Live Updates

Crude oil inventories dropped dramatically, yet prices fell instead of rising. This anomaly signals potential market volatility. Traders are urged to reassess strategies amidst shifting demand expectations and geopolitical risks. – vtmarketsmy.com

Mexico’s private spending fell by 0.6%, marking a worrying shift from previous growth, signaling potential economic challenges ahead. Traders may rethink strategies amid tightening conditions and waning consumer confidence. – vtmarketsmy.com

Trump advocates for a 2% interest rate cut, eyeing economic savings and potential market shifts. His comments on Iran hint at possible negotiations, while a trade deal with India is on the horizon. – vtmarketsmy.com

The EUR/USD pair is struggling near 1.1500 amid geopolitical tensions and rising oil prices. Market focus shifts to upcoming Federal Reserve decisions, affecting safe-haven demand for the US Dollar. – vtmarketsmy.com

Canada’s LNG production is set to begin mid-2025, offering cleaner alternatives to Asian markets. With significant investments and shorter shipping routes, it’s reshaping global supply dynamics amid environmental scrutiny. – vtmarketsmy.com

WTI crude oil prices hover around $74, rising due to tensions over US-Iran conflict. Supply fears and geopolitical risks could drive prices higher, with potential implications for energy markets ahead. – vtmarketsmy.com

US housing starts fell to 1.256 million in May, the lowest since 2020, highlighting a struggling market. Even with low mortgage rates, builder sentiment and permits are declining sharply. – vtmarketsmy.com

The Japanese Yen rises 0.3% against G10 currencies, driven by positive trade data and a weaker US Dollar. Inflation pressures loom as CPI figures await, impacting market dynamics. – vtmarketsmy.com

The Federal Reserve maintains interest rates, causing the U.S. dollar to weaken against major currencies. Mortgage applications drop while housing data suggests cautious optimism. Geopolitical tensions may impact markets soon. – vtmarketsmy.com

Pound Sterling rises 0.3% against the US Dollar after unexpected inflation spikes. As rate cuts anticipate easing, technical support and resistance levels suggest potential market volatility ahead. – vtmarketsmy.com