Week ahead: Markets to Focus on US CPI, PPI and Retail Sales and Bank of Canada Rate Statement

As we begin a new week, the financial world is buzzing with anticipation of some economic reports. All eyes will be on the Bank of Canada Rate Statement and FOMC Meeting Minutes, alongside the eagerly awaited CPI, PPI and Retail Sales data release in the US. These reports are crucial for traders navigating the markets and making informed decisions. 

Here are key events to watch out for:

Consumer Price Index (CPI) | US (April 12)

The CPI in the US rose 0.4% month-on-month in February 2023, after rising 0.5% in January.

For March, analysts expect the reading to increase by 0.3%

Bank of Canada Rate Statement | (April 12) 

As previously signalled, the Bank of Canada kept its overnight rate target steady at 4.5% during its March 2023 meeting.

The central bank stated that it intends to maintain the current rate if the economic conditions align with the latest Monetary Policy Report’s expectations. 

FOMC Meeting Minutes | US (April 13)

The Fed raised the fed funds rate by 25bps to 4.75%-5% in March 2023, matching the February increase, and pushing borrowing costs to new highs since 2007, as inflation remains elevated.

The decision came in line with expectations from most investors, although some believed the central bank should pause the tightening cycle to shore up financial stability.

Employment Change | Australia (April 13)

Employment in Australia created an additional 64,600 jobs to reach 13.83 million in February 2023, surpassing market predictions of 48,500, following a downward revision of 10,900 jobs in the previous month.

Analysts expect employment will add 20,000 jobs in March 2023.

Gross Domestic Product (GDP) | UK (April 13)

The British economy expanded 0.3% month-on-month in January 2023, partially bouncing back from a 0.5% contraction in December when strikes halted business activities.

For February 2023, analysts expect the UK GDP to expand further by 0.2%.

Producer Price Index (PPI) | US (April 13)

Producer prices for final demand in the US fell 0.1% month-on-month in February 2023.

For March, analysts expect the US PPI to go up by 0.1%. 

Retail Sales | US (April 14)

Retail sales in the US were down 0.4% month-on-month in February 2023, following an upwardly revised 3.2% surge in January.

For March 2023, analysts expect US Retail Sales to contract by 0.4%.

Prelim University of Michigan Consumer Sentiment (April 14)

The University of Michigan revised the US consumer sentiment downwards to 62 in March 2023 from the preliminary figure of 67. This marks the first decrease in sentiment in four months, as consumers anticipate an upcoming recession.

For April 2023, analysts the data to stand at 62.7.

Weekly Dividend Adjustment Notice – April 06, 2023

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

VT Markets announces charting partnership with TradingView

Sydney, Australia, April 3, 2023 – VT Markets, a global multi-asset broker, has announced its partnership with TradingView, the world’s leading provider of charting and analytical tools with over 50 million users.

The combination of VT Markets’ expertise in the financial industry along with TradingView’s cutting-edge technological tools ensures that traders have access to the best resources available when making crucial trading decisions. Through this partnership, VT Markets’ clients will be able to benefit from TradingView’s comprehensive market research data and advanced financial visualisation tools. Additionally, TradingView provides a multitude of expert tools for traders, such as multiple chart types, customisable technical indicators, drawing tools, and live market updates.

A wide range of assets, such as Forex, Stocks and CFDs, now can be seamlessly traded on TradingView charts without leaving the VT Markets platform. This integration will allow users to conduct top technical analysis for better investment strategies and enjoy an enhanced trading experience.

A representative of VT Markets said, “We’re delighted to be partnering with TradingView. As a technology-driven broker, we’re always looking for ways to simplify our clients’ trading experience while maximising their trading results. This collaboration further strengthens our commitment towards providing them with access to innovative technologies and premium services that enable them to stay ahead of the market”.

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. Their mission is to make trading an easy, accessible, and seamless experience for everyone.   

For more information, please contact media@vtmarkets.com 

Weekly Dividend Adjustment Notice – March 30, 2023

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

Week ahead: Markets to Focus on German Prelim CPI and US Core PCE Price Index

As the first quarter of 2023 draws to a close, many countries are gearing up to release some major economic data. The US is scheduled to publish its Consumer Confidence (CPI) and Core PCE Price Index reports, while Australia and Germany will be releasing their CPI data. With investors and traders globally eagerly waiting for these reports, you can expect some serious market movements. 

Here are key events to watch out for:

CB Consumer Confidence | US (March 28)

The US CB Consumer Confidence fell to 102.9 in February 2023.

Analysts anticipate it to drop further to 101 in March 2023.

Consumer Price Index (CPI) | Australia (March 29)

Australia’s monthly CPI rose 7.4% in January 2023, but still lower than the 8.4%  rise for the year to December 2022, signifying stubborn high inflation. 

For February 2023, analysts expect it to increase by 7.6%.

Prelim Consumer Price Index (CPI) | Germany (March 30) 

The CPI in Germany increased 0.8% in February 2023, easing from a 1% rise in the previous month.

For March 2023, analysts expect the index to increase by 1.5%.

Gross Domestic Product (GDP)  | Canada (March 31) 

Canada’s GDP shrank by 0.1% in December 2022, following a 0.1% increase in November 2022. Analysts expect the Canadian economy to increase by 0.3% in January 2023.

Core PCE Price Index | US (March 31)

Core PCE prices in the US, which exclude food and energy, jumped by 0.6% month-on-month in January 2023, the most since August, following an upwardly revised 0.4% increase in the previous month.

For February, analysts expect the index to increase by 0.6%.

