Live Updates

The People’s Bank of China adjusted the USD/CNY rate to support the yuan amid economic challenges. Traders should note the central bank’s intervention strategy, indicating a strong defense against depreciation pressures. – vtmarketsmy.com

EUR/USD remains above 1.1600, buoyed by easing French political tensions, while trade war fears loom as President Trump proposes 100% tariffs on China. Economic indicators will influence future trends. – vtmarketsmy.com

China’s August trade data is set to influence global markets, especially the AUD. A stronger trade balance could boost the Australian dollar, while a weaker report might signal economic concerns. – vtmarketsmy.com

USD/CAD remains weak near 1.4000 as recovering oil prices bolster the Loonie, while subdued USD demand persists. Traders anticipate further declines, focusing on Canadian economic stability and upcoming interest rate decisions. – vtmarketsmy.com

Gold prices reach around $4,040 as US-China trade tensions escalate. Traders eye upcoming economic data, anticipating Fed rate cuts that could further drive gold’s appeal as a safe-haven asset. – vtmarketsmy.com

USD/JPY hovers around 152.05 amidst trade tensions and potential rate decisions from Japan. Volatile conditions create opportunities for traders, with strategies like straddles and bear call spreads proving viable. – vtmarketsmy.com

New Zealand’s service sector shows slight improvement, but global markets react negatively to new U.S. tariffs on China, with rising volatility, falling equities, surging gold, and weakening oil prices. – vtmarketsmy.com

Trump’s new 100% tariff on Chinese goods could trigger market volatility and economic disruption. Traders should prepare for price swings, especially in tech sectors reliant on Chinese supply chains. – vtmarketsmy.com

The EUR/USD pair rose above 1.1600 due to a weakening US Dollar amidst trade tensions. Political stability in France helps, but economic challenges remain, influencing future currency movements. – vtmarketsmy.com

The Dow plunged over 1,000 points amid heightened trade tensions as the US President enacted new tariffs on China. Investors shift to safer assets like gold as market volatility escalates. – vtmarketsmy.com