Live Updates

The Swiss National Bank’s sight deposits fell by CHF 6.2 billion, signaling potential policy tightening as inflation rises. This could lead to increased market volatility and opportunities for traders. – vtmarketsmy.com

Switzerland’s manufacturing PMI dropped to 48.8, signaling ongoing contraction since January 2023. With new orders declining, pressure mounts on the Swiss National Bank for further rate cuts, impacting stocks and currency. – vtmarketsmy.com

Crude oil prices declined due to a disappointing US jobs report, raising economic growth concerns. OPEC+ increased production, but market focus now shifts to upcoming economic data and the Federal Reserve’s actions. – vtmarketsmy.com

European equities see slight gains as traders shift focus to potential Fed rate cuts after disappointing U.S. jobs data. Swiss stocks drop, while options strategies emerge amid market volatility. – vtmarketsmy.com

Gold prices surged after a softer NFP report, driving expectations for interest rate cuts up to 59 basis points. Traders watch key support levels and upcoming data closely as they strategize for potential gains. – vtmarketsmy.com

This week’s FX market highlights include key U.S. ISM services PMI, Bank of England’s rate cut, and Canada’s labor data. Anticipate cautious economic signals and strategic trading opportunities. – vtmarketsmy.com

Switzerland’s inflation data for July shows a surprising 0.2% CPI increase, complicating expectations for the Swiss National Bank. Traders should brace for potential CHF strength amid changing rates. – vtmarketsmy.com

Today’s Swiss CPI report shows low inflation, keeping the Swiss National Bank steady. Eyes now shift to the US for PMI and jobless claims data, which may influence market volatility. – vtmarketsmy.com

European markets are bouncing back slightly, with Eurostoxx and DAX futures rising after a dismal US jobs report. Caution is advised as volatility remains high, possibly indicating a temporary rally. – vtmarketsmy.com

The US dollar faces weakened momentum after disappointing jobs data, with potential rate cuts looming. Markets react with increased volatility, creating opportunities and risks for traders navigating this uncertain landscape. – vtmarketsmy.com