Newmont Mining (NEM) shows strong bullish momentum, poised for a breakout to new highs. With gold prices rising and favorable market conditions, upward movement above $29.03 is expected. – vtmarketsmy.com
Core Scientific Inc. is poised for significant growth in Bitcoin mining, targeting $24.40 to $31.90. Traders can use Elliott Wave patterns and call options to capitalize on this bullish trend. – vtmarketsmy.com
Canada’s Raw Material Price Index surged 1.7% in September amid economic uncertainties. Attention shifts to US inflation data and trade talks, influencing market volatility and opportunities for investors in currencies and commodities. – vtmarketsmy.com
Canada’s industrial product prices rose 0.8%, hinting at persistent inflation. The GBP/USD fluctuates as the US dollar strengthens, while gold prices dip amid trade concerns. Bitcoin’s outlook remains positive. – vtmarketsmy.com
The Pound Sterling struggles ahead of the crucial September CPI data, with expectations of core inflation rising to 3.7%. Traders anticipate potential GBP/USD volatility as the Bank of England’s policy hangs in the balance. – vtmarketsmy.com
China’s Q3 GDP growth slowed to 4.8%, driven by exports but hindered by falling consumption and investment. The economy faces deflationary pressures, affecting domestic demand and boosting concerns for future growth. – vtmarketsmy.com
Markets are shifting towards risk-averse strategies amid high valuations and geopolitical tensions. Traders should consider protective options, particularly in tech, while maintaining strong positions in gold and materials. – vtmarketsmy.com
The Canadian dollar is under pressure as markets anticipate a Bank of Canada rate cut amid rising unemployment. Energy market weakness and historical precedents suggest further USD/CAD gains ahead. – vtmarketsmy.com
The USD/CAD pair is influenced by easing US-China trade tensions and lower oil prices. With upcoming CPI data pivotal for monetary policy, traders anticipate volatility in both currencies. – vtmarketsmy.com
The Pound Sterling is under pressure ahead of key UK inflation data, with expectations for an increase. Traders anticipate volatility and potential Bank of England interest rate cuts based on upcoming reports. – vtmarketsmy.com
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