Dear Client,

As part of our commitment to provide the most reliable service to our clients, there will be maintenance this weekend.

Maintenance Details:

Please note that the following aspects might be affected during the maintenance:

1. The price quote and trading management will be temporarily disabled during the maintenance. You will not be able to open new positions, close open positions, or make any adjustments to the trades.
2. There might be a gap between the original price and the price after maintenance. The gaps between Pending Orders, Stop Loss, and Take Profit will be filled at the market price once the maintenance is completed. It is suggested that you manage the account properly.
3. Due to the adjustment from Daylight Saving Time to Standard Time, the server time zone will change from GMT+3 to GMT+2. This change will take effect after the server maintenance on November 2 at 13:00 GMT+2.

The above data is for reference only. Please refer to the MT4/MT5 software for the specific maintenance completion and marketing opening time.

Thank you for your patience and understanding about this important initiative.

If you’d like more information, please don’t hesitate to contact [email protected].

The GBP/USD pair has rebounded from the support level of 1.3140 and is now above 1.3200 due to a dip in US Dollar strength. The USD Index has pulled back from a recent high, influenced by worries about a potential long US government shutdown and its economic effects, which has helped the GBP/USD pair. During the American trading session, GBP/USD fell, breaking below the 200-day Exponential Moving Average. In fact, it has recorded eight closing losses out of the last nine trading days, resulting in a -2.46% drop from its peak. Although the Federal Reserve lowered rates by 25 basis points, Fed Chair Jerome Powell’s cautious comments surprised many, indicating fewer cuts might occur until 2025.

New Downward Movement

Following a 25 basis point interest rate cut by the Federal Reserve, GBP/USD is seeing new downward movement. This cut was expected but didn’t stir much excitement in the market. The Pound is facing challenges as the Fed plans to cut Quantitative Easing efforts, transitioning its mortgage-backed asset balance to long-term Treasuries by December. Recent market trends show movements in different currency pairs and expectations for upcoming economic events that could affect them. Navigating this financial landscape requires careful thought, as market changes can be risky. The recent bounce in GBP/USD from the 1.3140 level seems like a temporary response to US dollar weakness, not a solid shift in favor of the pound. The pair has dropped over 2.4% in just nine trading days. This brief recovery could present a good opportunity for short positions. The Fed’s recent moves are a key influence, creating a more hawkish outlook despite the 25 basis point cut. According to the latest CME FedWatch data, there’s now an 85% chance the Fed will keep rates steady in December, reducing hopes for another rate cut this year. This is a sharp change from just a month ago and should provide strong support for the dollar.

UK Economic Data

In the UK, economic data isn’t strong enough to support the Sterling. Recent figures show inflation stubbornly high at 3.2%, well above the Bank of England’s target. This puts the BoE in a tough spot, unable to raise rates without risking economic growth, leaving the pound vulnerable against a strong Fed. This policy gap poses a significant challenge for the GBP/USD pair. For traders in derivatives, buying put options on GBP/USD may be a wise strategy over the next four to six weeks. Options expiring in December 2025 with a strike price around 1.3000 could offer protection against a drop below recent lows. Implied volatility has increased, but the costs remain reasonable for hedging or speculating on further declines. The main risk to this bearish outlook is the possibility of a prolonged US government shutdown, which the markets are closely monitoring. If the shutdown lasts more than a week or two, it could weaken the US dollar significantly and trigger a sharp reversal in GBP/USD. Thus, it’s wise to set tight stop-losses on short positions or use call options with a strike near 1.3300 as a protective measure. Reflecting on the period from 2022-2023, where aggressive Fed tightening led to strong dollar performance and drove GBP/USD to historic lows, the current situation in late 2025, while not as severe, shows a similar trend where the Fed is more hawkish than its counterparts. This trend suggests that the most likely direction for the pair is downward. Create your live VT Markets account and start trading now.

