South Africa’s manufacturing declines, EUR/USD recovers, gold surpasses $2,950, GBP/USD stable, Metaverse corrects, UK seeks growth.
Visa’s bullish trend continues, with Elliott Wave analysis indicating further gains before a corrective wave.
NZDUSD remains range-bound amid uncertainty, with traders watching US PPI. Key levels include 0.5850 resistance and 0.5680 support.
The Bank of Canada cut its policy rate to 2.75% and may lower it further due to economic uncertainties.
The IfW Kiel Institute forecasts German economic stagnation in 2025 but expects 1.5% growth in 2026 from spending.
USD is expected to trade between 147.60 and 148.90 JPY short term, with a neutral outlook.
European stocks decline; Eurostoxx down 0.3%. US futures also fall as markets await key economic data.
Silver fell to $33.02 per ounce, down 0.42%. Influencing factors include interest rates, demand, and economic conditions.
Eurostoxx and DAX futures drop 0.2%, S&P 500 down 0.5%, as traders await US PPI data.
Global oil supply may surpass demand by 600,000 bpd, with U.S. leading 2025 growth amid OPEC+ adjustments.
Insights 
VT 
