Live Updates

Hedging costs for eurozone investors in U.S. assets are plunging, enhancing the appeal of EUR/USD. Anticipated Fed rate cuts may propel the pair towards 1.1700–1.1730. Grab this opportunity! – vtmarketsmy.com

USD/CAD is testing crucial support near 1.3920/1.3880, with potential downward moves looming. Key economic reports could trigger volatility, making this an essential time for traders to strategize effectively. – vtmarketsmy.com

Silver is gaining traction as industrial demand rises amidst favorable monetary policies and a weak dollar. Despite high prices, cautious strategies may protect against volatility while opportunities in the Gold/Silver ratio emerge. – vtmarketsmy.com

The British Pound has paused just below the 207.35 resistance against the Japanese Yen, forming a bullish ascending triangle. Market watchers anticipate a potential breakout, despite Japanese intervention risks. – vtmarketsmy.com

Switzerland’s foreign currency reserves increased to 727 billion francs, reflecting the Swiss National Bank’s management strategies amidst global volatility, signaling stable franc value and influencing traders to navigate safe derivatives. – vtmarketsmy.com

Austria’s wholesale prices rise, while US unemployment is expected to hit 7%. Weak labor data weakens the USD, making gold attractive. Market anticipates key inflation data to trigger volatility soon. – vtmarketsmy.com

Statistics Canada’s Labour Force Survey Friday may reveal rising unemployment at 7%, impacting the Canadian dollar. Meanwhile, Pi Network faces selling pressure, and cautious trading is prevalent in currency and gold markets. – vtmarketsmy.com

Canada’s unemployment rate rose to 7.1% in November, prompting market speculation of a Bank of Canada rate cut. Traders may find opportunities in USD/CAD and Canadian bond futures amid shifting policies. – vtmarketsmy.com

The Japanese Yen surges against a weakening US Dollar, driven by expectations of a Bank of Japan rate hike. Traders eye upcoming US inflation data to gauge further currency direction. – vtmarketsmy.com

The EUR/GBP is stable near 0.8735, as expectations of a UK rate cut and ECB rate stability may strengthen the Euro against a weakening Pound. Watch for December 18 central bank meetings! – vtmarketsmy.com