Dear Client,

To provide a favourable trading environment to our clients, VT Markets will modify the trading setting of all share CFDs on Apr 22, 2024:

1. All US Shares products leverage will be adjusted to 20:1.

2. MT5 All Shares products: New positions open within 30 minutes before market closing and after market opening will start with a leverage of 5:1. After the mentioned period, the leverage will be resumed to original leverage and will not be adjusted back to 5:1.
MT4 will not be affected.

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

Friendly reminders:

1. All specifications for Shares CFD stay the same except leverage during the mentioned period.

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.

CURRENCIES

GBP/USD Performance Analysis:

• The GBP/USD currency pair continues to decline amid signs of a weakening UK labor market.
• Unemployment in the UK rose to 4.2% in February, exceeding expectations and the previous month’s rate.

UK Labor Market and Wage Trends:

• Average earnings, including bonuses, held steady at 5.6%.
• Earnings excluding bonuses saw a slight decline, dropping 0.1% to 6.0%.

Upcoming Economic Reports and Impact:

• A critical UK inflation report for March is anticipated to significantly influence the British Pound’s short- to medium-term outlook.
• Inflation is expected to decrease from 3.4% in February to 3.1% in March, moving closer to the Bank of England’s target of 2%.

Bank of England’s Rate Cut Expectations:

• Market expectations suggest a 60% chance of a 25 basis point rate cut at the BoE’s August 1st meeting, contingent on further inflation reductions.

Technical Analysis of GBP/USD:

• The pair has broken below key support levels, including 1.2547 and 1.2500, showing potential to test further supports at 1.2381 and 1.2303.
• Recent price action has moved below all three simple moving averages, indicating bearish sentiment.

Trader Sentiment and Market Outlook:

• IG Retail data indicates a high ratio of traders are net-long on GBP/USD, which historically suggests possible further declines in the pair’s price.

STOCK MARKETS

Tesla Announces Major Staff Reductions:

• Tesla has confirmed a reduction of more than 10% in its global workforce, impacting at least 14,000 employees.

Context Behind Layoffs:

• The layoffs follow a disappointing Q1 delivery report where Tesla missed consensus estimates significantly.
• The company reported its first year-over-year quarterly decline in deliveries since 2020.

Analyst Insights on Tesla’s Layoffs:

• Dan Ives of Wedbush Securities describes the layoffs as a necessary but ominous sign for Tesla, suggesting difficult times ahead due to softer global demand.
• Ives maintains a $300 price target and a Buy rating on Tesla stock.

Stock Impact and Financial Outlook:

• Tesla’s stock fell by 5.6% to its lowest closing level in nearly a year following the announcement.
• The company is feeling the impact of a slowdown in EV demand both in the US and globally.

Upcoming Earnings Report:

• Tesla is expected to provide more details on the layoffs, their financial implications, and the outlook on demand in their earnings report on April 23.

Industry Perspective:

• CFRA analyst Garrett Nelson noted that while layoffs indicate a slowdown in the EV market, Tesla’s cost reduction efforts could positively affect the company’s bottom line.

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.

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.

Dear Client,

To provide a more favorable trading environment for our clients, VT Markets will have adjustments for the TRY products on April 22, 2024.

Please check the details below:

1. EURTRY and USDTRY leverage will be adjusted from 5:1 to 20:1

2. EURTRY and USDTRY trading will be set to Full Access, which is available for opening/closing positions.

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.

The above data is for reference only, please refer to the MT4 and MT5 platforms for the updated data.

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

Dear Client,

To provide you with more diverse trading options, VT Markets will launch 2 new products on 22nd April 2024.

You can trade the world’s popular products on Meta Trader 4 and 5 with the following specifications:

The above data is for reference only, please refer to the MT4 and MT5 platforms for the updated data.

Friendly reminders:

1. Please refer to the MT4 and MT5 platforms for the specific swap rate.

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

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.

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.

CURRENCIES

Overview of Market Trends: In the past week, gold prices spiked, the U.S. dollar soared, and the EUR/USD and GBP/USD pairs slumped.

