Live Updates

The Bank of Korea maintains its 2.5% interest rate amid a bleak economic forecast, predicting slow GDP growth and inflation changes. Governor Rhee’s upcoming press conference may stir market volatility. – vtmarketsmy.com

Nvidia’s stock fell 3.2% due to concerns over China sales and a cautious Q3 outlook, despite a strong revenue forecast. Options trading strategies may capitalize on heightened market volatility. – vtmarketsmy.com

The People’s Bank of China controls the yuan’s value within a +/- 2% band, influencing its movements against the US dollar. Traders foresee gradual depreciation, calling for cautious investment strategies amidst potential economic shifts. – vtmarketsmy.com

Japan’s trade negotiator is likely canceling his US trip, raising uncertainty in economic discussions. With the USD/JPY nearing 147.50, potential currency intervention could impact trade strategies and investment plans. – vtmarketsmy.com

Bank of America sees potential buying opportunities in a forthcoming market pullback, fueled by rising volatility and robust dip-buying activity. Expect possible short-term declines, but lasting corrections are unlikely. – vtmarketsmy.com

UK service companies face declining confidence and activity due to high costs and weak demand. The Bank of England is cautious about inflation, impacting profits, employment, and market dynamics. – vtmarketsmy.com

The Swiss franc remains a strong safe-haven, likely stable despite potential negative rate cuts from the Swiss National Bank. Traders should consider strategies to capitalize on its resilience amidst global economic fears. – vtmarketsmy.com

US equity futures are declining, driven by Nvidia’s underwhelming earnings report. Increased volatility is expected, prompting traders to seek protection and reconsider strategies amid a shaky macroeconomic environment. – vtmarketsmy.com

Nvidia’s CEO sees China’s market as a $50 billion opportunity by 2025, driven by AI growth. However, U.S.-China trade tensions may lead to market volatility, presenting trading strategies for investors. – vtmarketsmy.com

India could achieve a 25% tariff cut by halting Russian oil purchases, aligning with U.S. strategies against Moscow. This shift may impact oil prices, currency strength, and create trading opportunities in Indian markets. – vtmarketsmy.com