The USD/JPY pair is under downward pressure, trading around 155.75, influenced by divergent monetary policies as the Bank of Japan considers rate hikes while the Federal Reserve hints at cuts. – vtmarketsmy.com
EUR/USD rises to 1.1635 as ECB hints at halting rate cuts, reinforcing the Euro’s strength. Traders eye key data; breaking 1.1652 could suggest more gains ahead. – vtmarketsmy.com
Gold prices in India rose to 12,235.06 INR per gram as central banks persistently add to reserves amid economic uncertainty. Investors might consider options strategies to benefit from this trend. – vtmarketsmy.com
Gold prices in Malaysia have risen, reflecting increasing demand and a weakening US dollar. Traders may consider bullish strategies with potential upside, as central bank purchases bolster market stability. – vtmarketsmy.com
WTI oil dropped to $58.40 amid hopes for a Russia-Ukraine peace deal. Traders should brace for volatility, balancing geopolitical risks with potential support from a US interest rate cut. – vtmarketsmy.com
Silver is in a bullish phase near mid-$58 but may see a short-term pullback. Strategies like buying call options or selling puts can help capitalize on future gains amid strong industrial demand. – vtmarketsmy.com
The NZD is poised to strengthen against the USD, fueled by supportive Chinese economic data and diverging US monetary policy. Traders may benefit by buying call options as the outlook improves. – vtmarketsmy.com
China’s services PMI dipped slightly, but the Australian Dollar strengthened against the US Dollar, supported by solid iron ore prices and interest rate differentials. Key economic data ahead could impact AUD further. – vtmarketsmy.com
The People’s Bank of China set the yuan stronger at 7.0754 against the dollar, signaling stability focus amid a fragile recovery. Traders may find opportunities in a range-bound market. – vtmarketsmy.com
Traders are closely watching China’s PMI report, anticipating a drop that may impact the AUD. With Ueda hinting at potential rate changes, the AUD/JPY could plummet soon. – vtmarketsmy.com
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