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West Texas Intermediate (WTI) Oil prices stayed steady above $60.00 as traders waited for updates on US-China trade talks. There were rumors that President Trump urged China to cut back on purchasing Russian Oil during his meeting in South Korea. After previous increases, WTI Oil hovered around $60.10 per barrel. Crude Oil prices remained stable as traders were cautious following the US-China meeting that focused on key trade and economic issues.

South Korea Meeting Highlights

In South Korea, Presidents Trump and Xi Jinping chatted about several topics, including Russian Oil purchases. In the US, sanctions on Rosneft rekindled debates in Germany about possibly nationalizing the company’s operations, although a major refinery in Berlin is exempt from these sanctions until April 2026. OPEC+ is considering a slight production increase in December, following gradual monthly rises. Eight OPEC+ nations have significantly raised their output targets but still fall short of the cuts made in previous years. WTI Oil, known for its low sulfur content, serves as a major global benchmark sourced from the US. Its price is influenced by supply and demand, geopolitical events, and OPEC’s production quotas. Inventory data from API and EIA can greatly affect prices, with declines hinting at higher demand. Currently, WTI crude is stable around $85 a barrel as the market processes mixed signals about supply and demand. Traders are cautious about making big moves before important US-China talks next month and the upcoming OPEC+ policy meeting. The current stable prices may hide some underlying volatility in the weeks ahead.

Future Implications

Attention is turning to high-level talks between Washington and Beijing. We are watching for any updates on energy security, especially related to China’s ongoing purchases of sanctioned oil. Recent customs data from September 2025 revealed that China’s crude imports remained strong at over 11 million barrels per day, largely from Russia and Iran, leading to tensions. In Europe, we are closely observing developments in Germany about the future of the Schwedt refinery. The US sanctions exemption for Rosneft’s German operations will expire in April 2026, intensifying discussions about potential nationalization. This situation poses a significant risk to Europe’s refined product supply, particularly for diesel, as winter approaches. The next major event will be the OPEC+ meeting in early December. There is much debate about whether the group will extend its current production cuts into 2026 to support prices amid concerns about global growth. Reflecting on how the group handled the market with voluntary cuts in late 2023, we anticipate that any decision will aim to keep prices stable without hindering demand. In the short term, we should closely monitor weekly inventory data for signs of demand strength. For example, yesterday’s EIA report showed an unexpected crude draw of 2.1 million barrels, while a small increase was expected. This indicates that US demand remains strong, which could support prices if geopolitical tensions rise. Create your live VT Markets account and start trading now.

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Dear Client,

Affected by international holidays, the trading hours of some VT Markets products will be adjusted. Please check the following link for the affected products:

Holiday Trading Adjustment Notice

Note: The dash sign (-) indicates normal trading hours.

Friendly Reminder:
The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact [email protected].

Nvidia’s Impact on Market Dynamics Nvidia reaching a $5 trillion milestone marks a big change in market dynamics. It highlights how artificial intelligence (AI) is boosting stock market trends and rekindling global interest in growth sectors. The Federal Reserve’s rate cut has provided more money in the market, but comments from Chairman Powell have created some uncertainty. This means that overall market optimism now depends on economic performance. The Dow Jones is looking optimistic after the Fed’s actions and Nvidia’s success, with important support levels in place. However, if these levels aren’t held, we might see drops in value depending on Fed policies and the wider economy. Traders should stay alert to data releases and market trends to keep a strong position. We are in a market that is powered by enthusiasm for AI and a more favorable Federal Reserve policy. Nvidia’s jump to a $5 trillion valuation confirms the positive view on AI, giving a boost to tech and growth stocks. This sets a hopeful trend for major market indices like the Dow Jones Industrial Average. Comparison to Late 1990s Tech Leadership To illustrate, Nvidia’s forward price-to-earnings ratio is around 60, a level not seen since the dot-com boom for a company this size. This reflects a high level of investor confidence in future growth, lifting the entire market along with it. We observed a similar trend in the late 1990s when tech leaders sparked a long-lasting bull market before the mood changed. The Fed’s second rate cut of 2025 has added fresh money to the market, but Powell’s remark that a December cut is “optional” is a key detail. With the latest Consumer Price Index (CPI) data from September 2025 showing inflation stuck at 3.4%, the market has become very responsive to upcoming economic reports. This uncertainty means we should expect sharp movements around the next inflation and job data releases. For those trading derivatives, the focus should be on preparing for potential gains while protecting against sudden shocks due to data. Buying call options or bull call spreads on the Dow (US30) with strike prices of 48,800 or higher appears wise, especially if prices dip toward the 47,100 support level. This approach allows us to benefit from the primary upward trend while keeping our risks manageable. Still, we need to be cautious. A surprising inflation report might quickly change investors’ mood. Purchasing protective put options with strike prices below the important 46,700 level is a budget-friendly way to safeguard against an unexpected downturn. These positions would act like insurance if the Fed’s “optional” cut is no longer on the table. Volatility itself could offer opportunities in the coming weeks. The CBOE Volatility Index (VIX) has dropped to 14, making options cheaper. However, implied volatility for contracts that expire after significant data releases is likely to rise. Strategies like straddles or strangles around the upcoming Non-Farm Payrolls report can help us profit from significant price fluctuations, no matter which direction they take. Create your live VT Markets account and start trading now.

