The UK labour market report is expected to show rising unemployment at 5.1% for October and slowing wage growth, impacting the Pound. Traders brace for potential currency shifts before US data release. – vtmarketsmy.com
Gold prices in Pakistan fell slightly to PKR 450,691 per tola, driven by local currency fluctuations and the US Dollar’s weakness. Expect bullish demand as U.S. interest rate cuts loom. – vtmarketsmy.com
Gold prices in India fell, with a gram costing 12,524.32 INR. As central banks continue buying gold and interest rates are expected to drop, this slight dip offers a strategic buying opportunity. – vtmarketsmy.com
Gold prices in Malaysia dropped to 563.12 MYR per gram, influenced by a weaker USD. Central bank buying strengthens demand, making gold appealing as investors seek safety amid economic uncertainties. – vtmarketsmy.com
Today’s German and Eurozone PMI data release could impact the Euro’s strength, with expectations of a slight decline in Germany’s Composite PMI and an improvement for the Eurozone. Watch key support levels! – vtmarketsmy.com
Silver prices drop over 2.5% in the Asian session, signaling potential further declines towards $62.00. Traders should focus on bearish positions, while a rise above $64.00 could shift sentiment. – vtmarketsmy.com
USD/CAD hovers around 1.3770, anticipating US Nonfarm Payrolls data. A weak jobs report may push the US Dollar down, while a strong report could trigger a relief rally. – vtmarketsmy.com
The Japanese Yen is rising against the US Dollar, bolstered by expectations of interest rate hikes from the Bank of Japan, despite potential concerns over Japan’s fiscal health. – vtmarketsmy.com
South Korea’s money supply growth has dipped to 7.1%, signaling potential changes in monetary policy. This shift may impact consumer spending, lending, and create volatility in the financial markets. – vtmarketsmy.com
WTI oil prices dropped to $56.35 amid potential peace talks between Russia and Ukraine, which could increase supply. Traders should prepare for volatility and consider strategies to hedge their positions. – vtmarketsmy.com
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