In the upcoming week, several significant events and economic data releases are scheduled to take place. Among them are the Federal Open Market Committee (FOMC) meeting minutes, the Reserve Bank of New Zealand (RBNZ) rate statement, and the Canada Consumer Price Index (CPI) report. 

These events are expected to garner considerable attention from investors, economists, and financial analysts as they provide insights into the current state of the global economy and the outlook for the future. Market participants will closely monitor these reports and releases to understand the current economic climate better and make informed investment decisions.

Let’s take a closer look at these events:

UK and US Flash Services PMI (21 February)

The UK’s January 2023 Flash Services PMI decreased from 49.9 in December 2022 to 48.7. The US Flash Services PMI increased from 44.7 in December to 46.8 in January.

For February 2023, analysts anticipate that the UK Flash Services PMI will increase to 49.3, while the US Flash Services PMI will rise to 47.4.

UK Flash Manufacturing PMI (21 February)

The UK Flash Manufacturing PMI increased to 47.0 in January 2023 from the 31-month low of 45.3 recorded in December 2022. 

Analysts predict a further increase in the UK Flash Manufacturing PMI to 47.5. This data is closely watched as it provides an early indication of the health of the UK manufacturing sector, which plays a crucial role in the country’s economy.

Canada Consumer Price Index (21 February)

Canada Consumer Price Index declined by 0.6% in December 2022 compared to the previous month. 

Analysts forecast a 0.2% increase in Canada’s CPI for January 2023. This forecasted increase is significant as it could indicate the beginning of a broader economic recovery.

Australia Wage Price Index (22 February)

The Australian Wage Price Index (WPI) experienced a year-on-year increase of 3.1% in Q3 2022, as per the seasonally adjusted data, marking an acceleration from the 2.6% growth seen in Q2. This result is the most substantial reading since Q1 2013.

For Q4 2022, analysts forecast that Australian WPI will increase by 3.6% year-on-year. This anticipated growth is a positive sign for the Australian economy, and investors will be keeping a close eye on the release of the WPI data for insights into the country’s economic health.

RBNZ Monetary Policy and Rate Statement (22 February)

The Reserve Bank of New Zealand increased its interest rate in November 2022 by 75bps to 4.25% from the previous rate of 3.5%.

Analysts expect the RBNZ to announce another increase in its interest rate of 50bps to 4.75% this month. The expected gain would signify the central bank’s continued efforts to keep inflation under control and maintain a stable economy.

FOMC Meeting Minutes (23 February)

In its February 2023 meeting, the US Federal Reserve increased the fed funds rate target range by 25bps to 4.5%-4.75%. In a statement, Fed Chair Jerome Powell indicated that the Fed had the necessary tools to control inflation, and disinflation had begun.

Powell’s comments suggested that there would be no significant changes to the Fed’s future rate increase strategy, despite a strong January jobs report. 

Core PCE Price Index (23 February)

In December 2022, the US Core PCE price index, excluding food and energy, increased by 0.3% on a month-on-month basis, compared to the 0.2% growth seen in the previous month.

Analysts predict that the US Core PCE Price Index will increase by 0.2% this month.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com

This week, investors and economists will be closely monitoring the latest Consumer Price Index (CPI) data releases from the US and the UK. The CPI is an important economic indicator that measures the changes in the prices of goods and services that households purchase. As it provides insight into the overall inflation trend, the data release has a significant impact on financial markets and central bank policies. 

With inflation being a hot topic in recent months, traders and analysts alike will be eager to see if the numbers will continue to trend upward or if they will show a slowdown.

Here are key market events for the week ahead:

Switzerland’s Consumer Price Index (13 February)

In December 2022, Switzerland’s CPI saw a decline of 0.2% compared to the previous month. This drop showed a decrease in the annual inflation rate, which fell to 2.8% year-on-year in December 2022, marking the lowest inflation rate recorded in Switzerland since April 2022.

Looking ahead to January 2023, analysts are forecasting another decrease in Switzerland’s CPI of 0.1%. This decrease is expected to bring down the annual inflation rate further to 2.7%. 

UK Claimant Count Change (14 February)

The UK saw a rise in the number of people claiming unemployment benefits in December 2022, with a total increase of 19,700 claims compared to the previous month of November 2022, which saw a rise of 16,100 claims.

For January 2023, analysts forecast a drop in claims with an estimated 12,000 new claims expected. While the UK continues to face challenges in the labor market, this expected decrease in claims could indicate a positive shift towards job stability and economic recovery.

US Consumer Price Index (14 February)

US CPI saw a decrease of 0.1% in December 2022 compared to the previous month, marking the first time the CPI has declined since May 2020. This decrease led to a slowdown in the annual inflation rate, which fell to 6.5% in December 2022, and marks the sixth consecutive month of slowing inflation and is the lowest reading since October 2021.

