Fears of escalating conflict in the Middle East weighed heavily on Asian stocks, while safe-haven assets like gold and the dollar saw increased demand. Crude oil prices also climbed on supply disruption concerns. – vtmarkets.com
The Australian dollar (Symbol: AUDUSD) found strong demand as its retail sales figures for August 2024 exceeded forecasts, providing support to the currency amid a global backdrop of cautious sentiment. -vtmarkets.com
Japanese stock market index Nikkei (Symbol: Nikkei225) bounced back, rising by more than 1% in early Tuesday trading after a steep decline in the previous session. -vtmarkets.com
The U.S. dollar gained strength on Tuesday, rising against its major peers after Federal Reserve Chair Jerome Powell dampened market expectations for more aggressive interest rate cuts. With traders adjusting their outlook on future monetary policy moves, the greenback saw …
The yen made a strong move last Friday after Shigeru Ishiba, a critic of aggressive monetary easing, won the leadership of Japan’s ruling party. The yen pushed to a one-week high of 141.75 against the dollar in the Asia session …
Oil prices rise alongside Middle East tensions and fears of supply disruptions, while traders await U.S. Federal Reserve updates on potential rate cuts. -vtmarkets.com
A.I. focus from Nvidia drives strong earnings growth, with a 21.7% stock rally since August. Short-term volatility emerges after a small dip while traders eye support levels in the face of A.I. demand. -vtmarkets.com
Gold holds at record highs as markets anticipate U.S. PCE data and monitor Fed rate cut chances. Discover why traders favour gold amid geopolitical tensions and economic updates. -vtmarkets.com
Wheat prices have displayed resilience following an extended decline from the $7.07 high to a low of $4.94. On the daily chart at vtmarkets.com, the price is now testing the 5.60 level, with the moving averages starting to level out, …
Traders now expect 73 basis points of easing for the remainder of the year, with CME Group’s FedWatch Tool indicating a 51% probability of another half-percentage-point cut. This cautious outlook stems from the Federal Reserve’s focus on supporting the labour …
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