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Furthermore, the VVX indicator can be used in conjunction with other technical analysis tools to improve trading decisions. Traders often use the VVX in combination with moving averages, support and resistance levels, and other indicators to get a comprehensive view of market conditions. By integrating the VVX indicator into their trading strategies, traders can make more informed decisions and potentially improve their trading outcomes. In conclusion, the VVX indicator is a valuable tool for traders and investors looking to gain insights into market dynamics and make better-informed trading decisions. By incorporating volume and price data, the VVX indicator provides a comprehensive view of market activity and can help identify potential trading opportunities. When used in conjunction with other technical analysis tools, the VVX indicator can be a powerful asset in a trader's toolkit.

The VVX indicator, also known as the Volume-Weighted Average Price (VWAP) indicator, is a powerful tool used in technical analysis to measure the average price of a security based on both volume and price movements. This indicator provides traders and investors with valuable insight into the trading activity of a particular asset over a specific period of time. The VVX indicator is calculated by taking the sum of the price multiplied by volume for every transaction and dividing it by the total volume traded over a given period. This results in a single value representing the average price at which a security has traded throughout the day. By incorporating volume into the equation, the VVX indicator places more emphasis on price levels with higher trading activity, giving a more accurate representation of market sentiment. One of the key benefits of the VVX indicator is its ability to provide traders with valuable information on the buying and selling pressure in the market. A rising VVX value suggests that the price is being pushed up by strong buying interest, while a declining VVX value indicates increased selling pressure. This can help traders identify potential trend reversals or confirm existing market trends.

5. Gold close to record highs Gold prices slipped lower Wednesday, remaining near record highs as the prospect of lower U.S. interest rates battered the dollar and spurred more flows into the yellow metal. By 04:20 ET, spot gold fell 0.2% to $2,509.52 an ounce, while gold futures expiring in December fell 0.1% to $2,547.40 an ounce. Gold has seen significant price increases, with gains of over 20% so far this year and over 30% over the past 12 months, climbing to new all-time highs as the prospect of lower interest rates bodes well as it reduces the opportunity cost of investing in non-yielding assets. That said, there are other key factors that have helped the yellow metal surge higher, with one of the primary drivers being geopolitical tension. The freezing of Russia's foreign currency reserves in 2022 has made Western bonds less appealing to non-democratic countries. As a result, gold has become a more attractive alternative for central banks. Adding to this is the issue of significant budget deficits in major economies like the U.S., U.K., and France. The current political climate in the U.S. is also contributing to gold’s rise, with proposals for increased tariffs, price controls and large subsidies building anxiety among investors.

4. More retail earnings in focus The U.S. earnings season is drawing to a close, but there are still numbers primarily from the retail sector to digest. Target Corporation (NYSE:TGT) and TJX Companies (NYSE:TJX) are due to release quarterly results later in the session, and investors will be looking to see if they grab market share from the back-to-school sales. The National Retail Federation data from early July showed expected back-to-school spending per household will be down slightly at $875 versus last year’s record of $890. Home improvement retailer Lowe’s (NYSE:LOW) cut its full-year forecast on Tuesday, in another indication of a difficult environment for the retail sector. Around 93% of S&P 500 companies have reported earnings results for the second quarter, and thus far 79% of companies that have reported have surpassed analyst profit estimates, while only 60% have beaten on revenues, according to FactSet data.

3. Walmart to sell stake in JD.com Walmart (NYSE:WMT) has decided to change tack while tackling the important Chinese market, selling its stake in Chinese e-commerce firm JD.com and focusing on its own operations in the second-largest economy in the world. The supermarket chain is seeking to raise about $3.74 billion by selling its stake in JD.com, Bloomberg reported Tuesday, with Morgan Stanley acting as the broker-dealer of the offering. "This decision allows us to focus on our strong China operations for Walmart China and Sam's Club, and deploy capital towards other priorities," Walmart said. The U.S. retailer owns a 5.19% stake in JD.com, according to LSEG data, with the partnership beginning in 2016 when Walmart sold its Chinese online grocery store, Yihaodian in return for a 5% stake in JD.com. Walmart reported a 17.7% year-on-year rise in revenue from its China business to $4.6 billion in the second quarter on the back of strong growth in its Sam's Club warehouse chain and its digital offering. JD.com reported a better-than-expected second-quarter profit, but China's retail market has been hit by a persistent downturn in consumer confidence amid concerns about employment and incomes.

2. Futures edged higher ahead of Fed minutes U.S. stock futures edged higher Wednesday, ahead of the release of minutes from the last Fed meeting as well as revisions to payrolls data as investors seek clues for when the Federal Reserve will start cutting interest rates. By 04:20 ET (08:20 GMT), the Dow futures contract was 45 points, or 0.1%, higher, S&P 500 futures climbed 5 points, or 0.1%, and Nasdaq 100 futures rose by 10 points, or 0.1%. The benchmark Wall Street indices closed with small losses Tuesday, snapping healthy winning streaks. The broad-market S&P 500 index dipped 0.2%, the tech-heavy Nasdaq Composite slid 0.3% and the Dow Jones Industrial Average fell 0.2%. Investors will focus on the minutes from the Federal Reserve’s most recent meeting and revisions to recent payrolls data, ahead of Friday’s Jackson Hole speech by Jerome Powell. In the corporate sector, Toll Brothers (NYSE:TOL) rose premarket after the homebuilding company surpassed earnings expectations in the fiscal third quarter, and lifted its full-year deliveries guidance. Keysight Technologies (NYSE:KEYS) stock soared over 10% premarket after the test equipment manufacturing company posted solid fiscal fourth-quarter guidance on revenue.

the minutes from the last Federal Reserve meeting, due later in the session, for further insight into the prospect of an imminent rate cut, and its likely size. The U.S. central bank kept rates on hold at its last gathering in late July, maintaining its benchmark overnight interest rate in the current 5.25%-5.50% range. However, comments from Fed officials subsequently have tended to point towards a rate cut in September, and the minutes are expected to reinforce this dovish stance. Federal Reserve Governor Michelle Bowman said on Tuesday that she remains cautious on interest rate cuts and warned against overreacting to recent data showing easing inflation as upside risks remain a threat. However, Bowman, a known hawk, added it would "become appropriate to gradually lower the federal funds rate to prevent monetary policy from becoming overly restrictive on economic activity and employment" if there is further progress on inflation. Additionally, preliminary revisions to U.S. labor data are also due to be published later in the session, and a large downward revision is expected, which would further support cutting interest rates. “The job creation number could be revised downward by as much as 800,000 jobs, according to some estimates, which would mean the labor market may not be as strong as portrayed earlier,” analysts at ING said, in a note.

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