Live Updates

The USD/CHF pair dropped to 1.3690 amid rising geopolitical tensions and a SNB interest rate cut. The Swiss Franc strengthens as investors seek stability amidst global uncertainties. – vtmarketsmy.com

The Bank of England kept interest rates steady in a surprising 6-3 vote, hinting at divided opinions on future cuts. Broader geopolitical issues overshadowed this decision’s impact on the pound. – vtmarketsmy.com

New Zealand’s financial markets are closed today, limiting trading in the kiwi dollar. Thin liquidity may lead to wider spreads and erratic price movements, making it a day for cautious monitoring. – vtmarketsmy.com

New Zealand’s GDP rose 0.8% in Q1, surpassing expectations, yet per capita income shows decline. External pressures like tariffs and rising oil prices challenge stable growth, raising concerns over future inflation and economic momentum. – vtmarketsmy.com

OPEC+ plans to gradually increase oil production by 2.2 million bpd, responding to summer demand while maintaining stability amidst geopolitical tensions. This structured approach aims to reduce market volatility and predict supply changes. – vtmarketsmy.com

Silver’s recent pullback from $37.32 follows profit-taking after the Fed paused rate hikes. With strong demand but waning momentum, cautious trading is advised as prices hover around $36.35. – vtmarketsmy.com

J.P. Morgan warns that tensions over the Strait of Hormuz could spike oil prices to $130, while market reactions fluctuate based on geopolitical risks, supply fears, and trader positioning. – vtmarketsmy.com

Gold prices are under pressure from a strong US Dollar, with cautious sentiment and potential resistance at $3,371. Market uncertainty and geopolitical tensions spark interest in gold as a safe-haven asset. – vtmarketsmy.com

US markets paused for Juneteenth as global tensions rise, particularly the escalating Israel-Iran conflict, impacting crude oil prices. Central banks remain cautious, while safe havens like gold and Bitcoin stabilize amid uncertainty. – vtmarketsmy.com

The Indian Rupee has hit a three-month low against the US Dollar due to rising oil prices from Middle East tensions, intensifying inflation pressures and affecting import costs. – vtmarketsmy.com