Canada’s strong labour market keeps the Bank of Canada’s policy rate at 2.25%, boosting the loonie. Meanwhile, the USD fluctuates amid US employment data, presenting potential trading opportunities. – vtmarketsmy.com
The USD/JPY rises near 154.40, fueled by yen weakness and speculation of no December rate hikes by Japan. Attention turns to upcoming US economic data that could shift trends. – vtmarketsmy.com
The Euro holds strong against the British Pound due to UK’s poor employment data, raising expectations for a Bank of England interest rate cut. Traders eye a potential rise toward 0.9000. – vtmarketsmy.com
China’s gold demand shows a split: strong investment in bars and coins rises 24.5% amid economic uncertainty, while jewelry demand plummets due to high prices. Central banks globally continue accumulating gold. – vtmarketsmy.com
Gold prices surged to $4,150 per ounce, driven by weak US economic data and a likely December Fed interest rate cut. Traders are advised to capitalize on precious metals’ upward momentum now. – vtmarketsmy.com
European gas prices are low, around €31 per MWh, due to plentiful LNG supply from the U.S. and reduced demand from China, despite storage levels being below average heading into winter. – vtmarketsmy.com
The NFIB Business Optimism Index shows lowered sentiment among U.S. small businesses. Amid weak labor data, expect U.S. Dollar declines, rising gold prices, and potential trading opportunities in EUR/USD and GBP/USD. – vtmarketsmy.com
South Africa’s manufacturing sector sees growth, boosting optimism amid USD weakness. With potential Federal Reserve rate cuts looming, traders should consider bullish strategies on EUR/USD and gold. – vtmarketsmy.com
The US-China trade truce eases tensions but highlights economic slowdown worries. Growth forecasts dip, deflation concerns rise, and currency traders face uncertainty, making strategic options trading crucial. – vtmarketsmy.com
The US Dollar is expected to range between 7.1170 and 7.1290, indicating stability without major movements. Low volatility suggests traders might profit using conservative strategies until a breakout occurs. – vtmarketsmy.com
Hello there 👋
On hold
Hello there 👋
Scan the QR code with your smartphone to start a chat with us, or click here.
Don’t have the Telegram App or Desktop installed? Use Web Telegram instead.
Insights 
VT 
