China’s retail sales increased by 2.9% in October compared to last year, beating the expected 2.7% rise. This indicates a positive trend in consumer spending. At the same time, the USD/INR exchange rate fell as the US dollar weakened ahead of upcoming economic reports. The EUR/GBP climbed above 0.8850 due to worries about the UK’s financial health and poor GDP data.

Euro and Commodity Developments

The EUR/CAD pair approached 1.6250 as the European Central Bank signaled a careful stance on interest rates. Meanwhile, the Australian dollar strengthened while the US dollar declined due to concerns over upcoming data releases. Silver prices also rose, with XAG/USD moving above 52.50 amid uncertainty around US economic data. The Japanese yen gained against the weakening USD, though its potential for further gains is limited. Bitcoin, Ethereum, and Ripple saw significant drops, losing over 5%, 10%, and 2%, respectively, throughout the week. Bitcoin fell below $100,000, reflecting the current bearish market trends.

Market Risk and Strategic Outlook

The markets are showing a risk-off attitude, influencing our strategy for the upcoming weeks. Gold has climbed back above $4,200 an ounce, while speculative assets like Bitcoin have fallen below the critical $100,000 support. This trend suggests that traders are looking to lower their risk as the year comes to a close. The US dollar is weakening due to recent economic concerns, impacted by October’s disappointing jobs report and a slight cooling in inflation data (CPI). The market is now less likely to expect a Federal Reserve rate cut in December, with futures indicating only a 35% chance, down from over 60% last month. This situation creates uncertainty, suggesting we might use options to leverage volatility in pairs like EUR/USD, which is currently trading below its 50-day moving average. China’s better-than-expected retail sales growth of 2.9% offers a glimmer of hope for global growth. This small improvement from the sluggish third quarter of 2025 might support commodity-linked currencies. We see potential in pairing the Australian dollar against currencies facing domestic challenges, such as the British Pound. With the UK government recently deciding to halt tax increases, fiscal uncertainty is heavily impacting the Pound Sterling. We should expect further weakness in pairs like GBP/USD as markets question the country’s financial discipline. This makes buying GBP puts or taking short positions an appealing strategy through the end of November. Create your live VT Markets account and start trading now.

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China’s fixed asset investment fell by 1.7% year-on-year (YoY) in October, which is worse than the expected decrease of 0.8%. This shows a decline since the start of the year, contradicting earlier predictions.

Currency Market Dynamics

The US dollar is weakening against several currencies. The USD/INR dropped as US economic data approaches. The EUR/GBP surpassed 0.8850 due to concerns about the UK’s fiscal situation and poor GDP figures. Similarly, the EUR/CAD approached 1.6250 after the European Central Bank (ECB) signaled a careful approach to interest rates, and the Australian dollar regained strength against a weak US dollar. Precious metals and cryptocurrencies also saw fluctuations. Gold rose to $4,200, influenced by a weaker US dollar and a shift towards safer investments. In contrast, Bitcoin, Ethereum, and Ripple experienced significant declines during a broader market downturn. Meanwhile, Solana’s price fell to its lowest in five months, affected by reduced investor confidence and ETF inflows. The Bank of Japan is under watch for potential interest rate increases, as rates remain at 0.5%. Investors are closely observing Governor Ueda’s actions amid growing economic pressures. China’s recent fixed asset investment figures have cast a shadow over the markets. At -1.7% for the year through October, it significantly misses the predicted -0.8%, confirming the slowdown in Chinese industrial production that has struggled to show consistent growth this year.

Impact on Commodities and Currencies

This data poses a challenge for industrial commodities that depend heavily on Chinese construction and manufacturing. We are already seeing price effects, with iron ore futures falling nearly 5% last week, reaching their lowest since the recent recovery in mid-2025. This suggests that strategies like buying puts on commodity-linked ETFs or shorting futures could be profitable. The Australian dollar is particularly at risk given its strong ties to China. After the news, the AUD/USD pair sharply declined, breaking the crucial 0.6350 support level that had held since late October 2025. Buying AUD/USD put options may be a good opportunity as we expect further declines in the coming weeks. This ongoing weakness in China adds to the global risk-off sentiment. The S&P 500 is already struggling to stay above the 5,100 level, and this news might lead to a larger sell-off. Protective puts on major indices like the SPX look increasingly attractive as a hedge. In this climate, we anticipate that funds will flow into traditional safe havens like gold and the Japanese Yen. Gold surpassing $4,200 an ounce signals this movement towards safety. Additionally, the USD/JPY may break its recent support as traders expect the Bank of Japan to act on interest rates before the US Federal Reserve. Overall uncertainty is fostering conditions for increased market volatility. The VIX index has been rising from the low teens and now sits around 21, suggesting more upward movement ahead. Therefore, strategies that benefit from greater market swings, such as VIX call options, should be taken into account. Create your live VT Markets account and start trading now.

