NZD/USD hovers above 0.6000 amidst mixed Chinese economic data, with rising retail sales yet falling industrial production. New Zealand’s shrinking services sector and Middle East tensions add uncertainty for traders. – vtmarketsmy.com
South Korea’s money supply growth accelerated to 5.8% in April, boosting liquidity. The EUR/USD climbed above 1.1550 as the dollar weakened. Market tensions heighten ahead of central bank decisions. – vtmarketsmy.com
China’s new home prices fell 3.5% year-on-year in May, showing some improvement. Guangzhou’s drastic policy changes signal potential shifts in the housing market, reflecting broader economic uncertainties ahead. – vtmarketsmy.com
WTI oil is now around $72.15, driven by Israeli strikes on Iranian gas facilities and potential Strait of Hormuz closures. Geopolitical tensions and US tariffs threaten oil supply and demand. – vtmarketsmy.com
China’s housing market shows signs of stabilizing with a slower 3.5% price drop in May. Meanwhile, currencies and gold remain under pressure as traders await crucial central bank meetings. – vtmarketsmy.com
China’s central bank, PBOC, is carefully managing liquidity with a net injection of 68.2 billion yuan while keeping the yuan’s exchange rate stable, avoiding drastic monetary shifts. – vtmarketsmy.com
The Bank of Japan may cut bond tapering from ¥400 billion to ¥200 billion monthly by April 2026. This cautious shift reflects inflation pressures and aims for market stability as the Yen recovers. – vtmarketsmy.com
Israel detected a new wave of Iranian ballistic missile launches, prompting red alerts. Air defense systems intercepted several missiles. Impacts near Tel Aviv signal rising tensions and potential financial market volatility. – vtmarketsmy.com
The Semiconductor Index shows potential for further gains, targeting $5420 while monitoring support levels. Caution is advised as price movements suggest waning momentum. Strategic positioning is key amid market fluctuations. – vtmarketsmy.com
The Bank of Japan plans to halve its government bond purchases starting April 2026, while maintaining interest rates at 0.5%. This cautious approach aims to test market resilience without causing disruption. – vtmarketsmy.com
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