Live Updates

Oil inventory data hints at a crude drawdown, with prices at $62.54 per barrel. A larger draw could trigger a price spike, but economic concerns cast uncertainty on future trends. – vtmarketsmy.com

Gold prices rebounded to $3341.76 after hitting a low of $3311.62. Staying above the key 100-day moving average is crucial, while stock indices like NASDAQ and S&P face downward pressure. – vtmarketsmy.com

The NASDAQ and S&P indices are facing significant declines, highlighting market instability. With key moving averages breaking down, traders are eyeing potential deeper corrections as volatility increases. Stay cautious! – vtmarketsmy.com

The US dollar is weakening amid mortgage fraud allegations against a Fed member, raising speculation about new appointments. This turmoil offers trading opportunities in EUR/USD, USD/CHF, and USD/CAD markets. – vtmarketsmy.com

Trump pressures Fed Chair Cook to resign amid mortgage fraud allegations, triggering political turmoil and market volatility. Traders react, betting on rate cuts and hedging against a potential dollar weakness. – vtmarketsmy.com

Canada’s New Housing Price Index fell 0.1% in July, indicating market stabilization amidst high inflation. Traders should adopt a neutral stance on the CAD, focusing on selling volatility instead of betting on direction. – vtmarketsmy.com

David Zervos warns that the Fed’s policies may be too restrictive amidst high inflation, hinting at possible leadership changes. Traders should prepare for market volatility and consider hedging strategies accordingly. – vtmarketsmy.com

The USD remains stable ahead of Fed Chair Powell’s speech, while UK inflation rises unexpectedly. NZDUSD declines after a RBNZ rate cut, pointing towards potential trading strategies in volatile markets. – vtmarketsmy.com

UK inflation surprises with a 5.0% rise, testing the Bank of England’s recent rate cut. Futures traders weigh Powell’s upcoming speech, which could influence market sentiment and asset positioning. – vtmarketsmy.com

Mortgage applications fell 1.4% as refinancing dropped. Purchase demand remains steady, with rates slightly rising. Traders should consider prudent strategies ahead of the Fed’s decisions. Resilience prevails despite market fluctuations. – vtmarketsmy.com