Live Updates

Ahead of the UK and Eurozone’s flash PMI data, monitor key resistance and support levels for GBP and EUR currency pairs. Volatility insights can guide effective trading strategies. – vtmarketsmy.com

Master trade management by securing profits and minimizing risks with strategic stop adjustments. Gold’s current dip reflects healthy consolidation post-rally. Stay disciplined and monitor crucial pivot levels for potential opportunities. – vtmarketsmy.com

The PBOC’s strong yuan midpoint of 7.1287 signals a defense against currency decline amidst economic concerns. Traders should consider options strategies to align with potential stability in USD/CNY. – vtmarketsmy.com

FanDuel and CME Group’s upcoming event contracts will allow $1 bets on financial metrics like the S&P 500, creating new market data. Expect retail sentiment insights, but watch for regulatory risks. – vtmarketsmy.com

Nomura predicts further USD weakness if Powell hints at a soft labor market during Jackson Hole. A potential September rate cut is expected; cautious positioning is advised ahead of key data releases. – vtmarketsmy.com

Japan’s manufacturing PMI rises to 49.9, indicating sector improvement, while services PMI slips to 52.7. The mixed signals suggest stable strategies for traders as the economy rebalances cautiously. – vtmarketsmy.com

The People’s Bank of China manages the yuan’s value, allowing it to fluctuate within a 2% range. Expect continued depreciation due to economic pressures, suggesting savvy hedging strategies are crucial for traders. – vtmarketsmy.com

Central banks diverge as Norway prepares to cut rates while Eurozone inflation persists. Traders eye EUR/NOK options, anticipating the euro strengthening against the krone amidst oil market challenges and U.S. fiscal woes. – vtmarketsmy.com

China, Pakistan, and Afghanistan are forging closer economic and security ties, aiming for regional stability and increased trade. This cooperation could impact market volatility and investment strategies, especially in commodities. – vtmarketsmy.com

Australia’s economic data shows unexpected strength, with the Flash Composite PMI hitting its highest since April 2022. This suggests a solid manufacturing and services sector, impacting the RBA’s interest rate outlook. – vtmarketsmy.com