VT Markets hosts extravagant Gala to celebrate collaborative success in the South-east Asia region

Sydney, Australia, March 25, 2023 – VT Markets, a next-generation multi-asset broker, hosted their highly anticipated Gala Event in Bangkok, Thailand on 11 March, 2023. The function was held to celebrate the brokerage’s success in 2022 and to reaffirm their strong ties with key partners in the Southeast Asia region.

The night was filled with mesmerising live performances, lucky draws and incredible prizes. During the Awards and Gala Night segment, VT Markets expressed gratitude to their partners, clients and stakeholders for their collaborative efforts that enabled the brokerage to maintain their competitive edge and achieve record-breaking milestones. Their partners were honoured for their exceptional contributions to the success of VT Markets in the region, making it a truly unforgettable experience for all attendees.

“We are immensely proud of our achievements in 2022 and this Gala Event serves as a token of our appreciation to our dedicated partners and clients who have contributed to our remarkable success,” said the Managing Director of VT Markets. “This year, we’re excited to introduce a series of new products and services designed to further enhance the trading experience of our clients while cementing our position as a trusted partner in Southeast Asia. We also look forward to having more such events around the world.”

On the back of the overwhelmingly positive feedback, VT Markets plans to expand the event to accommodate a greater number of esteemed partners and invitees, ensuring that the upcoming gala will be even more impactful and memorable.

As the company continues to grow its presence in the SEA region through strategic partnerships, it remains committed to fostering a supportive, collaborative and innovative environment where all partners thrive. This event is just one example of this unwavering commitment, solidifying the brokerage’s position as a leader in the financial services industry.

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.

For more information, visit us at our website or email media@vtmarkets.com 

Weekly Dividend Adjustment Notice – March 23, 2023

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

Week ahead: All Eyes on FOMC and BoE Rate Statement

This week, the financial world eagerly anticipates crucial events, including the FOMC meeting and the BoE Rate Statement. Additionally, vital economic data, including CPI and PPI figures, will be published by major economies like Canada and the UK. Keeping a close watch on these indicators can empower traders to make more well-informed decisions.

Here are key events to watch out for:

Consumer Price Index (CPI) | Canada (March 21)

Canada’s CPI increased 0.5% in January 2023 from the previous month. 

Analysts anticipate a 0.3% increase in February.

Producer Price Index (PPI) | UK (March 22)

The PPI in the UK fell 0.6% month-on-month in January 2023, the first decline in a year and the biggest drop since January of 2019.

Analysts expect a 0.5% increase in February.

FOMC Rate Statement (March 23)

The Fed raised the target range for Fed funds by 25bps to 4.5%-4.75% in its February 2023 meeting.

Analysts anticipate the Fed will raise another 25bps to 5% at its next meeting. 

Swiss National Bank Rate Statement | Switzerland (March 23)

The SNB brought its interest rate out of the negative territory with two rate hikes in September and December 2022, ending the year with a 1% interest rate. The central bank also indicated that future rate hikes may be required to maintain price stability over the medium term.

Analysts predict that SNB will increase interest rates by 50bps to 1.5% at this month’s meeting.

Bank of England (BoE) Rate Statement | UK (March 23)

During its February meeting, the BoE voted 7-2 to raise interest rates by 50bps to 4%.

Analysts predict that the next increase will be at 25bps to 4.25%.

UK and US Flash Services and Manufacturing PMI (March 24)

In February 2023, the UK Services PMI was revised up to 53.5 from 48.7, and the UK Manufacturing PMI was revised up to 49.3 from 47. Meanwhile, the US Services PMI came in at 50.6 during the same period, above January’s 46.8. 

Analysts anticipate lower releases of the UK Flash Manufacturing and Services PMIs for February, at 48.3 and 50.7, respectively. The US Flash Services is expected to be released lower at 50.1.

Weekly Dividend Adjustment Notice – March 17, 2023

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

Week Ahead: Markets to focus on US CPI, PPI and ECB Rate Statement 

This week, market participants are closely monitoring the release of key economic indicators in the US, including the Consumer Price Index, Producer Price Index, and Retail Sales. The Rate Statement from the European Central Bank is also expected to draw significant attention. These highly anticipated releases have the potential to cause significant fluctuations in the markets, providing valuable insights for traders to guide their decisions.

Here are key events to watch out for:

Consumer Price Index (CPI) | US (March 14)

In January 2023, the US witnessed a 0.5% month-on-month rise in consumer prices, the most in three months. 

Analysts anticipate a 0.4% increase in February.

Producer Price Index (PPI) | US (March 15)

Producer prices for final demand in the US increased 0.7% month-on-month in January 2023, the most in seven months.

Analysts expect a 0.3% increase in February.

Retail Sales | US (March 15)

Retail sales in the US unexpectedly jumped 3% month-on-month in January 2023, the biggest increase since March 2021.

For February, analysts expect a 0.2% increase.

Employment Change | Australia (March 16)

Employment in Australia unexpectedly declined by 11,500 to 13.72 million in January 2023. Meanwhile, unemployment rate unexpectedly increased to 3.7% in January 2023 from December’s near five-decade low of 3.5%.

For February, analysts estimate that 51,000 jobs will be added, while unemployment rate will be at 3.6%

European Central Bank Rate Statement (March 16)

The ECB raised its interest rate by 50bps to 3% in February 2023.

Markets have fully priced in a 50bps increase this month, with a chance of a similar hike to be delivered in May, after several policymakers backed the idea that rates will have to rise higher and stay higher for some time to bring inflation back to target.

Prelim UoM Consumer Sentiment (March 17)

The University of Michigan’s consumer sentiment for the US rose to 67 in February 2023, up from the preliminary reading of 66.4, and marking the highest level since January 2022. 

Analysts anticipate that the index for this month will be in the range of 67.5 to 68.

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