Analysts are forecasting a slight increase in the US CPI for January 2023, with an expected 0.4% month-on-month growth. The annual inflation rate is expected to be slower at 6.3%. 

UK Consumer Price Index (15 February)

UK CPI dropped to 10.5% in December 2022, down from 10.7% in November. This marks the second month of slowing inflation, with a rate of 10.5% being the lowest in three months after reaching a peak of 11.1% in October.

Analysts forecast that the UK annual inflation rate will continue to slow down to 10.3% this month.

US Retail Sales (15 February)

Retail sales in the US decreased by 1.1% in December 2022 compared to the previous month, after an earlier revised decrease of 1% in November.

Analysts predict a modest increase in US retail sales this month, with an estimated growth of 0.6%.

US Empire State Manufacturing Index (15 February)

The New York Empire State Manufacturing Index showed a significant decline, reaching a low of -32.9 in January 2023. This represents the fifth-worst contraction ever in business activity in the state of New York.

Analysts forecast a slight improvement for February 2023, with an expected reading of -19.

US Producer Price Index (16 February)

In December 2022, producer prices in the US decreased 0.5% month-on-month, following a 0.2% increase in November, marking the largest monthly decline since April 2020. This suggests that inflationary pressure in the US is cooling.

Analysts predict another 0.4% drop in US PPI for January 2023.

Dear Client,

Warmly reminds you that the component stocks in the stock index spot generate dividends. When dividends are distributed, VT Markets will make dividends and deductions for the clients who hold the trading products after the close of the day before the ex-dividend date.

Indices dividends will not be paid/charged as an inclusion along with the swap component. It will be executed separately through a balance statement directly to your trading account, the comment for which will be in the following format “Div & Product Name & Net Volume ”.

Please note the specific adjustments as follows:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com

VT Markets and investfox have formed a strategic partnership with a goal to deliver a better experience for traders and investors in the financial market. VT Markets is committed to providing its clients with a full range of trading products and services that meet their diverse needs, including currencies, stocks, commodities, metals, energies, and indices. The company’s key objective is to constantly strive for improved customer satisfaction through low trading fees, top-notch platforms, and professional customer support.

On the other hand, investfox is an educational platform designed to make it easier for readers to choose the best brokers. The website offers a variety of resources for both beginner and advanced traders, including trading guides, articles on cryptocurrency, financial news, and comparisons of various brokerages. It places a strong emphasis on the safety and security of traders’ capital and offers in-depth reviews of brokers based on several key factors, such as safety and regulations, trading instruments, fees, customer support, and more.

The partnership between VT Markets and investfox aims to create a mutually beneficial relationship that will lead to increased success for both companies. investfox will benefit from increased visibility and a wider audience, while VT Markets will have access to investfox’s highly engaged user base. The two companies are confident that the partnership will bring more traders to VT Markets and create more value for readers of investfox.

The VT Markets review by investfox is expected to be published soon, and traders and investors are advised to stay tuned for updates.

About the Company:

VT Markets is a regulated multi-asset broker with a presence in over 160 countries. The broker has won many international accolades including Best Customer Service and Fastest Growing Broker. Its mission is to make trading an easy, accessible, and seamless experience for everyone.

The upcoming week will bring much anticipation for the financial community as the Reserve Bank of Australia (RBA) is set to announce its latest monetary policy decision. The central bank has been on a streak of consecutive rate hikes, but speculation has been brewing about whether or not it will continue this trend. 

With the economy showing signs of growth and inflation pressures on the rise, many are asking: will the RBA raise rates this month?

Here are the key market events for the week ahead:

RBA Rate Statement (7 February)

The RBA raised the cash rate by 25bps to 3.1% in its last meeting of 2022, its eighth consecutive hike. 

Analysts anticipate RBA to increase rates by 20bps to 3.3% this month.

UK Monthly Gross Domestic Product (GDP) (10 February)

The British economy saw a growth of 0.1% in November, a decrease from October’s 0.5%. 

Analysts predict a 0.1% decrease in the UK (GDP) for December 2022. 

Canada Employment Change (10 February)

The Canadian economy saw the creation of 104,000 jobs in December 2022, with an unemployment rate of 5%, the lowest since hitting a record-low of 4.9% in June and July. The unemployment rate dropped from 5.1% in November. 

Analysts forecast a smaller increase of 15,000 jobs in January and a slightly higher unemployment rate of 5.2%.

US Prelim University of Michigan Consumer Sentiment (10 February)

The University of Michigan consumer sentiment for the US was revised upward to 64.9 in January 2023, the highest it has been since April 2022, from a preliminary reading of 64.6. 

Analysts anticipate the data to be around 65 for this month.

Dear Client,

Warmly reminds you that the component stocks in the stock index spot generate dividends. When dividends are distributed, VT Markets will make dividends and deductions for the clients who hold the trading products after the close of the day before the ex-dividend date.

Indices dividends will not be paid/charged as an inclusion along with the swap component. It will be executed separately through a balance statement directly to your trading account, the comment for which will be in the following format “Div & Product Name & Net Volume ”.

