The US will release the Non-Farm Employment Change and FOMC Meeting Minutes this week. 

The Non-farm Employment Change is expected to show a total of 220,000 jobs added in December, down from the 263,000 jobs added in November. Forecasters also expect the Unemployment Rate to remain unchanged at 3.7%. 

Meanwhile, the Minutes from the Federal Open Market Committee will shed further light on policy intentions going forward.

Here are the key market events for the week ahead:

Swiss Consumer Price Index (4 January)

The Consumer Price Index in Switzerland stood at 0% in November of 2022, unchanged from the previous month. 

Analysts expect the index to decrease by 0.3% in December.

US ISM Manufacturing PMI (4 January)

The US Institute for Supply Management’s Manufacturing Purchasing Managers Index fell to 49 in November 2022 from 50.2 in October, its first contraction since May 2020.

Analysts expect the index to remain at 49.

US JOLTS Job Openings (4 January)

US job openings dropped by 353,000 to 10.3 million in October 2022, according to the JOLTS report. This may indicate that demand for workers has started to slow amid a softer economic forecast and higher interest rates.

Analysts expect that the number of available jobs will decrease more in November to 10.1 million.

FOMC Meeting Minutes (5 January)

In its last monetary policy meeting of 2022, the Federal Reserve raised the fed funds rate by 50bps to 4.25%-4.5%. This was its seventh consecutive rate hike.

The Fed expects that interest rates would reach 5.1% in 2023, 4.1% in 2024, and 3.1% in 2025.

ADP Non-Farm Employment Change (5 January)

The US private sector added only 127,000 jobs in November of 2022, below economists’ expectations.

Economists expect ADP Non-Farm to create another 150,000 jobs in December.

Canada Employment Change (6 January)

In November 2022, 10,100 jobs were added to the Canadian economy, while the unemployment rate stood at 5.1%, decreasing from the previous month’s rate of 5.2%.

Analysts predict that employment will grow by an additional 60,000 positions over the next month, with the unemployment rate to stand at 5.2%.

US Non-Farm Employment Change (6 January)

The US non-farm payrolls report for November showed an increase of 263,000 jobs following a downwardly revised 284,000 gain in October. The unemployment rate was unchanged at 3.7%, close to September’s 3.5%.

Analysts expect the unemployment rate to remain unchanged at 3.7% while non-farm payrolls will increase by 220,000 for December.

US ISM Services PMI (6 January)

The US Institute for Supply Management’s Services Index jumped to 56.5 in November from 54.4 in October. It is expected to decline slightly to 53 in December.

Dear Client,

Please note that when constituent stocks of a market index generate dividends, VT Markets will make dividends and deductions for clients who hold the products after the close of the day before the ex-dividend date.

The dividends will not be paid/charged as an inclusion along with Swap. It will be executed separately in your account and the record will be annotated as “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,

Please note that when constituent stocks of a market index generate dividends, VT Markets will make dividends and deductions for clients who hold the products after the close of the day before the ex-dividend date.

The dividends will not be paid/charged as an inclusion along with Swap. It will be executed separately in your account and the record will be annotated as “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 financial markets will be monitoring the Bank of Japan policy statement this week. The central bank is expected to keep its short-term interest rate at -0.1%, the same as the previous month. 

Meanwhile, Canada will also be under scrutiny, as its Consumer Price Index is expected to rise by 0.4% in November.

Here are the upcoming events for this week:

Bank of Japan Monetary Policy Statement (20 December)

In its October policy statement, the Bank of Japan kept its key short term interest rate at -0.1% and that for 10-year bond yields around 0%. However, it revised its inflation forecast to 2.9% from 2.3% in July, citing surging prices of energy, food, and durable goods.

Analysts expect the bank to keep its policy unchanged for this month.

Canada’s Consumer Price Index (21 December)

Canada’s Consumer Price Index (CPI) increased by 0.7% in October over the previous month. According to analysts, Canada’s CPI is expected to rise a further 0.4% in November.

Canada’s Gross Domestic Product (23 December)

The Canadian economy expanded by 0.1% in September, reversing an upwardly revised 0.3% increase in August.