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The China House Price Index held steady at -2.2% in October, showing ongoing declines in the housing market. This steady drop in prices reflects the ongoing struggles within real estate, caused by weak demand linked to economic uncertainties and regulatory challenges. Even with government efforts to stabilize this market, the absence of significant price changes suggests these measures are not very effective. In other financial news, the Australian Dollar rose while the US Dollar faced difficulties amid concerns about data releases. Silver prices climbed above $52.50, responding to uncertainties surrounding US data. The Japanese Yen saw a slight increase against the weakening US Dollar. The USD/CHF pair stayed around 0.7920, even as traders lowered their dovish expectations regarding the Federal Reserve.

Gold And Currency Movements

Gold gained, reaching $4,200, boosted by a weak US Dollar and increased demand driven by a risk-averse mood. The EUR/USD remained stable below the mid-1.1600s, waiting for a potential move above the 50-day SMA as the USD softened. Meanwhile, the GBP/USD fell to near 1.3150 after the UK government decided to scrap its tax-raising plans. Cryptocurrencies like Bitcoin, Ethereum, and Ripple are under deeper pressure as market sell-offs continue. With China’s house price index at -2.2%, we see confirmation of a prolonged slump in property that has persisted throughout 2025. This ongoing weakness is also visible in China’s Q3 industrial output, which fell short of expectations, hinting at a continued decline in industrial commodity demand. Derivative traders should be aware that any asset rallies linked to Chinese growth may be weak. The market is quickly moving away from the US Dollar, reflecting growing uncertainty over US economic data. This trend was evident after the last Non-Farm Payroll report on November 7, 2025, which came out disappointing, pushing gold above $4,200 an ounce. This scenario suggests that taking long positions in gold and silver through futures or call options could serve as a hedge against a weakening USD and overall risk-off sentiment.

Risk Management Strategies

The risk-averse atmosphere is also favoring traditional safe-haven currencies like the Japanese Yen and Swiss Franc. The difficulty of the USD/CHF pair to stay above 0.7920 emphasizes this trend, ongoing since global growth concerns emerged in late 2024. We expect traders to continue favoring puts on USD currency pairs against the Yen and Franc. Caution is needed with the Australian Dollar, as its current strength against the US Dollar stems from USD weakness rather than strong fundamentals. The negative news from Chinese housing data poses a significant challenge for the AUD in the medium term. This situation complicates trading the AUD/JPY cross, as it contrasts a weak fundamental story with short-term currency flows. The risk aversion is evident in the drop of more speculative assets like cryptocurrencies. Solana recently fell to a five-month low, and data shows that inflows into crypto ETFs have stalled in early November 2025. This reinforces the notion that capital is shifting towards safety, signaling a classic risk-off environment similar to patterns seen during market uncertainty in 2023. In this climate, derivative strategies should focus on managing downside risk and benefiting from volatility. We believe that buying put options on major equity indices affected by global growth, while simultaneously holding call options on safe-haven assets like gold, offers a balanced approach. This allows for protection against further economic decline while keeping exposure to the flight-to-safety trend. Create your live VT Markets account and start trading now.

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The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.0825 for today’s trading session. This is an improvement from yesterday’s rate of 7.0865 and lower than Reuters’ estimate of 7.0964.

