Live Updates

Pound Sterling is holding steady at 1.3390, influenced by US dollar weaknesses rather than UK strengths. With a divided Bank of England signaling potential rate cuts, caution is advised for traders. – vtmarketsmy.com

The USD shows mixed stability as central banks adjust rates, with European stocks declining. Attention shifts to inflation and economic data, highlighting volatility in currency markets amid diverging central bank views. – vtmarketsmy.com

Norges Bank surprisingly cut its interest rate to 4.25%, hinting at further decreases by year-end. This policy shift may lower borrowing costs while weakening the Krone against the Euro. – vtmarketsmy.com

European central banks diverged today: Switzerland cut rates to combat deflation, while the UK held rates steady amid stagflation fears. Markets showed muted reactions, with geopolitical tensions looming. – vtmarketsmy.com

The Euro hovers below 1.15 against the US Dollar, showing stability amid muted market activity. Traders eye potential rate cuts, with key support at 1.1420 and resistance at 1.1520. – vtmarketsmy.com

EU officials reluctantly accept a baseline 10% tariff in US trade talks, complicating negotiations for lower rates. This entrenched figure signals challenges ahead, reshaping market expectations and pricing strategies. – vtmarketsmy.com

Iran’s warning about closing the Strait of Hormuz has sparked a 2% rise in crude oil prices. Market dynamics are reacting swiftly to geopolitical tensions, raising stakes for traders and investors. – vtmarketsmy.com

The ECB emphasizes that price stability is just one aspect of economic growth. Key factors include productivity, competitiveness, and labor market efficiency, with potential gains from AI and infrastructure investment. – vtmarketsmy.com

The Canadian Dollar is weakening against the USD, which may gain further with resistance at 1.3745. Inflation concerns persist, impacting monetary policy as markets await clearer signals for direction. – vtmarketsmy.com

Global markets are in a cautious wait-and-see mode as central banks signal potential rate cuts by year-end amid low volatility. Economic data will guide future interest rate decisions. – vtmarketsmy.com