Live Updates

The US Dollar faces potential declines against the Japanese Yen, with forecasts suggesting a drop below 149.50. Economic data strengthens bearish sentiment, prompting traders to consider protective strategies. – vtmarketsmy.com

Chile’s largest copper producer is raising its premium to $325/ton for European buyers due to significant supply shortages from the El Teniente mine disruptions, impacting global copper prices and market trends. – vtmarketsmy.com

The New Zealand Dollar (NZD) is expected to trade between 0.5685 and 0.5770, with analysts suggesting a neutral outlook. Recent movements indicate potential for range-bound strategies amid low volatility. – vtmarketsmy.com

Chinese smelters are increasing copper exports due to high global prices, causing a drop in copper and zinc prices. Traders should consider short positions on copper while potentially favoring zinc. – vtmarketsmy.com

Gold, after a pullback from its all-time high, remains strong amid risk aversion and a weak US Dollar. Traders are advised to strategically use options to manage exposure in this volatile market. – vtmarketsmy.com

The Australian Dollar (AUD) is set for further declines, with key support levels at 0.6440 and resistance at 0.6530. Strategies include selling call options to capitalize on limited upward momentum. – vtmarketsmy.com

USD/CAD dipped to 1.4040 amid US political chaos and trade tensions with China. Oil price drops challenge the Canadian Dollar, creating uncertainty, though potential strategies are available for traders to capitalize on volatility. – vtmarketsmy.com

Gold prices are rising as Fed Chair Powell hints at interest rate cuts amid US-China tensions. Traders are advised to buy gold options, leveraging potential price increases from favorable economic conditions. – vtmarketsmy.com

Pound Sterling (GBP) might test 1.3475 soon, with a potential rise to 1.3505 if it breaks through. Watch the 1.3360 support for risk management in upcoming trades. – vtmarketsmy.com

The IEA forecasts a 4 million barrel per day oil surplus next year, but their projections may be too optimistic. Traders should prepare for market volatility and possible strategic opportunities amidst uncertainty. – vtmarketsmy.com