Live Updates

Gold prices fell 2% after reaching a record high, triggered by easing US-China tensions and rising Treasury yields. Central banks continue to buy gold, indicating potential for future price recovery. – vtmarketsmy.com

The AUD/USD is steady at 0.6500 due to improved trade rhetoric, but looming economic data and falling iron ore prices raise concerns. Consider put options below 0.6440 for protection. – vtmarketsmy.com

The Japanese Yen weakens as Trump softens his China trade stance, boosting USD/JPY to 150.38. With upcoming Fed rate cuts and APEC Summit looming, market volatility is expected. – vtmarketsmy.com

Megan Greene from the Bank of England discussed inflation, currency risks, and labor market trends, indicating limited GBP potential and the need for strategic trading in a cautious economic environment. – vtmarketsmy.com

US oil rig counts rose to 418, signaling steady production, while the strong dollar pressured EUR/USD and GBP/USD. Gold prices dipped, and the crypto market faced massive liquidation, exceeding $1 billion. – vtmarketsmy.com

The Euro is steady after France’s government survived no-confidence votes, while the British Pound struggles with fiscal concerns. Market sentiment favors the Euro, prompting strategic trading opportunities in EUR/GBP. – vtmarketsmy.com

Alberto Musalem urges caution in Federal Reserve policy, hinting at possible rate cuts if job risks rise. He emphasizes flexibility in decision-making amid evolving economic conditions, especially concerning inflation and tariffs. – vtmarketsmy.com

GBP/USD dipped after hitting 1.3471, influenced by President Trump’s tariff comments, with the pair now around 1.3415. Investors consider options strategies amid fluctuating central bank policies and market uncertainty. – vtmarketsmy.com

Gold prices dipped slightly from record highs but remain strong due to ongoing US-China tensions and expected interest rate cuts. Traders see potential buying opportunities amidst market uncertainty. – vtmarketsmy.com

UK’s economy grew 0.1% in August, but weak jobs data may lead to a Bank of England rate cut. Traders should prepare for volatility and consider bearish strategies on GBP/USD. – vtmarketsmy.com