U.S. Inflation Developments: U.S. inflation rates have risen, leading to a reduction in expectations for interest rate cuts. Originally anticipated rate cuts are now expected no earlier than the third quarter.

U.S. Dollar and Treasury Yields: The reassessment of U.S. interest rates has resulted in a sharp increase in the U.S. dollar and multi-month highs in U.S. Treasury yields.

Gold and Silver Prices: Despite high U.S. interest rates, gold reached new all-time highs before experiencing a significant drop. Silver also displayed high volatility, peaking before falling by the end of the week.

Currency Pairs Analysis: Renewed strength in the U.S. dollar has pushed the EUR/USD and GBP/USD to five-month lows.

Key Economic Events Next Week: Important upcoming events include U.S. retail sales, UK inflation and labor data, and economic sentiment indicators from Germany and the Euro Area.

Special Mention – Apple: Apple’s stock rose sharply after announcing an update to its MacBook line with the new M3 chip, approaching a key resistance level.

STOCK MARKET:

Key Market Insights for the Week:

• Anticipation of more bank earnings including those from Bank of America, Goldman Sachs, and Morgan Stanley.
• Netflix and United Airlines will also present their quarterly reports.
• A focus on retail sales with the March update scheduled for release on Monday.

Economic Climate Overview:

• Increased market anxiety due to persistent inflation may delay Federal Reserve rate cuts.
• Economists are now predicting the Fed to hold interest rates steady until at least fall 2024, with a potential rate cut possibly delayed until December.

Bank Earnings Reports:

• Recent earnings from JPMorgan Chase, Wells Fargo, and Citigroup showed a dip in net interest income, underwhelming market expectations.
• Upcoming earnings from additional major banks will provide further insights into the impact of higher interest rates on the financial sector.

Consumer Spending Trends:

• Despite previous declines, retail sales are expected to have risen by 0.4% in March, following a rebound in February.
• Continued strong wage growth suggests consumer spending might remain robust.

Market Strategy and Expectations:

• Financial markets and strategists are closely monitoring company earnings for signs of demand resurgence and revenue growth, which are critical for sustaining the market rally.
• Earnings performance this season is deemed “critical” for market optimism, amidst a backdrop of cautious economic forecasting.

Open a live account and start trading now!

As the third week of April 2024 approaches, financial markets and policymakers around the globe are gearing up for a series of important economic reports. These releases are expected to provide valuable insights into the state of inflation, employment, and retail activity across major economies. Each day brings a new set of data that could influence global economic policies and investment strategies. Here’s a detailed breakdown of the key reports to watch each day:

Canadian inflation rate

The focus on Tuesday will be on Canada, where the annual inflation rate in February 2024 slowed to 2.8% from 2.9% in January, marking the lowest rate since June 2023. Analysts are projecting a further decline to 2.7% for March, with these figures set to be released on 16 April. This data could influence future monetary policy decisions by the Bank of Canada as it navigates economic stability.

UK inflation rate

Attention shifts to the United Kingdom on Wednesday, where the inflation rate showed a reduction to 3.4% year-on-year in February 2024, down from 4% in the previous months. With analysts forecasting a further drop to 3.1% in March, the upcoming release will be critical for policymakers and could impact the Bank of England’s monetary strategies.

Australia employment change

Midweek will bring insights from down under, as Australia reports its employment data. February saw a robust increase in employment by 116.5K. However, projections for March are more conservative, with an expected rise of only 7.2K. This data, crucial for assessing the health of the Australian economy, is set to be released on 18 April and will likely influence the Reserve Bank of Australia’s future decisions.

UK retail sales

The week continues with more data from the UK, specifically retail sales figures on Friday. Following a stable February with unchanged retail sales volumes after a 3.6% increase in January, analysts are predicting a modest increase of 0.3% in March. This indicator will provide further clues about consumer confidence and spending, which are essential for economic recovery assessments.

Each of these indicators not only reflects the economic conditions within their respective countries but also contributes to the broader global economic narrative. As policymakers, investors, and analysts await these updates, the implications for global financial markets and future economic policies will be significant. The data released throughout the week will offer vital clues on the direction of global economic recovery and growth in 2024.