PBOC’s Goals

The PBOC aims to keep prices stable, which includes maintaining a stable exchange rate, while also supporting economic growth. It is not fully independent; it is owned by the People’s Republic of China and heavily influenced by the Chinese Communist Party. The PBOC uses various policy tools, such as the seven-day Reverse Repo Rate, Medium-term Lending Facility, foreign exchange interventions, and the Reserve Requirement Ratio. The Loan Prime Rate sets the benchmark interest rate in China, affecting loans, mortgages, and savings. China allows private banks to operate, with 19 currently in business, plus major digital banks like WeBank and MYbank. These private banks form a small part of the financial system, which is mainly made up of state-owned institutions. Private banks were permitted in 2014 when China opened the financial sector to domestic lenders backed by private capital. The strong Yuan rate of 7.0825 shows that the PBOC is trying to counteract recent downward pressure on the currency. This suggests that the PBOC wants to stabilize the Yuan and prevent it from dropping below important psychological levels. We have seen this kind of action before when domestic data falls short of expectations. The latest figures for October 2025 showed industrial output at only 4.1%, which was again disappointing. Additionally, the property sector continues to struggle, with new home prices falling for the 16th month in a row. A stable Yuan is essential to avoid capital outflows and maintain confidence during this delicate recovery phase.

Market Implications

For derivative traders, the strong defense of the 7.10 level makes short-selling USD/CNY call options an appealing strategy. The PBOC’s actions suggest a ceiling on the currency’s upside in the near future, which may reduce implied volatility. This creates a challenge for policymakers because significant interest rate cuts aimed at boosting the economy could put more pressure on the Yuan. This policy approach also responds to the large interest rate gap between China and the US, as the Federal Reserve has kept its rate above 4.5% throughout 2025. Looking back at 2022-2023, the hawkish stance of the Fed pushed USD/CNY above 7.30, despite PBOC’s efforts. Therefore, although we can expect continued strong fixings, traders should be alert to any signs that the central bank might be losing control against these strong external pressures. Create your live VT Markets account and start trading now.

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Japan’s Economics Minister Minoru Kiuchi mentioned that a weak Yen could increase the Consumer Price Index (CPI) due to higher import costs. Japan’s Finance Minister Satsuki Katayama also confirmed that the upcoming economic stimulus aligns with Prime Minister Sanae Takaichi’s active fiscal plan. The USD/JPY exchange rate rose by 0.04%, now trading at 154.60. The value of the Japanese Yen is heavily influenced by the Bank of Japan’s policies, differences in bond yields, and trader sentiment.

Role Of The Bank Of Japan

The Bank of Japan is crucial in determining the Yen’s value, partly through currency interventions. From 2013 to 2024, its very loose monetary policy contributed to the Yen losing value against other currencies. Differences in bond yields between Japan and the US have historically impacted the Yen. The Bank of Japan’s shift away from its loose policy, along with interest rate cuts from other major banks, has started to narrow the yield differences. The Japanese Yen is known as a safe-haven currency. In unstable market conditions, it is often preferred for its stability, which might lead to a stronger Yen compared to riskier currencies. Given the Yen’s weakness, comments about rising import costs are reflected in the data. The latest national Consumer Price Index (CPI) for October 2025 showed a 3.1% increase compared to last year, remaining stubbornly above the Bank of Japan’s 2% target. This situation puts the central bank in a tough spot as it considers tightening policies.

Exchange Rate Considerations

The USD/JPY exchange rate at 154.60 is an important level that traders should watch closely. Recall that Japanese authorities stepped in to strengthen the Yen when it dropped below 152 in April 2024. The possibility of another sudden intervention to support the currency is now quite high. This weakness stems mainly from the significant difference in interest rates between Japan and other major economies. While the Bank of Japan has slowly raised its policy rate to 0.10%, the US Federal Reserve’s key rate remains much higher at 4.5%. This encourages traders to sell Yen and buy dollars, which has been the main factor weakening the Yen since the monetary policies diverged sharply in 2022. We are currently seeing a clash between the government, which is planning more fiscal stimulus, and the central bank, which is focused on controlling inflation. This conflict between spending and tightening is likely to increase currency volatility in the coming weeks. Traders using derivatives should be ready for larger price fluctuations, making strategies like buying straddles or strangles potentially profitable for capturing significant movements. Moreover, the Yen’s status as a safe-haven asset seems to be waning. During smaller global equity market downturns, such as in October 2025, the Yen did not strengthen as it typically would. The currency’s movement is now driven more by interest rate expectations than by overall market risk. Create your live VT Markets account and start trading now.

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Gold prices rose to around $4,185 when trading started in Asia on Friday. This increase comes as people expect the reopening of the US government to bring back economic data and support the idea of further interest rate cuts in the US. The US government shutdown ended once a funding bill was passed. With economic reports back on track, many believe that signs of weakness in the job market could weaken the US Dollar. There is cautious hope, though, as some Federal Reserve officials appear to prefer keeping interest rates steady.

