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.
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.
Sydney, Australia, 27 March 2024 – Global multi-asset broker VT Markets recently successfully participated in the World Affiliate Dubai conference, a prestigious event brought together global top affiliate marketers and ecommerce entrepreneurs to network and exchange professional insights among peers.
The abovementioned event, along with the Smart Vision Summit Oman 2024 in mid-February, where VT Markets picked up the Best Forex Introducing Broker Provider award, are key events in the region that serve the fintech community by facilitating the exchange of information, while providing a platform for key industry players to showcase their innovations and solutions to the public. These engagements signify an integral part of VT Markets’ strategic growth plans in the MENA region.
In addition to active participation in industry events, VT Markets recently achieved notable recognition at the International Business Magazine Awards 2024, securing three prestigious accolades: Best Multi-Asset Broker MENA 2024, Most Reliable Trading Platform MENA 2024, and Most Transparent Forex Broker MENA 2024. A spokesperson for VT Markets commented, “Winning these awards underscores our unwavering commitment to delivering trading excellence to our clients, with reliability and transparency as our guiding principles.”
VT Markets is committed to providing comprehensive and unparalleled client experiences, including personalized account management and priority customer support. Further elevating the experience, private luxury car commutes are made available for client consultations, ensuring clients enjoy seamless financial journeys in every way.
Looking ahead, VT Markets remains proactive in its engagement with the MENA region, with plans to participate in the upcoming Brokersview Expo on April 16th, 2024. This global event, which integrates resources from the financial sector, further solidifies VT Markets’ ongoing commitment to the MENA region as it continues its momentum into the second quarter of 2024.
About VT Markets:
VT Markets is a regulated multi-asset broker with a presence in over 160 countries. To date, it has won numerous international accolades including Best Customer Service and Fastest Growing Broker.
In line with its mission to make trading accessible to all, VT Markets currently offers unfettered access to over 1,000 financial instruments and a seamless trading experience via its award-winning mobile app.
GBP/USD Movement: The British Pound has slightly risen above 1.26 against the US Dollar, fueled by anticipation of interest rate reductions by the Federal Reserve in June.
Market Sentiments: Confidence is high among investors that the US will commence lowering borrowing costs in June, with over a 70% probability indicated by the Chicago Mercantile Exchange’s Fedwatch tool.
Federal Reserve Signals: Statements from the Federal Reserve have led markets to expect a drop in borrowing costs this year, contingent on sustained inflation decreases.
Bank of England Stance: While hinting at reaching the peak of interest rates, the Bank of England suggests it might not cut rates before the US, considering persistent inflation issues.
UK’s Economic Indicators:
Fitch upgraded the UK’s credit rating from ‘negative’ to ‘stable.’
Retail sales in January remained steady despite adverse weather conditions, contradicting economists’ expectations of a decline.
The UK is seen as gradually recovering from a mild recession, presenting a slightly more positive outlook than initially predicted.
Upcoming Economic Data:
US Durable Goods orders, set to be released on Tuesday, will be a key focus for GBP/USD traders.
The UK’s final GDP figures for the fourth quarter will be announced on Thursday, adding to this week’s significant economic updates.
Top of Form
STOCK MARKET:
Key Highlights:
Tesla’s New Promotion: Tesla introduces a one-month free trial of its Full Self-Driving (FSD) technology to U.S. customers.
CEO Announcement: Elon Musk, Tesla’s CEO, announced the trial offer on the social media platform X, aiming to boost sales and margins amid decreasing demand and competitive pricing pressures.
Product Details and Challenges: Despite being marketed at $12,000, FSD has yet to achieve full autonomy as promised by Musk, facing regulatory and safety scrutiny.
Implementation Strategy: Musk instructed Tesla employees to demonstrate FSD features to new buyers and serviced vehicle owners, emphasizing its capabilities in internal communications.
