The USDCAD pair is under pressure after weaker US job data raised expectations for Federal Reserve rate cuts. Canadian resilience suggests potential downward movement, with traders cautious ahead of key economic reports. – vtmarketsmy.com
Super Micro Computer’s stock plummeted over 16% post-earnings, signaling potential troubles. With institutions selling and competition rising, patience and strategic trading are crucial for navigating this volatile situation. – vtmarketsmy.com
GBPUSD rebounds as softer NFP report spurs expectations for upcoming Fed and BoE rate cuts. Key resistance awaits at 1.3368, with volatility set to increase. Opportunities arise for nimble traders! – vtmarketsmy.com
June’s Eurozone retail sales rose 0.3%, slightly under expectations, amid mixed market signals. With inflation stubbornly high, volatility strategies like options could offer better opportunities for traders moving forward. – vtmarketsmy.com
UK construction faced its steepest decline since May 2020, with a PMI of 44.3. Companies are cutting costs amid low optimism, hinting at a downturn that impacts the economy and property market. – vtmarketsmy.com
The USDCHF pair declined after a disappointing jobs report, prompting new rate cut expectations. Market volatility is expected as traders await critical U.S. data and the Fed’s decisions ahead. – vtmarketsmy.com
Germany’s construction PMI rose to 46.3, indicating slight improvement amid a recession. Commercial building shows growth, but declining new orders and jobs hint at ongoing struggles. Short positions may benefit investors. – vtmarketsmy.com
Gold prices are rising due to weak job data and expectations of interest rate cuts. Upcoming US Jobless Claims and CPI reports could further influence the market, as traders eye potential breakout levels. – vtmarketsmy.com
Dip buyers are cautiously re-entering markets after a rocky August. Elevated volatility signals uncertainty, while traders eye inflation reports that could shift sentiment dramatically. Prepare for potential market swings! – vtmarketsmy.com
South Korea’s currency is under scrutiny as it negotiates with the US to exit the currency manipulation watchlist. Expect volatility in the won, presenting trading opportunities amid uncertain exchange rates. – vtmarketsmy.com
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