Live Updates

Oil net positions have decreased indicating a shift in sentiment. Meanwhile, Bitcoin’s rise boosts meme coins, gold gains appeal amid trade uncertainty, and GBP/USD drops, reflecting weak UK data. – vtmarketsmy.com

Speculative pricing for Jerome Powell’s resignation jumped from 14% to 19% after an unverified letter, highlighting how market sentiment can shift dramatically based on weak sources, creating volatility risks for traders. – vtmarketsmy.com

Eurozone CFTC positions rise signals Euro optimism, but EUR/USD struggles below 1.1700 amid Dollar strength. Gold approaches $3,360, while crypto meme coins soar with Bitcoin’s all-time high. CPI data ahead could shift markets. – vtmarketsmy.com

Rumors of Powell’s resignation circulate online, but the market remains stable and unaffected. Traders focus on confirmed data over speculation, prioritizing macroeconomic trends and official communications instead. – vtmarketsmy.com

Gold net positions inch up to $203K, as gold prices near a two-week peak. Meanwhile, EUR/USD struggles, meme coins surge, and economic data ahead could shift markets drastically. – vtmarketsmy.com

Crude oil futures rose to $68.45 amid OPEC+ production increases and surprising inventory data, closing above the 200-day moving average. A bullish trend sets the stage for potential future gains. – vtmarketsmy.com

Trade sentiment shifts as Australian dollar positions fall, euro struggles under US dollar pressure, and meme coins revive alongside Bitcoin’s all-time high. Gold shines as a safe haven amidst uncertainty. – vtmarketsmy.com

Goolsbee of the Federal Reserve emphasizes that interest rate cuts depend on consistent positive inflation data. Market expectations for September hinge on upcoming CPI reports amidst concerns over tariffs and rising prices. – vtmarketsmy.com

The AUD/USD pair hovers near 0.6600 amid mixed signals, with the RBA’s hawkish stance supporting the Aussie, while traders await clarity on Fed rate cuts for potential direction. – vtmarketsmy.com

MUFG Research recommends going long on EUR/GBP, targeting 0.8850 due to growing GBP risks from UK fiscal concerns. With current prices around 0.8650, the strategy aims for steady euro gains. – vtmarketsmy.com