The US is scheduled to report its ISM Services PMI this week, with interest rates data from the Reserve Bank of Australia, Bank of Canada, and the European Central Bank also due. Investors also anticipate GDP and Employment condition data from Australia and Canada, respectively.

Image source: forexfactory.com 

RBA Rate Statement | 6 September 2022

The Reserve Bank of Australia (RBA) raised the cash rate by 50bps to 1.85% during its August meeting, following 50-bps hikes in July and June and 25bps in May. This brings the cash rate to a level not seen since April 2016.

According to the board, rate hikes over the past few months were necessary to bring inflation down and to create a more sustainable demand and supply, adding that it would be taking further tightening measures.

Analysts predict that RBA will raise its benchmark interest rate by another 50bps at this month’s board meeting.

US ISM Services PMI | 6 September 2022

ISM Services PMI increased more than expected in July of 2022, reaching 56.7, the highest level in three months. 

Analysts had predicted that the index would be at 54.8.

Australian Gross Domestic Product | 7 September 2022

According to the Australian Bureau of Statistics, the Australian economy expanded by 0.8% in the first quarter of 2022. This was the second consecutive quarter of growth, following a contraction in the third quarter because of the Delta outbreak. 

We expect economic activity to remain resilient during the second quarter, with additional 1.3% growth.

Bank of Canada Rate Statement | 7 September 2022 

The Bank of Canada (BoC) raised the target for its overnight rate by 1% to 2.5% on 13 July 2022, a move not seen since 1998, surprising market-watchers expecting a 75bps hike. The BoC further signalled that it would continue to hike interest rates in the coming meeting to curb rising inflation.

The BoC will likely raise its overnight rate by 25bps in September, taking its official cash rate to 2.75%.

ECB Press Conference and Interest Rate Decision | 8 September 2022 

The European Central Bank (ECB) increased its key interest rate by 50bps at its July 2022 meeting, the first increase since 2011. The move ends its eighth year of negative rates after years of keeping rates low to stimulate growth and inflation.

The European Central Bank’s policymakers said that the 50bps rate hike in July was necessary as a form of frontloading, bringing forward a policy move to increase the effectiveness of its price stability mandate. The minutes from the ECB’s July meeting said they wanted to normalise monetary policy rather than indicate a change in the rate to be expected as the end point of the normalisation cycle.

Analysts expect that ECB will raise its interest rate by another 50bps.

Canadian Employment Data | 9 September 2022

The Canadian economy lost over 30,000 jobs in July, extending the 43,000 cuts from the previous month. The unemployment rate remained at 4.9%, the lowest on record. Analysts forecast another 20,000 additional jobs for August, which would cause the unemployment rate to remain at 4.9%.

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.

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.

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.

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.

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.

Best Affiliate Programme, Ultimate Fintech Awards 2022

VT Markets, the international multi-asset broker, is proud to announce that it has clinched the “Best Affiliate Program” at the prestigious Ultimate Fintech Awards 2022, hosted by iFX EXPO International. This globally respected award recognises VT Markets’ large and trusted affiliate network across the world. 

VT Markets’ impeccable industry-leading Affiliate Partnership programme consistently delivers innovative trading product and service offerings, attractive and transparent commissions, advanced marketing and institutional solutions designed to ensure the success of its affiliates. 

Yiangos Georgiou, Director of Business Development, comments: “Fostering successful affiliate partnerships has always been one of our top priorities as we understand the importance of our international affiliates in expanding our markets globally. We are committed to developing and nurturing these partnerships to help our affiliates achieve sustainable growth as an essential part of our global expansion journey.” 

Best Mobile App Europe 2022 (Forex Division)

VT Markets won the “Best Mobile App Europe 2022 (Forex Division)” award with its recently relaunched trading app. It is recognised for creating a secure and integrated trading app that stays true to the brand promise of “Trading can be easy”.

It provides clients with real-time price alerts, performance analytics and smart signals newsletter. It gives in-depth product information with corresponding market analysis and economic news.  The enhanced user interface offers excellent accessibility and over 80 payment methods. 

An exciting new feature is “Big Movers” which alerts clients on major market shifts and trading opportunities in the previous 24 hours. The “Learn” feature provides valuable educational trading content.

