Live Updates

The US Dollar Index (DXY) fell to 98.55 after the Fed’s third rate cut. With upcoming jobless claims data, traders anticipate a softening dollar. Strategies like buying puts may capitalize on this trend. – vtmarketsmy.com

Japan will monitor US financial conditions after the Fed’s rate cut, which is narrowing the USD/JPY yield gap. Traders expect the yen to strengthen as this trend potentially reverses. – vtmarketsmy.com

USD/CAD struggles near its October lows due to diverging monetary policies and rising oil prices. The Bank of Canada’s stable rates contrast with the Fed’s anticipated cuts, hinting at further CAD strength. – vtmarketsmy.com

WTI crude oil prices fell to $58.70 amid Ukraine-Russia peace discussions and US crude inventory drops. Analysts predict potential declines toward the low $50s if peace is achieved. Navigate this uncertainty carefully! – vtmarketsmy.com

China’s PBoC sets a stronger yuan rate at 7.0686 against the dollar, signaling confidence in currency stability. This move could boost industrial commodity prices and enhance future investor sentiment. – vtmarketsmy.com

The AUD/USD pair’s recent dip signals a buying opportunity despite mixed employment data. With a hawkish RBA and dovish Fed, strategic options trading is crucial as markets gear up for upcoming CPI releases. – vtmarketsmy.com

Australia’s unemployment rate held at 4.3%, but job losses raise concerns. With a bearish market sentiment and potential rate cuts looming, the Australian dollar may weaken further. – vtmarketsmy.com

Australia’s part-time employment surged by 35.2K in November, signaling economic strength. This rise could boost consumer confidence, impact monetary policy, and shape market strategies amid persistent inflation concerns. – vtmarketsmy.com

The NZD/USD pair rises, driven by a weakening USD as traders predict further rate cuts. The Reserve Bank of New Zealand’s hawkish stance contrasts with the Fed, boosting the Kiwi. – vtmarketsmy.com

Australia’s participation rate dipped to 66.7%, below predictions, signaling a cooling job market and influencing economic strategies. Traders brace for potential rate cuts, shifting focus from hikes to the AUD’s weakening prospects. – vtmarketsmy.com