Live Updates

GBPUSD declines as traders brace for the Jackson Hole event, amid hawkish Fed expectations and high UK inflation. Key levels to watch are 1.3368 support and 1.3590 resistance. – vtmarketsmy.com

The dollar holds steady ahead of Powell’s pivotal speech at Jackson Hole, while European markets await direction. With low volatility, traders eye potential market swings amid mixed currency shifts. – vtmarketsmy.com

Markets anticipate a potential 50 basis points rate cut in September as Fed officials debate labor market strength versus economic slowdown. Key jobs data will significantly influence this decision on interest rates. – vtmarketsmy.com

UK economic data reveals surprising growth, with services driving activity. However, weak manufacturing and rising inflation raise concerns about sustainability, impacting interest rate forecasts and currency stability. – vtmarketsmy.com

Eurozone’s mixed economic data shows manufacturing hitting a 38-month high, while services lagged slightly. Anticipate potential trading strategies amidst rising price pressures and fluctuating foreign demand affecting the euro. – vtmarketsmy.com

PMI data reveals economic resilience in France and Germany, supporting the ECB’s decision to pause interest rates. However, rising inflationary pressures may keep the bank cautious for future cuts. – vtmarketsmy.com

Germany’s manufacturing PMI surprises with growth, while services face rising costs. This resilient economy may delay interest rate cuts, offering opportunities in industrial sectors despite market volatility. – vtmarketsmy.com

France’s latest PMI data shows slight improvements, yet demand struggles continue. Employment rises, but future output looks weak; traders should consider cautious strategies amid uncertainty in the Eurozone economy. – vtmarketsmy.com

Gold prices are stuck in a narrow range as anticipation builds for Fed Chair Powell’s speech at Jackson Hole, with economic data causing uncertainty about interest rates and potential market movements. – vtmarketsmy.com

European stocks show minimal movement as markets await the Jackson Hole Symposium. Traders should prepare for potential volatility spikes, particularly in tech, amidst contrasting U.S. and Eurozone economic data. – vtmarketsmy.com