Live Updates

European markets are cautious ahead of key US economic data and the Federal Reserve’s interest rate decision. Traders brace for volatility, eyeing options strategies to navigate potential market shifts. – vtmarketsmy.com

Gold prices are soaring amid dovish FOMC expectations, but strong labor data could spark volatility. Traders should strategize for potential price swings as the market awaits new economic signals. – vtmarketsmy.com

The ECB is unlikely to cut rates further, with some officials even suggesting hikes. Eurozone inflation remains above target, prompting a market shift. Traders should adapt strategies in this new environment. – vtmarketsmy.com

The German ZEW report is unlikely to impact the ECB, while Canadian inflation holds at 3.0%. US retail sales suggest slowing consumer activity. Traders await the Fed’s decision tomorrow. – vtmarketsmy.com

European and US equity futures show slight gains ahead of the Federal Reserve meeting, with retail sales data expected to influence markets. Traders prepare strategies for potential volatility in upcoming sessions. – vtmarketsmy.com

UK’s unemployment rate held steady at 4.7% in July; wage growth eased slightly. This signals an economic cooling, limiting the Bank of England’s rate hike options, while GBP struggles amid slow growth. – vtmarketsmy.com

France’s economic growth is positive but weak, prompting fiscal tightening. High debt and rising taxes may hinder growth, influencing European markets. Traders should consider options on French equities and the Euro. – vtmarketsmy.com

Andrew Hauser of the RBA stresses the importance of FX hedging as global market uncertainty rises. With Australian pension funds diversifying internationally, expect continued selling pressure on the Aussie dollar. – vtmarketsmy.com

Morgan Stanley anticipates a 25 basis point rate cut from the Fed, with a gradual easing approach expected. The focus will be on future cuts and Powell’s speech for market signals. – vtmarketsmy.com

The UK labour market is showing signs of cooling, with steady unemployment and easing wages. This poses a challenge for the Bank of England amid persistent inflation, keeping interest rates elevated. – vtmarketsmy.com