Live Updates

US tariffs hinder the New Zealand dollar’s growth, with recent data showing a contraction in exports to the US. Traders should be cautious; NZD/USD may struggle to rise above key resistance. – vtmarketsmy.com

Bitcoin has surged above US$121,000, indicating strong market momentum and increased demand. Traders may explore futures and options strategies as the upward trend suggests potential for further gains and opportunities. – vtmarketsmy.com

Ethereum’s price surge is fueled by regulatory clarity, institutional interest, and technical upgrades. With growing use in stablecoins and DeFi, its value is poised for further gains, attracting strategic traders. – vtmarketsmy.com

Key market events loom on August 12: US-China tariff decisions and July’s CPI report. Traders anticipate volatility, balancing risks between potential trade setbacks and easing inflation as they brace for action. – vtmarketsmy.com

Governor Whitmer warned President Trump that his tariffs are harming Michigan’s auto industry. Despite her concerns, Trump showed no intention to change policy, indicating ongoing risks for investors in automakers. – vtmarketsmy.com

The People’s Bank of China sets a stronger yuan reference rate to combat depreciation, signaling focus on currency stability over exports. Traders face risks, with potential hedging strategies emerging amid market volatility. – vtmarketsmy.com

China’s CATL halts production at its lithium mine, raising temporary supply speculation amid oversupply concerns. While prices may fluctuate, long-term shortages seem unlikely. Traders should consider options strategies for potential volatility. – vtmarketsmy.com

China’s central bank manages the yuan’s daily midpoint, allowing fluctuations within a 2% band. Despite economic pressures and a strong US dollar, the PBOC aims for controlled currency stability. – vtmarketsmy.com

China’s economy faces persistent challenges as factory prices drop and consumer prices stagnate, signaling weak demand. This deflationary pressure raises concerns for global markets and trading partners, particularly in Australia. – vtmarketsmy.com

The Reserve Bank of Australia is expected to cut the cash rate, with a focus on Governor Bullock’s hawkish comments. Anticipate market reactions to rate guidance post-announcement. – vtmarketsmy.com