nearly 2% to $32.80 as a stronger US Dollar reduced demand for safe-haven assets. Ongoing trade negotiations and price fluctuations indicate uncertainty in the market, urging cautious trading. – vtmarketsmy.com
Bank of Nova Scotia’s earnings fell short at $1.06 per share, missing forecasts and marking a decline from last year. Future results hinge on management insights amid sector volatility. – vtmarketsmy.com
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