Live Updates

A private API survey reveals a surprising draw of crude oil inventories, suggesting demand outpacing supply. Traders should prepare for potential price spikes ahead of the official EIA report. – vtmarketsmy.com

Retail sales jumped 0.7%, boosting GDP estimates to 3.4%, complicating the Fed’s rate cut plans. This surge in consumer spending signals potential volatility in the bond market. Stay informed! – vtmarketsmy.com

Economic indicators from New Zealand, Japan, and Australia are set for release, with minimal changes expected. However, surprises could spark volatility, presenting trading opportunities amid central bank uncertainties. – vtmarketsmy.com

US stock indices experienced modest declines after reaching intraday highs, as traders await the FOMC rate decision. Energy stocks thrived, while utilities lagged, signaling market caution amid interest rate concerns. – vtmarketsmy.com

Federal Reserve meetings create market volatility, but long-term investors should focus on risk management instead of short-term fluctuations. Prepare for uncertainty and adapt strategies regardless of market outcomes. – vtmarketsmy.com

Ursula von der Leyen and Trump discussed ramping up economic pressure on Russia by phasing out fossil fuel imports. Meanwhile, potential peace talks could greatly impact energy and equities markets. – vtmarketsmy.com

Mark Carney’s first budget on November 4 is set to reshape Canada’s economy, focusing on home-building and tax reductions. Traders should brace for volatility in Canadian assets amid a projected C$70 billion deficit. – vtmarketsmy.com

Crude oil futures rose to $64.52, above the 100-day moving average, signaling potential bullish momentum. However, resistance above $66.36 and inflation concerns in Europe create a mixed demand outlook. – vtmarketsmy.com

Canada’s retail sales showed mixed results in August: core sales rose 0.4% while overall spending fell 2.2%. Despite challenges, consumer strength hints at a resilient economy and investment opportunities. – vtmarketsmy.com

The White House extended TikTok’s sale deadline to December 18, impacting Oracle’s stock volatility. Traders should navigate market uncertainty with options strategies amid geopolitical tensions influencing prices. – vtmarketsmy.com