**Gold Price Trends** Japan’s CFTC JPY net positions have dropped to ¥103.6K from ¥116.2K. This shift shows how market feelings change and could lead to new investment strategies. The EUR/USD pair has risen above 1.1650 because the 1-year Consumer Inflation Expectations fell as reported by the UoM Consumer Sentiment Index. A similar trend is seen in GBP/USD, which climbed above 1.3450 due to a weaker USD. Gold prices are on the upswing, staying over $3,350, thanks to a weaker USD and lower US Treasury yields. In cryptocurrency news, Bitcoin is nearing its all-time high of $123,218, Ethereum is targeting $4,000, and Ripple has set a new record at $3.66. China’s GDP for the second quarter grew by 5.2% year-on-year, beating expectations. However, there are worries about slow retail sales and falling property prices, which might indicate a cautious economic outlook. **Choosing the Best Forex Brokers** Picking the right forex brokers is critical for successful trading. Key features to look for include competitive spreads, quick execution, and robust trading platforms. With the net long positions in the Japanese Yen decreasing, there’s an opportunity to anticipate further weakness. Recent CFTC data from June 2024 shows a large net short position, indicating speculators are betting against the currency. We suggest buying USD/JPY call options to benefit from the growing interest rate gap between the US and Japan. The recent gains in EUR/USD and GBP/USD tie directly to how the US economy is perceived. The latest University of Michigan survey noted a drop in consumer sentiment to 65.6 in June 2024, but US inflation continues to be a major concern for the Federal Reserve. To prepare for a possible rebound in dollar strength after upcoming inflation reports, consider using collars on these currency pairs. We believe the upward trend in gold is strong, currently around $2,320 an ounce—not the previously mentioned figure. This rise is fueled by central bank purchases and ongoing geopolitical risks. Historically, gold does well when interest rates are cut, which we expect the Federal Reserve to begin within a year. The cryptocurrency market needs careful handling, as Bitcoin is trading near $64,000—unlike the figure previously stated. The recent approval of spot Ether ETFs has sparked optimism, with Ethereum now around $3,500. We recommend using options strategies like straddles to trade the volatility expected from future regulatory changes and economic events. China is sending mixed economic signals, highlighting a significant risk we should hedge against. Though the GDP grew by 5.3% in the first quarter, the continuing property crisis and weak consumer demand, shown by slowing retail sales growth, raise major concerns. We advise buying put options on China-focused ETFs to protect portfolios from a possible downturn. Create your live VT Markets account and start trading now.

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