Today's Analysis

6

Sep 2024
Wheat and soybean retreat as supply issues loom

Key Points: Wheat and soybean pull back after a short-covering rally, remaining near multi-week highs. Global supply concerns persist due to poor European production and U.S. Midwest weather stress. Traders brace for further price action amid strong speculative activity. This …

5

Sep 2024
Oil prices lay flat on weak demand and OPEC+ supply delays

Oil prices lay flat after sell-off, balancing weak demand and possible OPEC+ production delay. Traders watch OPEC+ decisions and US crude stock data as global demand concerns persist. -vtmarkets.com

5

Sep 2024
Dollar falters as rising bets suggest a larger Fed rate cut

The U.S. dollar dipped on Thursday as traders raised their expectations of an outsized rate cut from the Federal Reserve later this month. Concerns over the U.S. economy’s growth outlook, following weaker-than-expected data, have pushed investors toward safe-haven currencies like …

5

Sep 2024
Gold struggles for momentum as markets focus on US jobs data

Gold prices remained largely flat on Thursday, reflecting investor caution ahead of the U.S. nonfarm payrolls report. This data could signal future rate moves by the Federal Reserve, particularly with market attention focused on whether a rate cut will materialise …

4

Sep 2024
Mexican peso weakens with judicial reform concerns

The Mexican peso fell to its lowest level since December 2022, driven by political uncertainties surrounding constitutional reforms and growing economic challenges. Investor confidence wavers as concerns over judicial independence and weak economic data persist. -vtmarkets.com

4

Sep 2024
South Korean forex reserves climbs with rising securities

The foreign exchange reserves of South Korea increased to $415.9 billion in August, driven by higher securities holdings and a stable IMF position. USD/KRW showed relative stability despite significant shifts in reserve composition. -vtmarkets.com

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