Live Updates

Canada’s June jobs report is crucial, with unemployment expected to rise to 7.1%. Economic pressure is building, affecting the Canadian dollar as trade concerns linger. Pay attention this Friday! – vtmarketsmy.com

The NZDUSD currency pair faces a critical resistance at 0.6033, amidst ongoing indecision. A breakout may favor buyers, while sustained selling pressure could push it down to 0.5981. – vtmarketsmy.com

Natural gas storage fell short, impacting energy market sentiment, while the AUD/USD surged amid positive Australian economic factors. Gold prices remain stable amidst trade uncertainties, and Bitcoin faces potential tax-driven selling pressure. – vtmarketsmy.com

The Reserve Bank of Australia surprised by maintaining interest rates at 3.85%, prompting a rally in AUD/USD. Market optimism is fueled by rising US equities despite tariff concerns, but caution remains essential. – vtmarketsmy.com

EUR/USD fell below 1.1700 amid strong US labor market signals, despite rising Continuing Jobless Claims. Trade negotiations with the EU are evolving, impacting economic outlook and currency values. – vtmarketsmy.com

Tariffs cause a brief price spike, but their impact on long-term inflation is minor. Fed member Waller suggests interest rates may be cut in July, urging preemptive action to avoid job market strain. – vtmarketsmy.com

The US labor market remains strong, nearing full employment, but inflation risks linger, potentially heightened by tariffs and a weakened dollar, posing challenges for the Federal Reserve’s policy responses. – vtmarketsmy.com

The Federal Reserve aims to reduce its balance sheet from $6.7 trillion to $5.8 trillion, favoring Treasury bills for gradual stability. This cautious approach impacts market liquidity and expectations. – vtmarketsmy.com

Simply Good Foods reported earnings of $0.51 per share, matching estimates, but shares fell 17% this year. Investors are concerned about margin pressures, making management’s commentary crucial for future performance. – vtmarketsmy.com

Long bond demand may surge as investors eye upcoming auctions near 5% yields. Economic fundamentals and attractive pricing signal potential strong interest in long-dated government debt amidst rising global market pressures. – vtmarketsmy.com