Live Updates

Federal Reserve Governor Philip Jefferson highlights a shift toward cautious monetary policy as upside inflation risks diminish. Job market data suggests potential weakness, prompting traders to prepare for rate adjustments and currency fluctuations. – vtmarketsmy.com

Novo Nordisk’s stock has plummeted 58% to around $48, now testing a crucial support level. Investors face uncertainty with potential for a bounce or further decline; direction hinges on volume and news. – vtmarketsmy.com

US construction spending rose 0.2% in August, defying expectations. Amid a strong dollar, Bitcoin’s institutional acquisitions are boosting market stability, while gold navigates inflation and Fed uncertainties. – vtmarketsmy.com

Bank of England’s Catherine Mann warns of persistent inflation risks, affecting pricing strategies. The British Pound strengthens against major currencies, prompting traders to consider GBP positions amid changing interest rate expectations. – vtmarketsmy.com

Gold trades around $4,075, impacted by a strong US Dollar and uncertain Federal Reserve policy. Traders may profit through options strategies while awaiting delayed economic data and market signals. – vtmarketsmy.com

The Japanese Yen weakens amid mixed GDP data, with traders eyeing Friday’s inflation report. A stable CPI could reinforce dollar strength, prompting interest in bullish USD/JPY trades despite possible market interventions. – vtmarketsmy.com

The Pound Sterling is steady against major currencies, awaiting the crucial November 26 budget release. Traders eye upcoming CPI and retail sales data, with potential strategies for increased volatility and bearish trends. – vtmarketsmy.com

The Canadian Dollar weakens against the US Dollar following mixed inflation data. With diverging economic signals, focus shifts to upcoming Nonfarm Payrolls, impacting USD/CAD volatility and trading strategies. – vtmarketsmy.com

The Euro is slipping towards 1.16, influenced by a strong US Dollar and neutral ECB signals. Analysts anticipate a range-bound market, advising strategies like selling call options until new data arrives. – vtmarketsmy.com

The Canadian Dollar remains stable around 1.40, overvalued and showing mixed signals. Traders should monitor key levels while preparing for potential volatility as central bank meetings approach. – vtmarketsmy.com