Live Updates

Trump threatens a 5% tariff on Mexico over water supply issues, affecting USD/MXN and market volatility. Tariffs could disrupt the automotive sector and provoke retaliation, influencing commodity futures. – vtmarketsmy.com

China’s central bank set the USD/CNY rate at 7.0773, hinting at a gradual currency depreciation to support exports amid weak economic data, making options trading favorable for traders anticipating this trend. – vtmarketsmy.com

The NZD/USD is falling to around 0.5775 as the US Dollar strengthens ahead of a hawkish rate cut by the Federal Reserve. Key employment data and China’s trade surplus influence market movements. – vtmarketsmy.com

Nasdaq futures are at a critical juncture, struggling to break the 25,855 resistance. Traders eye the pivotal 25,677 level for direction, anticipating volatility around next week’s inflation data. – vtmarketsmy.com

Australian business confidence has plummeted to 1 amid rising inflation and global uncertainties, signaling potential economic slowdown. Investors should prepare for volatility in the ASX 200 and consider defensive strategies. – vtmarketsmy.com

Business conditions in Australia dropped from 9 to 7, signaling decreased activity and confidence. Rising inflation and uncertain policies suggest a challenging economic outlook, prompting cautious trading strategies ahead. – vtmarketsmy.com

Japan’s money supply increased to 1.8%, supporting a continued easy-money policy by the Bank of Japan. Traders should leverage this for potential gains in equities and currency strategies amid global market fluctuations. – vtmarketsmy.com

Gold prices hover around $4,195 as markets anticipate a 25-basis point rate cut from the Federal Reserve. Uncertain guidance could sway gold’s value amid geopolitical tensions and mixed economic data. – vtmarketsmy.com

The GBP/USD is steady above 1.3300 ahead of crucial Fed and Bank of England interest rate decisions. Traders brace for volatility, anticipating significant shifts in monetary policy impacting currency markets. – vtmarketsmy.com

Trump’s tariff threat on Canadian fertilizer could destabilize the USD/CAD exchange rate, currently at 1.3851. Economic indicators, interest rates, and trade dynamics will greatly influence the Canadian dollar’s future. – vtmarketsmy.com