Live Updates

Federal Reserve President Elizabeth Hammack emphasizes challenges in understanding inflation due to data shortages but focuses on reaching the 2% target amidst cooling labor markets and currency fluctuations. Volatility looms ahead. – vtmarketsmy.com

GBP/JPY is near 208.64, a multi-year high, as the Bank of England plans a rate cut while the Bank of Japan anticipates a hike. A policy clash could trigger volatility. – vtmarketsmy.com

US crude production is set to peak at 13.87 million barrels per day, but a surplus is projected to lower Brent prices to $55 by 2026, signaling a bearish market ahead. – vtmarketsmy.com

Gold prices are surging towards record highs, driven by Federal Reserve rate cuts and geopolitical tensions. Investors are advised to adopt strategic trading approaches as the market anticipates further gains. – vtmarketsmy.com

The Federal Reserve is shifting focus to the job market, suggesting lower interest rates ahead. Traders should position for continued rate cuts, benefiting equities and weakening the US Dollar. – vtmarketsmy.com

The Canadian Dollar strengthens against the US Dollar due to the Bank of Canada’s steady rates, while the Fed’s cuts signal easing. Anticipate volatility with upcoming Canadian inflation data impacting USD/CAD. – vtmarketsmy.com

Germany’s current account shrank in October, highlighting economic concerns in Europe, while the UK faces a potential recession. Meanwhile, gold and copper prices rise amid industrial demand amid US market shifts. – vtmarketsmy.com

Canada’s wholesale sales unexpectedly rose, signaling market resilience. Commodities like gold and copper hit new highs, while currencies reacted to evolving monetary policies. Market strategies suggest opportunity amidst volatility. – vtmarketsmy.com

Canada’s October building permits surged 14.9%, defying expectations and indicating strong construction sector confidence. This data may influence interest rates, supporting the Canadian dollar and boosting related sectors. – vtmarketsmy.com

Canada’s economy is slowing, presenting opportunities for bearish positions on the loonie amidst poor retail sales. Global currencies show mixed trends, while gold and silver spike amid inflation fears. – vtmarketsmy.com