Live Updates

China’s opening of its bond market to Russian energy firms marks a significant shift, fostering a de-dollarized trade relationship. This move will stabilize the renminbi-ruble currency pair and reshape global energy flows. – vtmarketsmy.com

China’s push to bolster the renminbi comes as the U.S. dollar weakens. Plans for an offshore stablecoin could challenge dollar dominance and heighten currency volatility—offering investment opportunities. – vtmarketsmy.com

OPEC+ boosts oil production by 137,000 barrels daily as market dynamics shift towards reclaiming share over stabilizing prices. Crude prices may drop, impacting petrocurrencies while benefiting importers like the euro and yen. – vtmarketsmy.com

China’s central bank boosts gold reserves for the tenth month, driving prices past $3,500. Anticipation of US rate cuts and geopolitical tensions suggest gold could reach $5,000. – vtmarketsmy.com

Czech National Bank warns that restrictive monetary policy is essential to control inflation, signaling a steady 3.5% rate. Traders should prepare for prolonged high rates, impacting stock market outlooks. – vtmarketsmy.com

Low market liquidity on Monday introduces volatility, particularly for the yen following Prime Minister Ishiba’s resignation. Traders should exercise caution as currency dynamics shift, with a stronger US dollar influencing multiple pairs. – vtmarketsmy.com

The Japanese yen is weakening after Prime Minister Shigeru Ishiba’s resignation, pushing USD/JPY to 148.22. Political uncertainty suggests further declines ahead, impacting market volatility and trading strategies. – vtmarketsmy.com

This week is packed with crucial economic data, including US CPI and ECB decisions, alongside the UN Assembly. Apple’s product launch may trigger market reactions, especially amid inflation concerns. – vtmarketsmy.com

Oil prices are teetering at $61.87, with OPEC+ hints at increased production sparking concerns for US shale. As volatility rises, strategies like long straddles may capitalize on upcoming price swings. – vtmarketsmy.com

US job gains were dismal in August, prompting expectations for a Federal Reserve rate cut. Gold surged to record highs, while the Canadian dollar and oil prices faced declines amid recession fears. – vtmarketsmy.com