OPEC+ boosts oil production by 548,000 barrels daily, intensifying downward pressure on prices amid a U.S. inventory surplus. Traders should prepare for volatility around the upcoming September 7 meeting. – vtmarketsmy.com
New York Fed President John Williams hints at a potential interest rate cut at the September meeting but stresses a data-driven decision. Traders should prepare for volatility in response to economic reports. – vtmarketsmy.com
Vehicle sales in July hit 16.4 million, reflecting strong consumer demand, while currency markets reacted to disappointing jobs data, affecting EUR/USD and GBP/USD. Gold surged to $3,350, and Bitcoin faces support challenges. – vtmarketsmy.com
The USD/JPY pair dropped over 2% to 147.28 after disappointing US job data. With bearish momentum and declining interest rates, further falls toward key support levels are anticipated. – vtmarketsmy.com
EUR/USD surged over 1% following disappointing US jobs data, signaling forecasts of Federal Reserve rate cuts. With a policy divergence from the ECB, traders eye potential upside towards 1.1700. – vtmarketsmy.com
The Canadian Dollar surged against the US Dollar after weak US job data heightened Fed rate cut expectations. USD/CAD dropped below 1.3800, signaling potential further CAD strength amidst diverging economic trends. – vtmarketsmy.com
Market shifts reveal rising CFTC oil net positions, a weak US dollar boosting EUR/USD and GBP/USD, gold surging to $3,350, while Bitcoin corrects below $115,000 amid liquidation challenges. – vtmarketsmy.com
Trader sentiment for the S&P 500 improves slightly, while weak US jobs data strengthens EUR and GBP. Gold rises amid falling Treasury yields, but Bitcoin retreats as caution prevails in crypto markets. – vtmarketsmy.com
Gold positions drop as prices hit $3,350, while the US dollar weakens after poor payroll data. EUR/USD gains traction, raising opportunities in forex, even as crypto faces selling pressures. – vtmarketsmy.com
GBP positions drop to £-12K, signaling weak sentiment. EUR/USD rises above 1.1550, while gold reaches $3,350 amid low US Treasury yields. Bitcoin falls below $115,000 as caution prevails. – vtmarketsmy.com
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