As Japan’s new prime minister, Shigeru Ishiba, steps into the role, markets are already reacting to the potential changes that his leadership could bring. The liberal shift in Japan’s governance signals a possible recalibration of the monetary policy approach that …
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 …
The Indian rupee faces challenges breaking past key resistance as traders focus on Fed Chair Powell’s comments and U.S. inflation data. Discover the short-term forecast for USDINR and market implications. -vtmarkets.com
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
Key points: Australian dollar hit a 19-month high, with bullish momentum pushing towards $0.7030. New Zealand dollar reached yearly highs, moving close to a crucial resistance level at $0.6412. We saw the Australian dollar climbing to $0.6890, coming close to …
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. …
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