Live Updates

China’s new restrictions on importing high-value EU medical devices aim to retaliate against the EU’s exclusion of Chinese firms in government tenders, escalating trade tensions between the two regions. – vtmarketsmy.com

The People’s Bank of China is strategically managing the yuan’s strength while tightening liquidity. This proactive approach signals shifts in market dynamics and influences short-term currency volatility and trading strategies. – vtmarketsmy.com

OPEC+ raises oil output by 548,000 barrels daily, asserting market influence while accepting potential price drops. Analysts predict further increases in September. Watch inventory levels to gauge future price movements. – vtmarketsmy.com

China’s PBOC is setting the USD/CNY reference rate at 7.1626, allowing limited yuan fluctuation within a 2% band. This stability guides market expectations while reducing speculative risks. – vtmarketsmy.com

Analysts widely expect the Reserve Bank of Australia to cut rates, but high inflation and a tight labor market may lead to caution. Staying flexible in trading is crucial amid mixed signals. – vtmarketsmy.com

Japan faces economic challenges as real wages drop 2.9% despite rising consumer spending. Record pay gains lag behind, threatening corporate profits as potential U.S. tariffs loom, complicating the Bank of Japan’s policies. – vtmarketsmy.com

Tensions rise between Japan and the U.S. over potential tariffs, with talks underway ahead of a July 9 deadline. Traders brace for market shifts as negotiations intensify and uncertainty looms. – vtmarketsmy.com

Gabriel Makhlouf warns that the euro isn’t ready to rival the US dollar as the top reserve currency due to Europe’s economic fragmentation. He advocates for stronger fiscal unity to boost credibility. – vtmarketsmy.com

Chinese firms are rerouting exports through Southeast Asia to dodge US tariffs, causing a 43% plunge in direct shipments to the US, while overall exports surged by 4.8%. – vtmarketsmy.com

OPEC+ increased production by 548,000 barrels per day, causing oil prices to dip over 1%. Geopolitical risks and shipping disruptions add complexity to the energy market’s already uncertain landscape. – vtmarketsmy.com