Live Updates

The Bank of Japan raised its policy rate to 0.75%, prompting the USD/JPY to rise over 1%. With contrasting future rate expectations, a significant drop to 140.00 is likely. – vtmarketsmy.com

The GBP/USD exchange rate stabilizes at 1.3375 amid a surprising 0.1% decline in UK retail sales. High interest rates dampen consumer spending, prompting strategies to exploit upcoming volatility in trading. – vtmarketsmy.com

The Bank of Japan’s rate hike failed to strengthen the yen, with USD/JPY soaring above 157. Currency traders anticipate further yen weakness amid US-Japan interest rate disparities and caution for potential interventions. – vtmarketsmy.com

The British Pound’s initial rise after the Bank of England’s 25 basis point rate cut has diminished due to cautious guidance. A bearish pattern suggests potential downward risks ahead. Stay alert! – vtmarketsmy.com

The EUR/USD fell to 1.1710 due to France’s budget delay, yet the ECB’s steady rates and improved growth forecasts support the euro. Caution is advised amid rising volatility and political uncertainties. – vtmarketsmy.com

The ECB’s steady rates signal the end of the easing cycle, boosting the Euro. Traders are advised to buy on dips, with a potential bullish outlook on the EUR/USD currency pair. – vtmarketsmy.com

Mexico’s private spending rebounded to 1.4%, indicating economic resilience. Despite persistent inflation, the peso could strengthen against weaker currencies, making it a prime candidate for investment strategies. – vtmarketsmy.com

India’s forex reserves rose to $688.95 billion, enhancing stability for the rupee and reducing volatility in the USD/INR pair. Traders might consider strategies like selling options or futures contracts. – vtmarketsmy.com

ECB policymaker Mārtiņš Kazāks indicates stable inflation expectations and warns against predicting interest rates. With uncertainties in the Eurozone, consider volatility strategies like straddles or strangles on EUR/USD. – vtmarketsmy.com

Putin’s support for peace talks on Ukraine could shift market sentiment towards a “risk-on” phase, potentially impacting currencies and commodities, while inflation and energy markets remain pivotal variables. – vtmarketsmy.com