The Pound Sterling steadies as traders await the Bank of England’s policy meeting amid mixed data. With a possible rate cut looming, volatility is expected in GBP/USD as market uncertainty grows. – vtmarketsmy.com
Mary Daly, President of the San Francisco Fed, supports a rate cut due to persistent inflation and a softening labor market. Expect market volatility as future Fed decisions remain uncertain. – vtmarketsmy.com
Gold prices are constrained between $3,900-$4,050, pressured by a stronger US Dollar and a cautious Fed stance. Economic weakness suggests potential future price support as central banks continue buying. – vtmarketsmy.com
The Euro steadies as weaker US manufacturing data contrasts conflicting economic signals, raising market volatility. With EUR/USD near critical lows, traders may consider options to manage risk ahead. – vtmarketsmy.com
The Australian Dollar weakens to 0.6530 against the US Dollar as traders anticipate the RBA’s upcoming meeting amid contrasting economic signals. Expect volatility as market dynamics shift. – vtmarketsmy.com
Chicago Fed President Austan Goolsbee cautions against aggressive rate cuts, highlighting persistent inflation and weak hiring. Market uncertainty looms ahead of the December Fed meeting, urging traders to prepare for volatility. – vtmarketsmy.com
US manufacturing activity declined in October, with the ISM PMI dropping to 48.7. Despite this, a reduction in input inflation signals a potential dovish stance from the Fed, impacting markets positively. – vtmarketsmy.com
US manufacturing shows contraction with an ISM PMI of 48.7, while the Federal Reserve holds interest rates steady. Market volatility rises, presenting unique trading opportunities amid economic uncertainty. – vtmarketsmy.com
US manufacturing prices fell below expectations, hinting at easing inflation. As the dollar’s strength wavers, traders are eyeing potential rate cuts, shifting strategies in currency and bond markets amid subdued volatility. – vtmarketsmy.com
The ISM Manufacturing Index shows slight employment improvement, but the manufacturing sector remains weak. Meanwhile, a strengthening US Dollar pressures EUR/USD and crypto markets, signaling potential trading strategies ahead. – vtmarketsmy.com
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