Consumer Response: The uptake of FSD among Tesla customers has decreased, dropping from 53% in Q3 2019 to 14% in Q3 2022 according to researcher Troy Teslike.
Financial Impact: Aggressive price cuts and declining FSD sales have significantly affected Tesla’s profit margins, with the company also anticipating lower delivery growth for the year due to a focus on new electric vehicle (EV) production.
Analyst Perspective: Industry analysts view the FSD demonstration mandate as one of Musk’s tactics to improve quarterly sales figures and revenues, amidst challenges.
Subscription Option: Tesla also offers FSD as a subscription service for $199 a month, highlighting that the technology requires driver supervision and does not fully automate the vehicle.
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.
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.
In response to the upcoming high market volatility for TRY Forex during the Turkish election, there will be adjustments for the products on March 28, 2024. Please check the details below:
1. EURTRY and USDTRY leverage will be adjusted from 20:1 to 5:1
2. EURTRY and USDTRY will be set to close only effective on March 28, 2024
Friendly reminders:
1. All product settings stay the same except for the above adjustments.
2. The margin requirement of the trade may be affected by this adjustment. Please make sure the funds in your account are sufficient to hold the position before this adjustment.
If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.
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.
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.
As we approach the end of March 2024, the world’s economic eyes are set on key indicators that are poised to shed light on the health and direction of major economies, including Australia, Canada, and the United States. These indicators, ranging from consumer prices and GDP growth to housing market dynamics and core inflation rates, are critical barometers for financial markets and policy decision-making. Here’s a brief overview of what’s expected in the coming days.
Australia’s Consumer Price Index Holds Steady
On the Australian front, the Consumer Price Index (CPI), a measure of inflation reflecting the annual price change of goods and services, remained stable at 3.4% in the year to January 2024, mirroring the figure from the previous month. This steadiness suggests a consistent economic environment down under. However, eyes are now on the upcoming CPI release for February 2024, anticipated on 27 March, with analysts forecasting a slight uptick to 3.6%. Such an increase, if realized, could signal mounting inflationary pressures within the Australian economy.
Canada’s Economic Growth: A Subtle Uptick Expected
Moving to Canada, the Gross Domestic Product (GDP), the broadest measure of economic activity, showed no growth in December, falling short of the preliminary estimates that had predicted a 0.3% advance. This stagnation has placed increased importance on the upcoming January 2024 GDP figures, expected to be disclosed on 28 March 2024. Analysts remain optimistic, projecting a modest growth of 0.2%, which could mark a turnaround for the Canadian economy if achieved.
U.S. Economic Performance and Housing Market Dynamics
In the United States, the final GDP numbers for Q4 2023 revealed a 3.2% annualized growth rate, slightly below the advance estimate of 3.3% but following a robust 4.9% growth rate in Q3. The focus now shifts to the first quarter of 2024, with the GDP figures due on 28 March 2024. Analysts are aligning their forecasts with the previous quarter’s performance, expecting a 3.2% growth rate.
Simultaneously, the U.S. housing market seems to be experiencing turbulence. January 2024 saw a significant 4.9% drop in pending home sales, marking the largest decline since August 2023. The forecast for February, however, suggests a potential rebound, with a 1.5% increase in pending home sales anticipated when the data is released on 28 March 2024.
Core Inflation in the U.S.: A Close Watch
Lastly, the U.S. core Personal Consumption Expenditures (PCE) price index, which excludes volatile food and energy prices and is closely watched by the Federal Reserve, increased by 0.4% from the previous month in January 2024. This uptick was the most significant since February 2023. The upcoming release on 29 March 2024, for February’s figures, is predicted to show a slightly lower growth rate of 0.3%. This slight deceleration could signal easing inflationary pressures, a development likely to be closely scrutinized by policymakers and investors alike.
As we await these economic indicators, their collective outcomes will not only reflect the current state of affairs but also hint at the global economic trajectory for the months ahead.
VT 
