Aluminium prices are soaring, surpassing $2,900 per tonne, driven by supply caps in China and easing US-China tensions. As demand grows, traders eye potential opportunities in the options market. – vtmarketsmy.com
The US Dollar shows mixed trading dynamics, struggling against major currencies while holding firm against Asian ones. With key economic indicators shifting, traders face heightened volatility ahead. – vtmarketsmy.com
Oil prices are plummeting, with WTI falling over 4% to $58.5/bbl due to a looming supply glut and stagnant demand, signaling potential further declines ahead for traders. – vtmarketsmy.com
The EUR/GBP is rising, bolstered by weak UK GDP data and a dovish Bank of England. With inflation pressures in the Eurozone, a shift towards a stronger Euro seems likely. – vtmarketsmy.com
Silver prices hover near $54, influenced by market sentiment shifts post-US government shutdown and Fed policy uncertainties. Traders should remain cautious as industrial demand and dollar strength affect future pricing. – vtmarketsmy.com
The UK’s trade balance showed improvement, narrowing its deficit, but a weaker pound and sluggish GDP growth create challenges. Traders are advised to adopt volatility-focused strategies amid market uncertainty. – vtmarketsmy.com
WTI oil prices have risen slightly, trading at $58.46 per barrel, influenced by a surprise inventory draw and a weakening US Dollar. Upcoming OPEC+ meetings could further impact market dynamics. – vtmarketsmy.com
UK industrial production fell 2.5% in September, worse than expected, pressuring the Pound Sterling. Meanwhile, the US Dollar strengthened post-shutdown, and gold rose, signaling mixed market sentiments. – vtmarketsmy.com
UK manufacturing dropped 1.7% in September, far exceeding expectations. This downturn pressures the British Pound and complicates the Bank of England’s future decisions amid ongoing economic challenges. – vtmarketsmy.com
The UK’s GDP fell by -0.1% in September, alarming markets and pressuring the Bank of England to consider rate cuts. As gold prices rise, the pound weakens amidst economic uncertainty. – vtmarketsmy.com
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