Live Updates

The US dollar is facing pressure following soft labor data and market volatility, with an 89% chance of a Federal Reserve rate cut. September’s crucial reports could shape its future direction. – vtmarketsmy.com

US oil rig count rises to 412 amid increasing prices, but signs of market weakness suggest potential oversupply. Traders might consider bearish strategies as prices likely decline this fall. – vtmarketsmy.com

Inflation rates show mixed signals: July’s PCE dropped to 1.9%, sparking market excitement, yet six and twelve-month rates remain stubbornly high. The Fed’s cautious stance continues as jobs report looms. – vtmarketsmy.com

Gold is testing resistance at $3,450, but a breakout seems unlikely. Upcoming US labor data will influence its trajectory, as strong results could push gold down while weak data may fuel further gains. – vtmarketsmy.com

The Atlanta Fed’s GDPNow model now projects Q3 2025 US GDP growth at 3.5%, up from 2.2%, due to stronger consumer spending and improved net exports. Higher rates and market volatility may follow. – vtmarketsmy.com

Next week’s ADP report is crucial for market strategies, with heightened volatility expected. A weak result could spark bets on Fed rate cuts, while a strong number may reverse positions. – vtmarketsmy.com

Nvidia’s stock drop, spurred by Alibaba’s AI chip news, is affecting the S&P 500 and Nasdaq. Traders see immediate opportunities for hedging while anticipating significant impacts from upcoming U.S. labor market data. – vtmarketsmy.com

Consumer sentiment in August dropped to 58.2, down from 61.7, indicating increased caution among households. Inflation expectations are slightly lower, suggesting a less aggressive Fed may boost interest-rate-sensitive assets. – vtmarketsmy.com

NVIDIA struggles post-earnings, attracting capital shifts toward the robust S&P 500 (SPY). While SPY shows resilience, traders may explore options strategies to hedge against NVIDIA’s weakness. – vtmarketsmy.com

Canada’s GDP fell 0.1% in June and 1.6% in Q2, signaling a technical recession. The Canadian dollar weakens as expectations grow for interest rate cuts, prompting traders to adjust strategies. – vtmarketsmy.com