VT Markets, a leading multi-asset broker, is celebrating the success of its ongoing partnership with Newcastle United , and marking the start of the new football season with the release of its latest brand film. The film highlights the evolution of VT Markets’ partnership with Newcastle United as it enters its second year, showcasing the shared values that are essential qualities for success both on the pitch and in the world of trading. Titled ‘Together, Into Tomorrow’, the brand film reinforces the strength of the VT Markets and Newcastle United partnership, showcasing how these core values fuel success in both football and financial markets. This collaboration has already expanded both brands’ reach, increased engagement, and connected with new audiences, making a lasting impact. Dandelyn Koh, Global Brand & PR Lead at VT Markets, expressed, “As we celebrate entering the second year of our partnership with Newcastle United, this new brand film perfectly encapsulates the core values that drive both our brands: speed, precision, and strategy. At VT Markets, we focus on empowering our clients with resources and knowledge to make confident, well-informed decisions in the fast-moving world of trading – much like NUFC players do on the field. This milestone is just the beginning, and we look forward to what the future holds for this powerful partnership.” The film’s narrative draws parallels between football and trading, illustrating how speed strategic thinking are essential in both realms. VT Markets’ insights and resources, much like a player’s intuition, empower traders to stay ahead in the fast-paced, ever-changing market environment. As the partnership moves into its second year, VT Markets remains committed to empowering its clients with the tools, knowledge, and insights necessary for success in the dynamic world of trading. The full brand film – ‘Together, Into Tomorrow’ can be accessed here. This article was written by IL Contributors at investinglive.com. Source: investinglive.com (Read Full Article)
Silver Price Forecast: XAG/USD refreshes 14-year high near $43.80 on Fed dovish expectations
Silver price (XAG/USD) posts a fresh 14-year high around $43.80 on Monday. Source: fxstreet.com (Read Full Article)
Pound Sterling snaps three-day losing streak against US Dollar
The Pound Sterling (GBP) gains temporary ground near a two-week low around 1.3500 against the US Dollar (USD) on Monday. The GBP/USD pair rebounds after a three-day losing streak as the US Dollar falls back. Source: fxstreet.com (Read Full Article)
Canada Raw Material Price Index came in at -0.6%, below expectations (1.2%) in August
Canada Raw Material Price Index came in at -0.6%, below expectations (1.2%) in August Source: fxstreet.com (Read Full Article)
USDJPY rallies back into a key resistance and stalls: US data in focus for next direction
Fundamental OverviewThe USD weakened across the board on the Fed’s decision but eventually erased all the losses and increased the gains as traders digested all the information and realised the projected rate path was more hawkish than market’s pricing.In fact, the dot plot showed that the FOMC projected two more rate cuts for 2025 by a narrow majority, with the rest of officials expecting just one more or even none. Moreover, the Fed projected just one cut in 2026 compared to three that the market was pricing before the decision.Fed Chair Powell then labelled the rate cut as a “risk management” move given the weakening in the labour market data. But overall, he sounded pretty neutral even though he understandably placed more emphasis on the labour market given the two consecutive soft NFP reports. The day after the FOMC decision, we got a solid US jobless claims report, and the greenback increased the gains further. Looking forward, it’s going to be all about the data. Strong data will likely trigger a hawkish repricing in interest rates expectations and support the greenback. On the other hand, weak data will likely continue to weigh on it. On the JPY side, the BoJ kept interest rates unchanged as expected last week but the market got surprised by two members voting for a rate hike. The yen initially rallied but once Governor Ueda started speaking, the gains began to fade and eventually got erased completely as Ueda downplayed the dissenting votes. USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDJPY eventually rallied all the way back to the key resistance zone around the 148.50 level. That’s where we can expect the sellers to step in with a defined risk above the resistance to position for a drop back into the major trendline around the 146.00 handle. The buyers, on the other hand, will want to see the price breaking higher to increase the bullish bets into the 151.00 handle next. USDJPY Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see more clearly the rangebound price action that’s been going on since August. We got the spike