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Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact [email protected].

Silver (XAG/USD) saw a small drop during the Asian session, trading just below the mid-$47.00s, down 0.20% for the day. However, it remains above recent lows, attracting buyers around the $48.00 level. From a technical standpoint, silver is bouncing off the 50-day EMA, suggesting a positive outlook. Yet, the daily chart oscillators show some warning signs, so caution is advised before confirming a reversal from the recent dip. Support is expected between $47.00 and $46.95. If prices fall below $46.00, they may test the 50-day EMA near $45.55, potentially going down to $45.00 or even lower. A strong move above $48.00 could lead to gains towards $49.00 and even beyond. Silver prices are influenced by geopolitical events, interest rates, and the behavior of the USD, as it is traded in dollars (XAG/USD). Industrial demand, particularly in electronics and solar energy, affects prices too. Silver often follows gold’s movements since both are seen as safe-haven assets. Some investors prefer silver over gold for diversification or during times of high inflation. Like gold, silver’s value is driven by mining supply and demand in global markets, even though it is more abundant. Silver is currently having trouble breaking through the $48.00 level, indicating that buyers lack strong conviction at this price point. Prices are stuck between key technical levels, creating uncertainty for short-term direction. This indecision calls for a cautious approach in the upcoming weeks. The strength of the US Dollar is a significant obstacle for silver prices. After the Federal Reserve’s statement on October 29, 2025, which indicated a steady approach to interest rates, the US Dollar Index rose to a three-week high of 107.50. A stronger dollar makes silver more expensive for foreign holders. Industrial demand, a critical factor for silver, is showing mixed signals. China’s latest manufacturing PMI released yesterday fell to 49.8, indicating slight contraction and raising concerns about silver demand in electronics and solar panels. A similar slowdown in late 2023 led to a temporary dip in silver prices before industrial buying picked up again. The Gold/Silver ratio has widened to 88:1, its highest since the second quarter of 2025. This indicates that silver is relatively cheap compared to gold, which could attract buyers if market sentiment improves. However, gold’s status as a safe-haven asset is currently dominant. For traders anticipating a decline, a decisive move below the $47.00 support level could indicate a time to buy put options or start short futures positions. Major downside targets would be the $46.00 level and the 50-day moving average around $45.55. Such a move would confirm that the recent correction from the all-time high could continue. On the other hand, if prices sustain a break above the resistance zone at $48.50, this would invalidate the bearish outlook. In this case, purchasing call options or long futures contracts would be a sound strategy, aiming for a move towards $49.00 and then the psychological $50.00 level. Achieving this would likely need a significant trigger, such as a sharp drop in the US Dollar. With the European Central Bank’s policy decision coming up next week, we’re seeing increased implied volatility in the options market. Traders unsure of direction but expecting large price swings might consider strategies like a long straddle. This involves buying both a call and a put option with the same strike price and expiration date to profit from significant moves in either direction.

