Live Updates

GBP/USD has dropped below its 200-day SMA, indicating potential further declines due to UK economic weakness and a anticipated rate cut by the Bank of England, with a 74% probability. – vtmarketsmy.com

The Bank of Canada cut interest rates to 2.25% to address economic challenges tied to US trade policies. Growth forecasts have declined, and uncertainties surrounding trade continue to affect the Canadian dollar. – vtmarketsmy.com

Copper prices soar to an all-time high due to fragmented inventory systems rather than industrial demand, highlighting a fragile supply side and future catalysts for increased demand, especially from China. – vtmarketsmy.com

Silver prices are declining due to liquidity issues, not demand. Increased supply from London vaults caps upside potential, while bearish trading strategies may be advantageous as industrial demand weakens. – vtmarketsmy.com

Central bank gold purchases are falling, despite rising prices. The dedollarization narrative has stalled, with BRICs+ buying flat. Investors may be cautious as significant buying opportunities seem unlikely for now. – vtmarketsmy.com

Crude oil inventories fell sharply in October, signaling strong demand. As the US dollar strengthens and interest rates shift, strategies in forex and commodities are crucial. Explore market opportunities! – vtmarketsmy.com

The Australian Dollar hesitates as traders await the Federal Reserve’s policy announcement, influenced by unexpected inflation data and global tensions. Strategy adjustments are crucial as markets navigate these shifts. – vtmarketsmy.com

Kirby’s mixed earnings signals prompt caution, with traders eyeing put options amid a bearish trend. Despite four earnings beats, revenue concerns highlight uncertainty in the shipping sector. Be strategic! – vtmarketsmy.com

The Bank of Japan may tighten policies soon due to rising inflation, presenting a chance for a stronger yen. Watch for USD/JPY declines targeting below 146 as market dynamics shift. – vtmarketsmy.com

The Pound Sterling has declined 0.4% against the US Dollar, raising concerns ahead of the Bank of England’s November 6th meeting, where potential rate cuts are anticipated due to weak economic data. – vtmarketsmy.com