In July, the US service sector showed slow growth, impacting forex rates and gold prices. Traders face risks; strategies like selling options and buying calls could capitalize on market shifts. – vtmarketsmy.com
The US services sector shows signs of slowing, with the ISM index at 50.3. Meanwhile, the EUR/USD holds firm at 1.1400, and gold prices continue to rise. – vtmarketsmy.com
The ISM Services Employment Index dropped to 46.4, signaling a cooling U.S. labor market. This trend heightens the risk of recession, prompting traders to adopt defensive positions in equity markets. – vtmarketsmy.com
Bank of America predicts a steady US economy growth of 1.5% this year, despite market speculation of imminent rate cuts. Inflation and job growth suggest the Fed will maintain rates longer. – vtmarketsmy.com
Crude oil futures dipped to $65.16, reflecting market fluctuations and concerns over economic demand. Traders eye hurricane risks and OPEC+ actions amidst volatile signals, impacting diverse sectors. – vtmarketsmy.com
The US economy shows strength with a July PMI of 55.1, while the dollar weakens, boosting EUR/USD to 1.1600. Meanwhile, gold rises to $3,380, and DeFi gains traction. – vtmarketsmy.com
The US services sector shows strong growth at 55.7, suggesting slower Fed rate cuts. The weakening dollar boosts EUR/USD momentum, while DeFi thrives with rising interest and capital shifts. – vtmarketsmy.com
Citi raises its gold price target to $3,500/oz amid rising inflation and labor market concerns, predicting upward momentum as gold becomes a preferred hedge against economic instability and geopolitical uncertainty. – vtmarketsmy.com
US retail sales surge, driving the Redbook Index to 6.5%. The euro andGBP climb amid a weakening dollar, while gold stabilizes near $3,400. Capital shifts to Ethereum in the crypto market. – vtmarketsmy.com
The Euro weakens against the Pound, falling below 0.8700, as disappointing Eurozone PMI data contrasts with better UK figures. Traders anticipate further declines in the EUR/GBP pair amid diverging economic signals. – vtmarketsmy.com
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