Live Updates

US-China talks progress slowly, indicating stability, while Iran stalls in nuclear negotiations, raising uncertainty. Market reactions may vary as these diplomatic outcomes shape risk assessments. A critical moment lies ahead. – vtmarketsmy.com

US oil production is projected to decrease to 13.37 mbpd by 2026, amid declining drilling activity and oil prices. Global demand forecasts are also reduced, indicating market caution is warranted. – vtmarketsmy.com

The US and India are negotiating trade agreements, aiming to resolve tariffs and boost trade by 2030. Ongoing discussions may yield an interim deal by month-end, potentially impacting market dynamics. – vtmarketsmy.com

The EURUSD’s failed breakdown below the 200-hour moving average sparked a snapback rally, with buyers gaining momentum above the 100-hour MA. Traders now watch for sustained support and potential further gains. – vtmarketsmy.com

Goldman Sachs revises EUR/USD forecasts due to a slowing US economy and declining foreign interest in USD assets, predicting 1.25 in 12 months. Traders should adapt to changing market dynamics. – vtmarketsmy.com

The World Bank cuts global growth forecasts, predicting 2025 will witness the slowest growth in 60 years. While emerging economies remain resilient, advanced regions, especially the US and Eurozone, face significant declines. – vtmarketsmy.com

The USD/CAD exchange rate fluctuated amid talks of a US-Canada trade deal and Canada’s NATO spending commitment. Expectations suggest a potential decline in the USD, favoring the Canadian dollar. – vtmarketsmy.com

The USDCHF pair is stalled near resistance at 0.82415, with sellers in control. Watch key support levels below for potential drops, or resistance at 0.8249 for upward movement. – vtmarketsmy.com

Economists predict the Federal Reserve will cut interest rates in September, with multiple reductions likely in 2025. Traders should focus on cautious strategies amidst modest growth forecasts and potential sentiment shifts. – vtmarketsmy.com

The USD fluctuates amid positive US-China talks and focuses on upcoming CPI data and Treasury auctions. Major currencies show slight changes, while small business optimism rises amid regulatory concerns. – vtmarketsmy.com