Gold As A Safe Haven Asset

Current market predictions show a 51% chance of a rate cut in December, down from 62.9% earlier. Gold has always been a reliable safe-haven asset, known for its stability during uncertain times, and acts as a hedge against inflation and currency decline. Central banks, especially in emerging markets, are boosting their gold reserves to strengthen their economies. This trend helped add 1,136 tonnes of gold, worth $70 billion, in 2022, making it the largest purchase in history. Gold’s value and price are often tied to the strength of the US Dollar, typically moving in the opposite direction of the Dollar and shifting significantly with changes in global politics or fears of a recession. With gold near $4,185, the market is bracing for interest rate cuts after the US government reopened. The main assumption is that the delayed economic data will confirm a slowdown, compelling the Fed to act. This outlook has driven gold’s price higher. The latest report on October jobs was released, showing the economy added just 45,000 jobs—significantly below expectations. This weak data supports the case for a December rate cut, indicating the shutdown impacted the labor market. In response, the US Dollar weakened, with the DXY index dropping below 99, further benefiting gold.

Inflation Versus Interest Rates

Despite this, Fed officials are still cautious. Recent inflation data from October 2025 indicates that core CPI is at 3.7%, well over the 2% target. This creates a challenge for the Fed as they balance a weakening job market with ongoing inflation. The likelihood of a December rate cut, monitored by the CME FedWatch Tool, now stands at a tense 51%, reflecting significant uncertainty. For traders dealing in derivatives, the clash between weak growth data and cautious remarks from the Fed signals potential for high price volatility. Buying options, such as straddles on gold futures or related ETFs, may be a wise strategy to take advantage of significant price changes, which seem more probable than a period of stability. It’s important to note the solid support from central banks, which acts as a potential safeguard for gold prices. After record purchases in 2022 and 2023, data from the first three quarters of 2025 shows that central banks in emerging markets are continuing to diversify into gold. This long-term demand is a stabilizing factor against future sell-offs. Considering gold’s rise from under $3,000 in early 2024 to current levels, a lot of positive news might already be reflected in the price. The latest Commitment of Traders report indicates that speculative long positions are at multi-year highs. This suggests a crowded trade that could reverse quickly if upcoming data does not fully support the rate-cut expectation. Create your live VT Markets account and start trading now.

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GBP/USD faced challenges on Thursday as bulls struggled despite hopes for a rebound. Reports suggested that UK Prime Minister Keir Starmer might cancel planned tax increases, which could affect the UK’s financial situation. The US government is set to reopen temporarily, and markets expect to see economic data releases resume. The lack of October inflation and employment figures may worry traders looking for a possible Federal Reserve rate cut on December 10.

Role of Economic Indicators

Even though October data is missing, the September Nonfarm Payrolls report might affect the Fed’s decision. Markets are pricing in nearly a 50% chance of a rate cut in December. There’s a 90% likelihood that the next cut will wait until January 2026. The Pound Sterling, the world’s oldest currency, plays an important role in foreign exchange. Its value is influenced by the Bank of England’s monetary policy decisions, especially regarding interest rates. Changes in rates impact how attractive GBP is for global investors. Economic indicators like GDP and employment levels affect the Pound’s value. Strong data may lead the BoE to raise rates, strengthening Sterling. Conversely, weak data usually causes the GBP to drop. The Trade Balance also affects the Pound, with a positive balance boosting the currency.

