The People’s Bank of China set a stronger yuan midpoint at 7.1409 against the dollar, signaling a move to prevent depreciation amidst economic concerns. Traders should reassess their USD/CNY positions. – vtmarketsmy.com
Ethereum futures flat at $3,588 signal bearish momentum, with key resistance at $3,615. Short positions favored; profit-taking targets set at $3,552 and $3,540. Caution advised for potential long trades. – vtmarketsmy.com
New Zealand’s labor market is cooling, with rising unemployment at 5.2%, boosting expectations for a Reserve Bank rate cut in August. Traders should prepare for potential currency volatility. – vtmarketsmy.com
Deutsche Bank predicts the Bank of England will cut rates while the European Central Bank will hold steady. This divergence could lead to a stronger euro against a weakening pound. – vtmarketsmy.com
HSBC predicts the Japanese yen may weaken due to U.S. monetary policy and domestic political uncertainties. Traders might consider call options on USD/JPY to profit from potential yen declines. – vtmarketsmy.com
The People’s Bank of China manages the yuan’s value, allowing it to fluctuate within a 2% band. Strategies focusing on gradual depreciation and low volatility are favorable amidst economic pressures. – vtmarketsmy.com
UBS forecasts the Australian dollar will rise to 0.70 against the US dollar by early 2026, driven by anticipated monetary policy differences between the Reserve Bank of Australia and the Federal Reserve. – vtmarketsmy.com
Micro 10-Year Yield Futures are trending downward, trading at 4.216%. Watch for breakout levels at 4.224% for bearish targets or above 4.230% for bullish prospects. Manage risk wisely! – vtmarketsmy.com
Japan’s June 2025 wage data shows nominal earnings rising but real wages falling for six months. This impacts consumer spending, complicating the Bank of Japan’s rate hike plans amid persistent inflation. – vtmarketsmy.com
BP’s Q2 profits of $2.35bn beat expectations despite a drop in cash flow. Shareholder returns rise with a $750m buyback. Uncertainty looms ahead of a crucial business review on September 1st. – vtmarketsmy.com
Insights 
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