Live Updates

China plans to nearly double its energy storage capacity to 180 GW by 2027, investing $35 billion, boosting demand for lithium and benefiting companies like BYD and CATL. Traders should consider options. – vtmarketsmy.com

Switzerland is strategizing to combat U.S. tariffs on its exports, focusing on boosting U.S. investments in gold refining and pharmaceuticals, which could reshape trade dynamics and stabilize markets. – vtmarketsmy.com

Japan is slashing the Russian oil price cap to $47.6, heightening market volatility and potentially driving crude prices up. Traders should prepare for rapid market shifts and position their investments wisely. – vtmarketsmy.com

The People’s Bank of China aims to stabilize the yuan by setting a stronger daily midpoint against the US dollar, amidst ongoing economic pressures. Traders may find potential in selling USD/CNY call spreads. – vtmarketsmy.com

US job growth has sharply slowed, adding just 22,000 positions in August. With downward revisions raising concerns about employment strength, inflation remains high, creating market volatility. Strategies like options trading may help mitigate risks. – vtmarketsmy.com

US and Japan finance ministers reaffirm G7 currency commitments, emphasizing market-driven exchange rates. Traders should navigate rising volatility cautiously, as unexpected policy changes could trigger sharp market shifts. – vtmarketsmy.com

The People’s Bank of China’s managed floating exchange rate system allows the yuan to fluctuate within a +/- 2% range. This strategy aims to stabilize the currency while supporting the economy. – vtmarketsmy.com

Japan and the US reaffirmed their pledge against manipulating foreign exchange rates, emphasizing market-driven valuations. This agreement aims for transparency, while macroeconomic factors will dictate USD/JPY movements, impacting derivative trading strategies. – vtmarketsmy.com

Lloyd Blankfein warns of a looming U.S. economic crisis due to vulnerabilities in credit markets, while maintaining optimism in equities fueled by AI growth. Defensive strategies are also in play for investors. – vtmarketsmy.com

Mexico’s 50% tariffs on Chinese cars upset China, risking $52 billion in trade. This could weaken the Peso, impact Chinese EV shares, and create market uncertainty, prompting protective trading strategies. – vtmarketsmy.com