Live Updates

US Treasury Chief Bessent sees improving US-China relations, hinting at lower market volatility. Positive Q4 predictions signal strategic opportunities in cyclical sectors and pairs trading amid economic distribution issues. – vtmarketsmy.com

The Reserve Bank of New Zealand is expected to cut rates by 25 basis points, bringing the Official Cash Rate to 3.00%. Inflation pressures complicate future easing plans, potentially causing market volatility. – vtmarketsmy.com

Key market events today include Japanese Machine Orders, Chinese Loan Prime Rate, UK inflation data, and US EIA data. These releases will influence interest rates and commodity sentiment. Stay alert! – vtmarketsmy.com

The Reserve Bank of New Zealand may cut rates by 25 basis points, impacting the NZD. Traders should prepare for volatility and consider strategies like options to navigate potential price swings. – vtmarketsmy.com

Stocks fell, led by tech losses, while safe-haven currencies gained. With a tricky market ahead of the Jackson Hole meeting, consider hedging strategies on tech and bonds for potential protection. – vtmarketsmy.com

The US dollar gained against major currencies, with mixed housing data complicating outlooks. Anticipate market shifts influenced by geopolitical developments, potential rate cuts, and economic uncertainty. Strategies for volatility and options suggested. – vtmarketsmy.com

A recent API survey shows U.S. crude oil inventories fell by 2.4 million barrels, surpassing expectations, indicating strong demand. This could boost prices, especially amid hurricane season risks. – vtmarketsmy.com

Stocks closed mixed today, with the Dow slightly up while the S&P and NASDAQ fell, indicating a potential shift in market leadership towards safer investments as concerns about tech stocks rise. – vtmarketsmy.com

Mexico’s plan to revive a North American steel committee aims to enhance U.S.-Mexico trade ties, potentially stabilizing long-term steel prices. Short-term market volatility may arise from negotiations, affecting trading strategies. – vtmarketsmy.com

The NASDAQ index is in a downturn, breaching critical support levels. Market watchers are eyeing the 200-hour moving average as potential further declines loom, especially ahead of Powell’s speech. – vtmarketsmy.com