Monthly Archives: September 2024

The EURUSD pair nears a 14-month high following the Fed’s 50bps rate cut, but faces key resistance levels. Learn about the implications for traders and market outlook. -vtmarkets.com

The S&P 500 hit new record highs as semiconductor stocks rallied and traders increased bets on further interest rate cuts. Investors now focus on upcoming economic data for insights into the Fed’s policy direction. -vtmarkets.com

Oil prices consolidate as U.S. crude oil inventories decline, but waning optimism over the Chinese economic stimulus and rising Middle East tensions keep markets in a cautious state. -vtmarkets.com

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 moreContinue Reading

Key points: We saw the Australian dollar climbing to $0.6890, coming close to the $0.6908 mark, a level not touched since early 2023. Breaking these levels has opened the door for further movement towards $0.7030 and $0.7088. This momentum has been largely driven by hopes that China’s latest round of stimulus will provide a much-neededContinue Reading

Gold prices remained elevated at $2,658.07 per ounce after reaching a record high of $2,664.25. This move higher can be traced to two major factors. First, the dollar weakened by 0.2%, making dollar-denominated gold cheaper for holders of other currencies. -vtmarkets.com

The euro dropped on weak PMI data in Germany and France, raising expectations of ECB rate cuts. Investors now foresee 44 basis points in reductions by year-end. -vtmarkets.com

USDJPY pulls back on narrowing US-Japan interest rate differentials. With the fiscal half-end of Tokyo approaching, volatility is expected. Insights into support and resistance levels for traders. -vtmarkets.com

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 moreContinue Reading

Key points: The Nikkei climbed to a three-week high as trading resumed after a long holiday weekend in Japan. Boosted by Wall Street’s performance overnight, the Nikkei surged by 1.5%, reaching 38,293.34 in early trading.  Earlier in the session, it touched 38,338.65, its highest point since September 3. Picture: Nikkei trading at 38033.85 on theContinue Reading