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The EUR/JPY is currently trading around 177.50, rising after the Bank of Japan (BoJ) decided to keep its short-term interest rate target steady at 0.4%-0.5% for October. This decision follows a two-day loss period and matches market expectations.

Monetary Policy and Inflation Dynamics

The BoJ has paused its tightening cycle for the sixth consecutive meeting since raising rates by 25 basis points in January. Talks about when to resume rate hikes may start as inflation changes, but Prime Minister Sanae Takaichi’s support for a loose monetary policy could complicate things. The Japanese Yen might weaken as interest in safe-haven assets drops because of optimism about a potential US-China trade agreement. US President Donald Trump and Chinese President Xi Jinping are currently discussing various trade issues in an ongoing meeting. The market is also eager for economic data from Germany and the Eurozone, alongside the European Central Bank’s (ECB) upcoming interest rate decision. The ECB is expected to keep rates at 3.75% for the third straight meeting, as signs show economic growth and easing inflation. The BoJ’s interest rate choices are vital indicators of how the Yen will perform, based on its view of inflation and the economic outlook. This morning, October 30th, the EUR/JPY cross is pushing above 177.50, influenced by the BoJ’s decision. By keeping its interest rate target stable, the BoJ signals a continued dovish stance, making the Japanese Yen less appealing for now.

Interest Rate Gap and Trading Strategies

The ECB is anticipated to maintain its rate at 3.75% later today, which creates a notable interest rate gap of over 300 basis points. This difference encourages carry trades, where traders borrow inexpensive Yen to invest in Euros that offer higher yields. This strategy has been profitable throughout most of 2025 due to diverging central bank policies. We are closely monitoring the US-China trade talks, as positive developments there boost overall market sentiment. This optimism decreases the demand for the Yen, traditionally a safe-haven asset during uncertain times. A favorable outcome from the meeting could put more downward pressure on the Yen. Given this outlook, we suggest traders consider buying call options on EUR/JPY with strike prices above 178.00, expiring in the next four to six weeks. This approach allows for profit from upward movement while managing risk to the premium paid. For those with a neutral to slightly bullish perspective, selling out-of-the-money put options can also be a good way to earn premium, assuming the pair won’t sharply reverse. In the coming days, we will focus on unemployment and GDP data from Germany and the Eurozone. The flash estimate for Eurozone Q3 GDP showed a modest growth of 0.2%, while headline inflation eased to 2.7% in October, reinforcing the idea of economic strength. However, any major miss in upcoming data could challenge this view and lead to a brief pullback. Create your live VT Markets account and start trading now.

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The Australian Dollar Strengthens Against The Yen

The Australian Dollar is getting stronger compared to the Yen. This change comes as expectations shift around the Reserve Bank of Australia’s monetary policy. Recent Australian CPI data showed a 1.3% increase for the quarter, which is higher than the expected 1.1%. On a global scale, all eyes are on the upcoming US-China meeting, where a positive trade deal is expected. These ongoing discussions are making risky assets more appealing, which is affecting the current market situation. A currency heat map indicates that the Australian Dollar is the strongest currency against the Japanese Yen. This map highlights percentage changes in major currencies, making it easy to compare them using a base and quote currency system. The Bank of Japan’s decision to keep its interest rate at 0.5% has weakened the Yen, pushing the AUD/JPY close to 100.70. This move was largely expected, especially since the current administration prefers relaxed monetary policies. However, the 7-2 vote split shows some internal disagreements, although not enough to impact immediate plans. This policy decision is backed by recent economic data from Japan. The Bank of Japan has little reason to tighten its policies right now. The core inflation figure for September, released by Japan’s Ministry of Internal Affairs and Communications, matched the bank’s forecast at 2.7%. Additionally, Q3 GDP growth was only 0.4%, indicating that the BoJ will likely lag behind other major banks in raising rates.

