Live Updates

The USD/JPY rises above 147.60 while gold hits a record $3500, as traders seek safe havens amid economic uncertainty. A potential Fed rate cut could shift dynamics in currency markets. – vtmarketsmy.com

Gold prices have soared past US$3505, fueled by expectations of lower interest rates. While UBS forecasts gold at US$3700, traders are advised to watch upcoming job reports for potential market shifts. – vtmarketsmy.com

The Bank of Japan signals a cautious approach to raising interest rates amid low inflation and global uncertainties. Traders are advised to hedge against volatility while exploring opportunities in the bond market. – vtmarketsmy.com

Australia’s net exports modestly boosted GDP by 0.1%, exceeding expectations. Despite rising export volumes, falling commodity prices create uncertainty, suggesting cautious trading as we await key Q3 data from China. – vtmarketsmy.com

The People’s Bank of China is proactively stabilizing the yuan, setting a stronger reference rate while withdrawing liquidity. This signals intervention against depreciation, suggesting volatility for USD/CNY traders in upcoming weeks. – vtmarketsmy.com

China’s stock market has surged 25% since February, driven by policy reforms, despite economic weaknesses like deflation. Cautious trading strategies are essential amid volatility and underlying economic uncertainty. – vtmarketsmy.com

The People’s Bank of China manages the yuan’s value within a +/- 2% trading band. Recent economic data hints at a potential policy shift, making currency monitoring crucial for traders. – vtmarketsmy.com

UBS forecasts gold to reach $3,700 per ounce by mid-2026, driven by lower US interest rates and geopolitical risks. Upcoming US jobs data could ignite price rallies, influencing traders’ strategies. – vtmarketsmy.com

Japan Post Bank plans to introduce a blockchain-based digital yen by 2026, enhancing transaction efficiency and boosting investor confidence in Japan’s financial assets. This marks a significant step in digital finance. – vtmarketsmy.com

Foxconn ramps up hiring and wages ahead of the iPhone 17 launch, anticipating strong demand. Analysts forecast record initial sales, benefiting Apple’s stock and component suppliers like Qualcomm and Broadcom. – vtmarketsmy.com