Challenges for GBP/USD

The British Pound is struggling, as bulls are unable to push GBP/USD higher. Weak economic growth and uncertainty about the government’s fiscal plans are significant challenges. PM Starmer’s goal to cancel planned tax increases is shaking investor confidence in the UK’s financial stability. Recent economic figures show this difficulty, with the final third-quarter GDP numbers confirming a slight contraction of 0.1%. Additionally, October 2025 inflation data stood at a stubborn 3.5%, much higher than the Bank of England’s 2% target. This stagflation makes it tough for traders to support the Pound. On the US dollar side, the outlook is unclear due to the recent temporary government shutdown. The possibility of missing October’s key inflation and jobs data leaves the Federal Reserve with less information ahead of its December 10 meeting. This uncertainty means that the delayed September jobs report, set to be released next week, will be critical for the market. Given the unpredictability of both currencies, derivative traders should brace for increased volatility. Options strategies that can benefit from a large price move, regardless of direction, seem wiser than betting on a consistent trend for GBP/USD. The pair may see sharp swings driven by upcoming US data and further updates on UK fiscal policy. We recall how the UK bond markets and the Pound reacted negatively to unfunded fiscal plans in the autumn of 2022, when Cable crashed to record lows. Even though the current government’s plans differ, the perception of increased fiscal looseness makes investors uneasy. This history likely contributes to the current weakness in Sterling and traders’ hesitation to invest in the currency. Create your live VT Markets account and start trading now.

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The Trump administration is getting ready to implement exemptions on tariffs for certain goods to help lower high food prices that worry American shoppers. Some potential goods for exemption include beef and citrus products, but a final decision is still pending. In the meantime, the US Dollar Index (DXY) has dropped by 0.23%, now at 99.25. Tariffs help local producers by giving them a pricing edge over imported items.

Difference Between Tariffs and Taxes

Tariffs are prepaid when goods enter the country, while taxes are paid at the time of purchase and apply to both people and businesses. Opinions among economists are split; some favor tariffs for protecting local businesses, while others see them as harmful, leading to higher prices and trade conflicts. President Donald Trump intends to use tariffs to strengthen the US economy and support American producers. In 2024, Mexico, China, and Canada accounted for 42% of US imports, with Mexico at the forefront at $466.6 billion. Trump plans to focus on these countries for tariffs and hopes to use the revenue to lower personal income taxes. As the administration considers tariff exemptions on beef and citrus, we are entering a time of uncertainty in policy. This response is to the rising food prices, with the latest Consumer Price Index data from October 2025 showing food prices at home have increased by 6.8% from a year earlier. Traders should see this as a practical change rather than a complete policy reversal, especially if inflation continues. For those dealing in commodities, this news could negatively impact agricultural futures. Live cattle futures on the CME, already at high levels, might drop significantly if cheap beef imports are allowed back in. Traders should be alert for chances to sell these commodities short or use options to bet on price declines.

Impact on Currency and Stock Markets

In the currency markets, the US Dollar could weaken due to this news. Protectionist tariff policies typically support the dollar, so any indication of exemptions may cause it to drop, particularly against major food exporter currencies like the Mexican Peso. A similar pattern occurred during the 2018-2019 trade disputes, where changes in policy led to short-term market fluctuations. This possible policy shift may result in both winners and losers in the stock market. Companies that purchase large amounts of beef and citrus, such as restaurant chains and food processors, might see their costs decrease, leading to higher stock prices. However, local producers who have benefited from tariffs may encounter more competition and a dip in share prices. In the coming weeks, the key factor will be the uncertainty regarding when and how the final decision will unfold. This uncertainty suggests that implied volatility in related sectors is likely to rise. Therefore, strategies that take advantage of larger price movements, such as buying options on agricultural ETFs, could be a smart way to manage the situation. Create your live VT Markets account and start trading now.

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The market is experiencing challenges as tech stocks face a steep decline. This downturn is mainly due to cautious trading ahead of Nvidia’s earnings report on November 19. Investors are stepping back to manage risk amidst lower liquidity and uncertainty. Hedge funds are shifting investments from AI stocks to healthcare, and Alibaba’s announcement of a revamped AI model has added to the market’s worries. Tech stocks are already feeling pressure from valuation concerns, further intensified by a disappointing report from Japan’s Kioxia, which caused semiconductor stocks to fall and worsened the overall market decline. Although the retail sector attempted to take advantage of the dip, the overall mood remains cautious. Many are focused on the Federal Reserve’s upcoming decisions, with the possibility of rate cuts in December looking less certain, which could influence the broader market.

