Live Updates

Scott Bessent is pushing for quicker bond portfolio reductions at the Fed, suggesting potential leadership changes. This could lead to market volatility, higher interest rates, and a stronger dollar. Prepare accordingly! – vtmarketsmy.com

The NZDUSD has surged above its 100-day moving average, signaling potential further gains. With a bullish outlook fueled by dollar weakness and strong NZ economic data, targets are set near 0.6000. – vtmarketsmy.com

CIBC economists predict a 25 basis point rate cut by the Federal Reserve on September 17, despite rising inflation concerns from tariffs. This could lead to increased market volatility and trading opportunities. – vtmarketsmy.com

August’s US federal budget deficit hit $345 billion, larger than expected. Year-to-date, the deficit stands at $1.973 trillion, prompting concerns of rising bond yields and market volatility ahead. – vtmarketsmy.com

Larry Ellison backs Paramount Skydance’s cash bid for Warner Bros. Discovery, sparking a 17% share surge. However, regulatory hurdles loom, and potential debt concerns could affect both companies’ futures. – vtmarketsmy.com

The US Treasury’s $22 billion 30-year bond auction yielded 4.651%, with strong demand from direct and indirect bidders, hinting at stability in the bond market and supporting the dollar’s strength. – vtmarketsmy.com

The U.S. Treasury’s $22 billion auction of 30-year bonds today is crucial for gauging demand. Strong results may stabilize yields, while weak outcomes could lead to increased volatility and trading strategies. – vtmarketsmy.com

ECB policymakers see current interest rates as sufficient for achieving the 2% inflation target, with no immediate changes expected. Global trends suggest a stable euro, but watch for economic downturns. – vtmarketsmy.com

The US 30-year mortgage rate has dropped to 6.35%, offering homeowners a potential monthly saving of $157. This decline signals possible opportunities in the housing market and financial assets. – vtmarketsmy.com

European markets saw gains despite a cautious ECB, while U.S. stocks surged on falling bond yields. Silver prices hit new highs, driven by industrial demand. Market volatility is expected. – vtmarketsmy.com