lower on the Fed’s decision but eventually the price bounced on the trendline and rallied all the way back to the resistance. There’s not much else we can glean from this timeframe, so we need to zoom in to see some more details.USDJPY Technical Analysis – 1 hour TimeframeOn the 1 hour chart, we can see that we have a minor support zone between the 147.20-147.50 levels. If the price falls into that zone, we can expect the buyers to step in with a defined risk below the support to position for a rally into the 151.00 handle. The sellers, on the other hand, will want to see the price breaking lower to pile in for a drop into the major trendline. The red lines define the average daily range for today.Upcoming CatalystsToday we have the US Flash PMIs, as well as Fed Chair Powell speaking. Tomorrow, we have the Japanese Flash PMIs. On Thursday, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the Tokyo CPI and the US PCE report. Keep also an eye on Fed speakers this week.Watch the video below This article was written by Giuseppe Dellamotta at investinglive.com. Source: investinglive.com (Read Full Article)
United States Chicago Fed National Activity Index up to -0.12 in August from previous -0.19
United States Chicago Fed National Activity Index up to -0.12 in August from previous -0.19 Source: fxstreet.com (Read Full Article)
Canada Industrial Product Price (MoM) came in at 0.5%, below expectations (0.9%) in August
Canada Industrial Product Price (MoM) came in at 0.5%, below expectations (0.9%) in August Source: fxstreet.com (Read Full Article)
European indices bounce back at the open today after the drop yesterday
Eurostoxx +0.3%Germany DAX +0.4%France CAC 40 +0.4%UK FTSE +0.1%Spain IBEX +0.2%Italy FTSE MIB +0.1%With Wall Street closing higher yesterday, that’s feeding into a better mood to start the day for European equities. As for the overall market mood, it’s more tentative on the day though with US futures holding flattish at the moment. Dip buyers continue to show up but will be challenged by US PMI data and Fed chair Powell’s appearance later today. This article was written by Justin Low at investinglive.com. Source: investinglive.com (Read Full Article)
Strength Seen in Coeur Mining (CDE): Can Its 7.0% jump turn into more strength?
Coeur Mining (CDE – Free Report) shares soared 7% in the last trading session to close at $17.42. Source: fxstreet.com (Read Full Article)
France September flash services PMI 48.9 vs 49.6 expected
Prior 49.8Manufacturing PMI 48.1 vs 50.1 expectedPrior 50.4Composite PMI 48.4 vs 49.7 expectedPrior 49.8Trouble, trouble as the French economy starts to see renewed signs of weakness after the summer with business activity falling at its quickest pace in five months. Domestic demand conditions remain subdued with new orders once again falling on the month, marking a 16th straight month of decline. The good news at least is that employment conditions held up while price pressures cooled slightly. As it stands, France is now the bad egg of the European economy. HCOB notes that:“After signs of stabilization in the French private sector over the summer months, the September data has brought a sobering reality check. Economic activity in France has weakened more sharply than at any point since April. Output has declined in both manufacturing and services, with the respective index for manufacturing falling to its lowest level in seven months. Overall, the composite index has been below the growth threshold for over a year, underscoring the country’s subdued economic prospects. We expect GDP growth rates to be between 0.5 and 1 percent in both 2025 and 2026, with the increasingly tense domestic political situation likely to have a negative impact on household consumption and investment decisions.“The positive momentum in manufacturing that we observed in August has dissipated in September. The Manufacturing PMI has slipped back below the growth threshold and it is particularly notable that demand-side sub-indices have deteriorated. Production volumes have declined significantly and new orders have also taken a hit. Whether this means the medium-term trend toward stabilization has ended remains to be seen. Forward-looking indicators, such as quantity of purchases, new orders and future business expectations do not suggest any major improvements in the coming months.“The service sector has also suffered a setback. Although cost pressures in the service sector have eased, providers have also lowered their final prices, likely due to persistently weak demand. This is reflected in reduced workloads and a drop in hiring. So far, real wage gains – which should in theory lead to increased household consumption – have not yet translated into a revival of demand. This situation is likely to persist as long as the political deadlock continues.” This article was written by Justin Low at investinglive.com. Source: investinglive.com (Read Full Article)