EUR\/USD Approaches Daily Highs<\/p>\n
Gold Remains Under Pressure<\/p>\n
The housing market is showing tentative signs of stabilizing, which is a noteworthy development. Mortgage applications are still declining, but the rate of that decline has slowed considerably from -1.8% to -0.3%. Looking back at how 30-year mortgage rates surged past 7% in 2023, this moderation suggests the market may be finding a floor, even with rates still elevated.<\/p>\n
For currency traders, the British Pound is showing resilience despite softer UK inflation data. The market seems to believe the Bank of England will maintain its firm stance, holding GBP\/USD steady near 1.3360. This suggests that for now, interest rate differentials are a more powerful driver for the pound than a single soft inflation reading.<\/p>\n
Gold is at a critical juncture, testing the $4,000 per ounce level. The primary pressure is coming from rising US Treasury yields, with the 10-year Treasury yield recently hitting 4.9%, its highest since 2024. Traders should watch this inverse relationship closely, as a cooler-than-expected US inflation report could send yields lower and push gold decisively back above this key psychological level.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Mortgage applications slightly recover; currency pairs stabilize on trade optimism; Bitcoin volatility spikes amid merger speculation.<\/p>\n","protected":false},"author":62,"featured_media":16963,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-32909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/32909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=32909"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/32909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16963"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=32909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=32909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=32909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}