Timothy Lee, Integrated App Marketing Manager comments: “VT Markets has made tremendous investments to bring significant improvements to our mobile offerings and trading platform and this is reflected in the positive feedback from our global clients since our app relaunch. We will continue to invest in innovative features to provide the most optimal trading experience for all our clients.” 

The VT Markets trading app is available for download from the Apple App Store and Google Play Store.

Other Awards

VT Markets have received numerous awards this year that recognises it as the innovative market leader in the industry:

• Best Forex Broker Europe 2022, International Business Magazine
• Best Partnership Programme Global 2022, Global Business Review Magazine
• Best Customer Support UK 2022, World Business Outlook Awards

VT Markets relaunches its secure and integrated trading app that offers a seamless online mobile experience. It is designed using the updated technologies to provide clients with the most optimal trading experience with real-time price alerts, performance analytics and smart signals newsletter. Clients benefit from in-depth information about their desired trading product with corresponding market analysis and economic news. They get a weekly summary which provides an analysis of their trading portfolio and performance.

The enhanced user interface offers excellent accessibility. They can easily access their trading positions, accounts, deposits, funds and coupons, place orders and gain access to over 80 payment methods in different countries. Clients can trade on the move and never miss a trading opportunity. 

An exciting new feature is “Big Movers” which alerts clients on major market shifts, economic news highlights and trading opportunities in the previous 24 hours. This gives key market insights and analysis to a tech savvy audience to empower them to make more informed and timely trading decisions. VT Markets invests in the success and learning journey of its clients by developing an extensive “Learn” feature in the app to provide valuable educational content to continuously expand their trading knowledge and expertise. 

Timothy Lee, Integrated App Marketing Manager comments: “VT Markets has made tremendous investments to bring significant improvements to our mobile offerings and trading platform and this is reflected in the positive feedback from our global clients since our app relaunch. We are delighted to receive Best Mobile App Europe 2022 and will continue to invest in innovative new features to deliver top-class customer service to our clients allowing them to trade with ease wherever they are. With a clear vision of a multi-asset global trading app and more exciting features like in-app promotions and educational videos planned for the upcoming months, we strive to provide the most optimal trading experience and make trading easy for all our clients.” 

The VT Markets trading app is available for download from the Apple App Store and Google Play Store.

About VT Markets

VT Markets is a global, regulated, multi-asset broker with experience and expertise in financial markets in over 160 countries. It believes that trading should be accessible and easy and aims to provide their clients with a superior and trusted trading environment, offering true ECN accounts with raw spreads, a powerful client portal, and a 24/7 award-winning customer service.   

Its next generation platform makes it effortless to invest in more than 1000 assets, including forex, commodities, indices, and CFD shares with transparency and safety. From gold to FX currencies, trades are executed with lightning-fast speed to guarantee low latency orders and improve chances of profitability. It strives to establish its international branding as the innovative market leader in the trading industry. 

The US market is focusing on Non-Farm employment figures this week. The economy added 372,000 payrolls in June of 2022, which is higher than the market forecast of 268,000. Meanwhile, the July projection is at 255,000 additional jobs.

US unemployment rate remains the same in June 2022 at 3.6%, which is similar to the previous months and remains the lowest since February. Market projections are still at 3.6%.

Investors are also keenly anticipating the interest rate decisions of two major central banks: the Bank of England (BoE) and the Reserve Bank of Australia (RBA).

The Bank of England announced its fifth consecutive interest rate hike in June 2022, with a primary bank rate of 25bps to 1.25%, the largest in 13 years to battle inflation. BoE is committed to decreasing inflation to 2%.

BoE also anticipates an inflation rate of above 9% in the following months and above 11% in October. Meanwhile, the Gross Domestic Product (GDP) growth is expected to go down in the first half of the forecast year, which may lead to a 25bps hike in August.

The Reserve Bank of Australia increased its cash rate by 50 bps to 1.35% in July, following the 50bps hike in June and 25bps hike in May. According to the board, there is no need for massive monetary support given the economy’s strength and price pressures. In addition, they are committed to strengthening the amount and timing guided by incoming data. Market analysts forecast a 50bps hike in August.

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.