Live Updates

The US Dollar weakens amid mixed inflation data and political pressure on the Federal Reserve. Strategies include buying put options on dollar funds and considering commodities like gold for potential gains. – vtmarketsmy.com

The USDJPY pair is testing crucial support between 147.04 and 147.13, influenced by recent economic data and potential Bank of Japan policy shifts. Traders should prepare for swift price movements. – vtmarketsmy.com

South Africa’s retail sales growth hit 1.6%, signaling economic trouble. Meanwhile, the Euro and Pound surged, and gold faced pressures from rising rates. AI tokens fluctuated sharply after a major acquisition offer. – vtmarketsmy.com

Mortgage applications jumped 10.9%, signaling a strong US housing market. With the Bank of England cutting rates and currencies shifting, traders should stay alert for potential opportunities in Forex. – vtmarketsmy.com

Pathward Financial exceeded earnings expectations, reporting $1.81 per share, encouraging traders to consider strategies like call options or bull call spreads amid market volatility and mixed economic signals. – vtmarketsmy.com

The Japanese Yen is gaining strength against a weakening US Dollar, driven by steady inflation data and rising expectations for Federal Reserve interest rate cuts. Traders eye critical levels at 147.05. – vtmarketsmy.com

James Bullard’s cautious stance hints at a 25 basis point rate cut instead of a larger one, heightening market uncertainty. Traders should prepare for increased volatility and consider hedging strategies. – vtmarketsmy.com

The USDCAD is stuck in a trading range, awaiting momentum. Key support is at 1.37414; a break below could trigger a downturn. Watch for potential bullish signals above the 100-day moving average. – vtmarketsmy.com

The Australian Dollar has reached a two-week high against the US Dollar at 0.6560, fueled by anticipation of US interest rate cuts. Watch for upcoming Australian employment data, which could influence further gains! – vtmarketsmy.com

The US Dollar is expected to trade between 7.1700 and 7.2100 in the upcoming weeks, suggesting low volatility. Selling options within this range could be a profitable strategy amidst stable market conditions. – vtmarketsmy.com