GBPUSD is testing the crucial 1.3463 resistance level after a recent rise. Traders should watch for a breakout to 1.3540, but prepare for pullbacks if resistance holds strong. – vtmarketsmy.com
The New Zealand Dollar faces resistance at 0.5980, with support at 0.5945. As momentum wanes, traders should consider strategies based on a potential range-bound movement between these levels. – vtmarketsmy.com
The Euro cools slightly but retains weekly gains, hovering between 1.16 and 1.17. Market shifts, upcoming US inflation data, and gold prices signal upcoming volatility. Opportunities await traders! – vtmarketsmy.com
The Australian Dollar is expected to trade within a tight range (0.6450-0.6555) due to weak momentum. Traders may find opportunities in options strategies to profit from this low volatility. – vtmarketsmy.com
The Bank of England signals a cautious approach to interest rate cuts amid rising inflation risks. With the GBP/USD stable, traders should brace for potential market shifts and rethink positions. – vtmarketsmy.com
The Trump administration plans to exempt gold bar imports from tariffs, impacting market volatility. Traders should prepare for price swings as gold remains supported by strong demand and inflation concerns. – vtmarketsmy.com
The Canadian Dollar gains strength after a surprise job increase of 45,000 in July, pushing USD/CAD lower. Traders should consider selling USD/CAD calls as volatility decreases. – vtmarketsmy.com
The Pound Sterling struggles against 1.3515 resistance, with a neutral outlook ahead. Traders should explore low volatility strategies, like an iron condor, as the market stabilizes amid external pressures. – vtmarketsmy.com
Oil rig counts slightly increased to 411, but overall rig numbers fell to 539. Prices remain below the moving average, indicating weak demand and a cautious market outlook. – vtmarketsmy.com
The USDJPY hovers near key moving averages, 147.90 and 146.78. With potential Fed rate cuts and Bank of Japan policy shifts, traders should watch for breakout opportunities in this uncertain market. – vtmarketsmy.com
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