Canadian employment data is expected to show a 5,000 job loss in October, signaling potential rate cuts by the Bank of Canada, which could push USD/CAD toward 1.4200 amid weak Chinese trade figures. – vtmarketsmy.com
China’s rare earth export restrictions end, easing trade tensions with the U.S. Meanwhile, the U.S. Dollar fluctuates, Dogecoin stabilizes, and traders eye strategies amidst changing market dynamics. – vtmarketsmy.com
The US labor market shows signs of weakness, with soaring layoffs and soft job growth. Analysts anticipate further USD declines amid ongoing Fed rate cuts and a prolonged government shutdown. – vtmarketsmy.com
The Pound Sterling rebounds slightly after the Bank of England holds rates, but a potential December rate cut looms with 70% odds. Traders anticipate movements in EUR/GBP and UK rates. – vtmarketsmy.com
Singapore’s foreign reserves dropped to $392.2 billion, while global currencies like GBP and EUR fell amid uncertainty. Gold remains strong at $4,000; Dogecoin surges ahead of a potential ETF launch. – vtmarketsmy.com
The Pound strengthens against the weak Yen but struggles at the 201.40 level due to economic uncertainties. Traders may consider options strategies for potential volatility ahead of key central bank meetings. – vtmarketsmy.com
Gold remains resilient above $4,000 amid U.S. economic turmoil and a prolonged government shutdown. With potential Fed rate cuts on the horizon, traders eye bullish strategies targeting $4,100. – vtmarketsmy.com
China’s gold reserves rose to 74.09 million ounces in October, reflecting a growing trend among central banks to diversify assets amid economic uncertainty, as gold prices and market dynamics evolve. – vtmarketsmy.com
WTI oil prices are driven by supply and demand dynamics, geopolitical risks, and OPEC+ decisions. A recent inventory drop heightened demand expectations, while an upcoming meeting may impact future pricing volatility. – vtmarketsmy.com
US Dollar stabilizes after job cuts trigger market concerns. Focus shifts to upcoming Canadian labor data and US consumer sentiment. Volatility expected amid Fed policy dilemmas and persistent inflation fears. – vtmarketsmy.com
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