Live Updates

WTI crude oil prices dropped to $58.20, pressured by a strong US Dollar and increased Iraqi output. A significant US inventory draw hints at resilient demand, but global factors raise challenges ahead. – vtmarketsmy.com

China’s inflation rose 0.7% year-on-year in November, but the Producer Price Index fell 2.2%. These trends impact the Australian Dollar, prompting trading strategies to capitalize on volatility. – vtmarketsmy.com

China’s November CPI rose 0.7%, indicating stable inflation and potential lasting monetary policy support. This affects global markets, influencing currency dynamics, commodity prices, and equity strategies amid ongoing economic challenges. – vtmarketsmy.com

China’s Producer Price Index fell 2.2% in November, highlighting ongoing deflationary pressures and weak demand. This may prompt the People’s Bank of China to cut interest rates, impacting investments and currencies. – vtmarketsmy.com

China’s November CPI fell 0.1%, signaling weak demand and potential monetary easing from the PBOC. This could lead to currency depreciation and impact global commodities and equities. – vtmarketsmy.com

Silver has hit an all-time high of $61.00, with strong demand and favorable conditions indicating potential for growth. However, caution is advised due to overbought signals and possible corrections ahead. – vtmarketsmy.com

The People’s Bank of China adjusted the USD/CNY rate to 7.0753, signaling a focus on currency stability. Traders might consider short options as low volatility is expected, but caution is advised. – vtmarketsmy.com

The NZD/USD remains steady, awaiting crucial U.S. interest rate cuts and Chinese inflation data, which could shift market dynamics. Traders anticipate potential gains and view upcoming dips as buying chances. – vtmarketsmy.com

Gold prices are falling at $4,210 as traders await a hawkish Federal Reserve meeting. Despite potential rate cuts, strong central bank demand for gold creates volatility and trading opportunities. – vtmarketsmy.com

Japan’s November Producer Price Index is stable at 0.3%, reducing pressure on the Bank of Japan to raise rates aggressively. Traders should prepare for potential volatility around upcoming policy announcements. – vtmarketsmy.com