Live Updates

The Pound Sterling is struggling as the UK faces economic challenges, with recent GDP growth overshadowed by potential tax hikes. Meanwhile, the resilient US economy supports a strengthening dollar. Traders should consider bearish positions on GBP/USD. – vtmarketsmy.com

UK Chancellor Rachel Reeves confirms no wealth tax in the Autumn Budget, focusing on inflation management and fiscal stability. Changing dynamics in currency trading and geopolitical risks may affect the Pound’s strength. – vtmarketsmy.com

The EUR/USD pair has fallen to 1.16 amid adjustments in market positions, with traders facing challenges and potential delays in hitting the 1.20 mark due to European economic weakness. – vtmarketsmy.com

The GBP/USD is climbing, driven by US dollar weakness despite poor UK economic performance. As the Bank of England hints at potential rate cuts, traders eye gold’s skyrocketing value as a safer investment. – vtmarketsmy.com

EUR/USD rises as trade tensions weaken the US Dollar, influenced by upcoming central bank speeches and the US-China summit. Market strategies suggest volatility ahead, with potential Euro gains on key levels. – vtmarketsmy.com

The US Dollar Index struggles below 99.00 due to US-China trade tensions and Federal Reserve easing expectations. Gold prices soar, reflecting a flight to safety amidst rising currency volatility. – vtmarketsmy.com

The Federal Reserve’s dovish shift hints at rate cuts due to slowing growth and trade tensions, impacting the US Dollar. Traders should explore strategies around equities, currencies, and commodities amidst this uncertainty. – vtmarketsmy.com

The US Dollar may test the 7.1200 mark against the Yuan amidst growing downward momentum, but a sustained drop is unlikely. Strategic trading opportunities exist as support holds firm. – vtmarketsmy.com

The USD/JPY is forecasted to decline towards 150.20, with trading remaining range-bound between 149.50 and 153.00. Traders can consider put options to leverage this expected dip. – vtmarketsmy.com

Gold prices have soared to $4,240 due to anticipated Federal Reserve rate cuts and rising US-China trade tensions. Traders are bullish, expecting gold to reach $4,300 amid ongoing geopolitical concerns. – vtmarketsmy.com