About: josephine
Recent Posts by josephine
Gold Near Record Highs Amid Middle East Tensions and Weak Dollar
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
Euro Nears 14-Month High as Dollar Weakens After Fed Rate Cut
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
Rupee Stalls as Markets Await Cues from Powell and U.S. Inflation Data
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
Wheat Prices Fall 1% on Low Demand, Yet Post Weekly Gains
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, indicating a possible consolidation phase. The MACD is nearing the zero line, while the histogram shows weakening bearish momentum, hinting that the downtrend may be slowing down.
Yuan hits 16-month high as PBoC liquidity injections send 10-year yield below 1.70%
Yuan hits 6.7424 as dollar and yields fall; PBoC stays accommodative, boosting bonds and liquidity injections.
