Live Updates

Richmond Fed President Thomas Barkin resists cutting interest rates due to inflation fears from tariffs, despite strong job markets. Businesses’ uncertainty hinders investment, complicating future economic strategies. Navigate carefully! – vtmarketsmy.com

Eurozone consumer confidence dropped to -15.3, below expectations. This suggests rising caution among households, potentially impacting spending and market stability as traders brace for volatility in upcoming reports. – vtmarketsmy.com

European indices showed mixed results, with most experiencing weekly losses. Caution prevails among traders as consumer strength fades, while US markets offer little direction. Patience and strategic trading are advised. – vtmarketsmy.com

CarMax’s quarterly earnings of $1.38 beat expectations, indicating solid performance despite a 21.3% drop in stock value this year. Meanwhile, Domino’s faces declining profits but rising revenue. – vtmarketsmy.com

The Euro dipped against the British Pound despite disappointing UK retail sales. Market focus shifts to upcoming economic data, influencing expectations for ECB and BoE decisions. Stay tuned for key insights! – vtmarketsmy.com

GBPUSD faces critical resistance near 1.3513, testing support at 1.3455 amidst UK inflation concerns and poor retail sales. Sellers dominate, suggesting potential further declines if crucial levels are breached. – vtmarketsmy.com

Canada’s housing prices dropped 1% in May, signaling ongoing market softness, while gold surged to $3,370 amid Middle Eastern tensions. Currency pairs face volatility, reflecting cautious investor sentiment. – vtmarketsmy.com

Federal Reserve Governor Waller hints at possible rate cuts by July due to weakening job creation and steady inflation. This shift, signaling a dovish stance, impacts market expectations and the US Dollar. – vtmarketsmy.com

The Federal Reserve’s report reveals fragile market liquidity, impacted by tariffs, with trading depth dwindling. Despite inflation pressures and a shaky outlook, the job market remains resilient and consumer spending solid. – vtmarketsmy.com

Canada’s April retail sales increased by 0.3%, below the expected 0.4%. While consumer spending shows resilience amid tight economic conditions, this slight shortfall may impact future investment strategies. – vtmarketsmy.com