The National Bank of Hungary is holding its base rate at 6.50%, stabilizing the forint amid positive economic indicators. Traders should consider shorting EUR/HUF for potential gains from this trend. – vtmarketsmy.com
The USD is expected to trade between 7.1190 and 7.1300 against the CNH, with a potential drop towards 7.1000. Analysts suggest bearish options strategies as volatility remains low. – vtmarketsmy.com
The USD/CAD is nearing its upper range limit, influenced by upcoming inflation data and expectations of a Bank of Canada rate cut, potentially strengthening the USD. Traders are advised to consider strategic options. – vtmarketsmy.com
The New Zealand Dollar (NZD) is expected to trade steadily between 0.5685 and 0.5770 against the US Dollar (USD), making it a prime candidate for range trading strategies. – vtmarketsmy.com
Pound Sterling (GBP) is trading within a narrow range, expected to stay between 1.3385 and 1.3435. A breakout above 1.3475 may lead to further gains, enticing traders to consider options strategies. – vtmarketsmy.com
The EUR/USD currency pair’s future hinges on US market sentiment and upcoming CPI data, while speculation about a potential Ukraine-Russia truce could ignitively impact the euro. Strategic options trading is recommended. – vtmarketsmy.com
The AUD/JPY is rising due to Japan’s new cabinet weakening the Yen, while an $8.5 billion US-Australia trade deal boosts the AUD’s outlook. Caution is advised amid political uncertainties. – vtmarketsmy.com
The British Pound is quietly fluctuating against the Yen, with no clear direction amidst upcoming UK inflation data. New cabinet changes in Japan also shape market sentiments. – vtmarketsmy.com
USD/INR closed near 88.00 as US-China tensions eased, while Indian markets paused for Diwali. Key US CPI data is expected to influence interest rates, amid geopolitical pressures on the Rupee. – vtmarketsmy.com
The Euro is expected to trade within 1.1580-1.1690, with minor fluctuations anticipated. Analysts advise a cautious approach, focusing on selling volatility strategies as significant breaks are unlikely soon. – vtmarketsmy.com
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