Live Updates

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

Morgan Stanley warns that expectations for a dovish Federal Reserve are too high. The minutes may reveal internal divisions on labor and inflation, risking market disappointment if assumptions of a September rate cut don’t materialize. – vtmarketsmy.com

Goldman Sachs forecasts major market movement from Fed Chair Powell’s speech at Jackson Hole, focusing on potential shifts toward flexible inflation targeting and insights from ECB and BOE leaders. – vtmarketsmy.com

The Nasdaq’s recent pullback reflects traders’ profit-taking ahead of Fed Chair Powell’s Jackson Hole speech. Market uncertainty grows with volatility, as economists anticipate significant movements depending on Powell’s tone and signals. – vtmarketsmy.com

The S&P 500 is pulling back ahead of Fed Chair Powell’s key speech, influenced by mixed economic data. Traders brace for potential rate changes, impacting market sentiment and stock movements. – vtmarketsmy.com

European trading stagnates as markets await catalysts, with the NZD declining post-RBNZ policy. Anticipation builds for Fed Chair Powell’s speech, likely to spark significant market volatility. – vtmarketsmy.com

Eurozone’s inflation holds steady at 2.0%, with core inflation at 2.4%. Traders should prepare for volatility as the ECB faces pressure from slowing growth, creating market opportunities for strategic positions. – vtmarketsmy.com

Bitcoin is at a critical support level of $111,900 as traders await Fed Chair Powell’s Jackson Hole speech. His hints on a potential rate cut could ignite a rally or lead to further declines. – vtmarketsmy.com