Please note the specific adjustments as follows:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact cs@vtmarkets.com.

The US jobs data and rate statements from the Bank of England (BoE) and the European Central Bank (ECB) are currently the focus of attention for many market participants. These announcements have the potential to significantly impact global financial markets, as they provide insights into the health of the respective economies and monetary policy decisions. 

With traders, investors, and economists eagerly awaiting these updates, the release of these data points is sure to cause market volatility.

Here are the key events for the week ahead:

Canada Gross Domestic Product m/m (31 January)

Canada’s economy grew 0.1% in October 2022, surpassing the earlier estimate of no growth. This marks a slowdown from the previous month’s 0.2% growth.

Experts predict no change in Canada’s economy in December 2022, forecasting 0% growth from November.

US ADP Non-Farm Employment Change (1 February)

The US private sector added 235,000 jobs in December 2022, surpassing November’s figure of 182,000. However, January is predicted to see a decline with only an additional 131,000 new jobs.

US ISM Manufacturing PMI (1 February)

The US ISM Manufacturing PMI declined to 48.4 in December 2022, marking the second consecutive month of contraction. This shift in spending from goods to services caused the decline. 

For January, analysts predict a PMI of 48.

FOMC Meeting and Rate Decision (1 February)

During the final Federal Open Market Committee (FOMC) meeting in December 2022, the US Fed increased the fed funds rate by 50bps to 4.25%-4.5%. Analysts predict a similar increase of 50bps this month.

BoE Monetary Policy Report (2 February)

At its December 2022 meeting, the BoE raised interest rates by 50bps to 3.5% with a 6-3 vote. This decision was made to control inflation and counteract concerns of an impending recession. Analysts anticipate the BoE will make another 50bps increase in this meeting.

ECB Monetary Policy Statement (2 February)

The ECB plans to raise interest rates by 50bps in February and March, with additional increases to follow. Analysts predict another 50bps increase this month.

US Non-Farm Employment Change (3 February)

In December 2022, the US economy experienced job growth of 223,000, the lowest since December 2020. The unemployment rate decreased to 3.5%. 

For January, analysts anticipate job growth of 175,000 and a slightly higher unemployment rate of 3.6%.

US ISM Services PMI (3 February)

In December 2022, the US ISM Services PMI dropped from 56.5 in November to 49.6. Analysts expect the PMI to remain in the 49-50 range this month.

Dear Client,

Warmly reminds you that the component stocks in the stock index spot generate dividends. When dividends are distributed, VT Markets will make dividends and deductions for the clients who hold the trading products after the close of the day before the ex-dividend date.

Indices dividends will not be paid/charged as an inclusion along with the swap component. It will be executed separately through a balance statement directly to your trading account, the comment for which will be in the following format “Div & Product Name & Net Volume ”.

Please note the specific adjustments as follows:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact cs@vtmarkets.com

VT Markets, a next-generation multi-asset broker, has announced a brief roadmap of its plans for the year ahead. The broker has revealed an impressive lineup of strategies that aim to expand its market access, bolster its brand presence and improve clients’ trading efficiency.

An initiative clients are especially looking forward to is the exclusive 1:1000 leverage ratio for gold and forex products. Such an offer is unique only to VT Markets’ clients within the SEA region, and this will allow traders to have further control and flexibility over their investments. 

With the recent upgrade of the VT Markets App, traders can easily access 1000+ assets with high speed, transparency and fund safety. The new built-in features enable traders to monitor the financial markets on-the-go and in real-time, and execute trades with ease. The broker also has a strategic plan in place to partner with TradingView and Acuity to offer better services to its global clientele. By further tapping on innovative technologies, utilising advanced trading features and maintaining stringent safety protocols, VT Markets has all the necessary tools available to help traders maximise their profits while minimising risk. 

In order to bolster its brand presence, VT Markets has plans to revamp its websites and social media channels to maximise user experience. Apart from uplifting the brand’s image, such a move will also provide customers better access to stay informed about all things trading – from news to offerings, and promotions.

On a whole, the international broker has set its sights on further growth, by expanding its operations and achieving greater market penetration on a global scale. VT Markets is actively hiring personnel to ensure sufficient resources are available for all areas of operation throughout the different offices. 

VT Markets maintains an optimistic outlook for 2023, and are confident that its growth this year will surpass that of 2022. A representative of VT Markets said, “Despite the expected global recession in 2023, we are forecasting that our trading volume and the total number of traders will grow by at least 100%. With our bold strategies and expansion plans, we’re confident of maintaining our position at the forefront of the financial industry and setting the standard for others.”

About the Company:

VT Markets is a regulated multi-asset broker with a presence in over 160 countries. The broker has won many international accolades including Best Customer Service and Fastest Growing Broker. Its mission is to make trading an easy, accessible, and seamless experience for everyone.