Growing Divergence In Central Bank Policies

At the same time, the outlook for the Australian Dollar is becoming more positive as the Reserve Bank of Australia seems to be moving away from further rate cuts. This change in outlook is supported by the latest Q3 Consumer Price Index report from the Australian Bureau of Statistics, which showed a higher-than-expected quarterly increase of 1.2%. With the unemployment rate stable at around 4.0%, the RBA has a good reason to maintain its policy. This growing difference between a steady BoJ and a more aggressive RBA makes the AUD/JPY carry trade appealing again. This strategy worked well between 2022 and 2024 when the interest rate gap widened significantly. Currently, the policy rate spread between the two banks is 3.85%, providing an attractive yield for holding long AUD positions against the JPY. Traders in derivatives should see this as a positive sign for the pair in the coming weeks. Buying AUD/JPY call options with December or January 2026 expirations and targeting a strike price around 102.00 could be an effective way to prepare for further gains. Alternatively, selling out-of-the-money put options with a strike price below 99.00 could be a solid strategy to earn premium, assuming the policy divergence supports the pair’s value. We also remember that global risk sentiment, once influenced by events like the US-China trade talks in the late 2010s, continues to be important. Today, the focus is more on stable global growth and efforts to manage inflation. This environment generally favors riskier currencies like the Australian Dollar over safe-haven currencies like the Yen. Create your live VT Markets account and start trading now.

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Japan’s central bank kept its interest rate at 0.5%, which was expected. Governor Ueda mentioned that Japan’s economy is recovering moderately, but there are still some weaknesses. In other markets, the Australian dollar held onto its gains after the US announced tariff cuts on China. Meanwhile, the Japanese yen remained weak as traders awaited comments from the Bank of Japan’s governor.

Currency Movements and Central Bank Decisions

The EUR/USD pair showed strength, getting close to 1.1650, as attention shifted to EU GDP data and the European Central Bank’s upcoming decisions. The GBP/USD also rose, surpassing 1.3200, thanks to a softer US dollar. Gold prices increased, ending a four-day losing streak, due to renewed interest in safe-haven assets. Concerns about the potential impact of a prolonged US government shutdown affected the dollar’s earlier gains. In the cryptocurrency market, Bittensor’s price soared for the sixth consecutive day, moving toward $450, as it announced plans for a new staked Exchange Traded Product. The European Central Bank is likely to keep rates unchanged, while minor growth revisions are expected in December. The Bank of Japan’s choice to maintain the 0.5% interest rate was widely anticipated, so we do not expect any sudden changes. However, with the US Federal Reserve’s rate still much higher, the ongoing interest rate gap is putting pressure on the Yen. This means that carry trades, like going long on USD/JPY, remain attractive since the pair is trading above levels not seen since the late 20th century, recently crossing 158.

Opportunities and Strategies in Currency Trading

The US Dollar is weakening against multiple currencies, creating opportunities in major pairs. The recent tariff cuts on China are seen as a positive signal, reducing the dollar’s status as a safe haven and pushing the Dollar Index (DXY) down toward 105.50. This environment encourages selling USD call options or buying puts as protection against further dollar weakness in the coming weeks. This dollar weakness is helping the EUR/USD approach 1.1650, driven by expectations of a steady European Central Bank and strong Eurozone GDP figures. The British Pound is also gaining ground, but its potential for further gains seems limited around 1.3200, as recent data shows stalled growth in the UK, along with persistent inflation concerns. This difference might make long EUR/GBP positions, perhaps through bullish option spreads, an appealing strategy. Even with a positive risk sentiment from trade news, Gold is also gaining traction, indicating some underlying market uncertainty. Concerns about the continuing US government shutdown are raising doubts about domestic economic stability. Therefore, while we can engage in risk-on trades, maintaining some protective assets like Gold call options is a wise hedge against political instability. Given these mixed signals, implied volatility in major indices and currency pairs may rise. We should explore strategies to profit from increased price movements, like long straddles or strangles on pairs such as EUR/USD. For the Yen, we might consider selling out-of-the-money puts on USD/JPY to collect premiums while betting that Japanese officials will remain reluctant to intervene strongly. Create your live VT Markets account and start trading now.

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