Live Updates

New Zealand’s Finance Minister proposes increasing Reserve Bank meetings from seven to eight annually, enhancing responsiveness to economic changes and aligning with global norms. This could smooth market reactions and reduce volatility. – vtmarketsmy.com

Deutsche Bank warns that delayed Fed rate cuts may raise borrowing costs and increase default risks for U.S. companies, particularly lower-rated issuers, foreshadowing broader credit deterioration. – vtmarketsmy.com

Morgan Stanley remains bullish on Tesla, targeting a $410 price despite stock pressure from recent controversies. They emphasize Tesla’s strengths in AI and energy, viewing short-term volatility as noise. – vtmarketsmy.com

Currency markets showed bullish trends for EURUSD and GBPUSD, while USDJPY found support. Oil prices rose, Bitcoin surged, and equities reacted cautiously, driven by evolving trade talks and institutional confidence. – vtmarketsmy.com

Slovakia’s National Bank Governor Peter Kazimir hints at ending the rate cut cycle, emphasizing data dependency for future decisions. Analysts await key economic indicators to guide central banking actions amidst inflation concerns. – vtmarketsmy.com

Major indices had modest changes, with the Nasdaq and S&P increasing slightly while the Dow dipped. Tech stocks showed mixed results, particularly with Tesla rebounding sharply, while Apple saw declines. – vtmarketsmy.com

ECB’s Holzmann hints at a cautious approach to rate cuts, focusing on economic data. While inflation is near targets, any downturn could quicken easing discussions, affecting market expectations and positioning. – vtmarketsmy.com

Crude oil futures rise to $65.29, breaking above $64.71. Stability is key; a drop could trigger selling. Watch closely as market sentiment shifts with resistance at $66.28. – vtmarketsmy.com

AUDUSD is currently trading within a tight range, with significant support at 0.6500-0.6514 and resistance at 0.6535-0.6554. Traders await a breakout for potential momentum shifts in either direction. – vtmarketsmy.com

The euro’s recent strength raises concerns for Eurozone growth and inflation, with the ECB maintaining a cautious stance. Market participants should prepare for potential volatility and changes in currency dynamics. – vtmarketsmy.com