Live Updates

Silver prices soared over $53 per ounce, a 120% increase this year, driven by supply concerns and strong demand from India. Market volatility presents risks, but silver remains an attractive alternative to gold. – vtmarketsmy.com

The GBP/USD fell sharply to mid-1.3200s due to disappointing UK labor data, raising unemployment and increasing jobless claims, signaling potential interest rate cuts and pressuring the pound further. – vtmarketsmy.com

The USD/CNH is projected to trade within 7.1200 to 7.1550 soon, suggesting low volatility. Strategies like options selling are advantageous unless unexpected news disrupts stability. Monitor breakout levels closely. – vtmarketsmy.com

Gold prices hit a record $4,180 per ounce due to rising tensions in the US-China conflict, instigating demand for safe-haven assets. Traders are advised to leverage options for potential profits. – vtmarketsmy.com

Analysts predict the USD/JPY will trade between 151.85 and 152.75, with a broader range of 149.50 to 153.00. Strategies like selling options can capitalize on low volatility. – vtmarketsmy.com

EUR/USD struggles below 1.1560 amid rising US-China trade tensions. With bearish momentum and potential Fed rate cuts ahead, traders eye critical support levels and consider options strategies for volatility. – vtmarketsmy.com

Despite China’s manufacturing PMI staying below 50, strong industrial production growth signals a shift to high-end manufacturing. September’s PMI of 49.8 suggests expansion, presenting potential opportunities in commodities and equities. – vtmarketsmy.com

The British Pound hit a one-week low of 201.35 against the Yen, driven by a weaker job report and rising unemployment at 4.8%. Renewed US-China trade tensions add to the bearish outlook. – vtmarketsmy.com

The Pound Sterling weakened due to rising unemployment and slowing wage growth, sparking expectations for interest rate cuts by the Bank of England, while the US dollar remains strong amid solid job data. – vtmarketsmy.com

The AUD/USD pair fell over 1% to near 0.6440 due to new Chinese port fees impacting Australian exports. Upcoming employment data could influence further declines, amid a strong US Dollar and Fed’s potential rate cuts. – vtmarketsmy.com