Concerns Around Liquidity

Worries about year-end liquidity and funding are increasing. The market is also paying attention to the Federal Reserve’s approach to managing reserves, including potential “Reserve Management Purchases” to help stabilize the financial system as the repo market faces pressures. Additionally, Alibaba’s efforts to compete with ChatGPT in the AI space could change the competitive landscape in global AI. Given the recent downturn, Nvidia’s earnings on November 19 should be viewed as a key event for the market. The Nasdaq 100 Volatility Index (VXN) has jumped over 12% in the last two sessions, showing heightened anxiety before the earnings report. A straightforward strategy for navigating this volatility is to use options, like straddles or strangles, allowing for profit from significant price movements in either direction without needing to predict the outcome. The Federal Reserve’s strict approach is dampening hopes for a quick policy shift, directly affecting growth stocks. The odds of a rate cut in December have dropped from over 70% last month to just 45% today, according to CME Group’s FedWatch Tool. This shift makes buying longer-dated puts on indices like the S&P 500 or Nasdaq 100 a sensible way to protect against further drops in stock valuations.

Focus on Funding Markets

It’s crucial to monitor funding markets closely, as this area may signal deeper problems. The SOFR rate is trading a few basis points above the Fed’s own policy rate, indicating strain in the financial system that could worsen as the year concludes. If this trend continues, we might see a larger shift away from risk, making puts on financial ETFs a strong strategy for countering a possible liquidity squeeze. The shift from technology stocks to more defensive sectors, like healthcare, is becoming clearer. Over the last five trading days, the Health Care Select Sector SPDR Fund (XLV) has outperformed the tech-heavy Invesco QQQ Trust by nearly 4%. If market fears remain, this gap is likely to increase. A pair trade strategy—going long on healthcare calls while shorting tech calls—can directly exploit this shift. Lastly, the notion of unassailable US AI leadership is starting to weaken, thanks to Alibaba’s aggressive strategy and disappointing reports from Japanese chipmakers impacting market sentiment. This creates new risks that warrant reducing exposure to heavily invested semiconductor and software companies. Selling call credit spreads on overextended AI stocks could provide income while offering some protection if the sector continues to decline. Create your live VT Markets account and start trading now.

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The USD/JPY pair dropped to about 154.50 during the early Asian trading session on Friday. This change comes as uncertainty continues over a possible Federal Reserve rate cut in December, with market opinions still divided. Recent statements from Federal Reserve officials show they are less sure about a rate cut happening in December. Policymakers are worried about a weakening job market in the U.S. and inflation that remains above the Fed’s 2% target.

Market Expectations

There are mentions from the White House about delays in data releases that could affect economic outlooks. Current market expectations suggest a 51% chance of a rate cut by December, down from a previous 62.9%, according to the CME FedWatch Tool. Japan’s Prime Minister Takaichi has stated a desire to stick to “Abenomics” and work closely with the Bank of Japan (BoJ). Concerns that the government might influence the BoJ to postpone rate hikes could impact the Yen’s value. The Yen’s strength relies on several factors, including BoJ policies, bond yield differences, and overall market sentiment. Traditionally, the BoJ steps in to manage the currency, but recent changes from its ultra-loose policy have given the Yen some support. As a safe-haven currency, the Yen often rises during market turbulence as traders seek stability. With USD/JPY around 154.50, we’re stuck between two conflicting pressures. The market is unsure about a December Fed rate cut, while Japan’s new leadership seems to be pushing the BoJ to hold off on tightening. This uncertainty likely means increased volatility in the weeks ahead.

Options For Traders

The uncertainty over the Fed’s next move is understandable given the mixed data we’ve seen. The October jobs report revealed a cooling labor market, adding only 150,000 new jobs, while inflation remains stubbornly high at 3.2%, well above the 2% target. Upcoming speeches from Fed officials will be crucial for any shift in the 51% chance of a rate cut. In Japan, Prime Minister Takaichi’s commitment to continue “Abenomics” puts the BoJ in a tough position. With Japanese inflation at just under 3%, the central bank might typically consider rate hikes. However, political pressure to maintain a loose policy could keep the Yen weaker for longer. Given these conflicting pressures, buying volatility seems to be the safest strategy. A long straddle—purchasing both a call and a put option at the same strike price and expiration—could benefit from major price movements in either direction. This approach would take advantage of the uncertainty surrounding the December Fed meeting and BoJ policy. Alternatively, traders who feel bearish on the dollar due to weak job data might look into buying JPY call options as a more affordable way to gain potential benefit. It’s important to remain cautious about possible interventions from Japanese authorities if the pair goes above the 155 mark, as was seen in 2022. This could temporarily limit the pair’s upward movement, making straightforward long positions risky. Create your live VT Markets account and start trading now.

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