Economists expect the country’s gross domestic product to be unchanged in October.

US Core PCE Price Index (23 December)

The US Core PCE Price Index, excluding food and energy, increased by 0.2% month-on-month in October compared with 0.5% in September.

Analysts expect the index to rise by another 0.2% in November.

VT Markets, a global multi-asset broker, has announced their overall company performance for 2022. This year, they have further established their position as one of the fastest-growing, most innovative and best-performing brokerages in the industry. 

Significant growth was observed in two key areas of their trading platform — total number of active traders and total volume of trade. Since 2021, the total number of active traders on VT Markets surged by 140%, while the total trading volume saw a 125% increase.

VT Markets’ success was driven by an emphasis on innovation, product diversification and expansion into newer markets. The brokerage ventured beyond traditional trading products, and offered more diverse instruments such as indices, bonds, and ETFs. They also expanded their business operations globally. 

In the last quarter of the year, VT Markets also launched their exclusive loyalty program, VT Markets ClubBleu. This rewarding initiative was put in place as recognition for its clients  who have played a key role in contributing to the growth of the company. 

When reflecting upon the huge strides that VT Markets has taken the past year, Chris Nelson-Smith, Director at VT Markets, commented, “We’re proud of how far we’ve come as a brokerage, and of all the outstanding results we’ve achieved this year. Our customer-centric approach is testament to how much we recognise and value our clients who have unreservedly been an integral part of our long-term success. We are truly grateful for their support, and we promise to continue providing reliable products and personalised services to cater to their needs.”

“We are committed to continuing to develop our offerings to keep up with the changing markets and industry trends so that we can continue to be industry leaders. We look forward to emulating the successes we’ve achieved so far, and  would like to extend our sincerest thanks to all of our clients for their continued trust in VT Markets,” Chris Nelson-Smith added. 

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 upcoming financial week will be filled with economic data and speculation, as inflation and interest rate decisions will be announced by most central banks.

The CPI inflation figures in the US are expected to rise by 0.3% in November, which might signify another slowdown in inflation. The financial markets will pay close attention to these figures as they could impact the Fed interest rate decision.

The UK Consumer Price Index annual inflation rate is expected to rise to 11.3% in November.

Meanwhile, the Swiss National Bank (SNB), Bank of England (BoE), and European Central Bank (ECB) are scheduled to announce their monetary policy decisions this week.

Here are the financial market updates for the week ahead:

​​UK Gross Domestic Product (12 December)

In September, UK Gross Domestic Product contracted by 0.6% month-on-month, following a downwardly revised 0.1% decline in August.

UK GDP is expected to increase by 0.4% in October.

US Consumer Price Index (13 December)

October’s US CPI increased 0.4% month-on-month, slowing the annual inflation rate in the US to 7.7% in October, the lowest since January 2022. 

Analysts predict that November’s CPI will increase slightly by 0.3%, to 7.6%.

UK Consumer Price Index (14 December)

The CPI annual inflation rate in the UK jumped from 10.1% in September to 11.1% in October, and analysts expect that it will further rise to 11.3% in November.

Fed Interest Rate Decision (15 December)

The Federal Reserve increased its benchmark interest rate by 75bps, to 3.75% – 4% in November, which marks the sixth consecutive hike and the fourth three-quarter point increase.

Jerome Powell, the current Fed chairman, has hinted that the Fed may scale back the pace of its interest rate hikes come December. Analysts believe the Fed will raise the federal funds rate by 50bps this month.

SNB, BoE, ECB Rate Statement (15 December)

Monetary policy decisions by the SNB, BoE, and ECB are being closely monitored this week.

SNB increased its interest rate by 75bps and is forecast to increase by a further 50bps in December to 1%.

BoE voted to raise interest rates by 75bps to 3% in November, with interest rates expected to increase by 50bps to 3.5%.

ECB increased its key interest rate by 75bps. Analysts forecast ECB to raise another 50bps in December.

US Retail Sales (15 December)

The US retail sales rose 1.3% month-on-month in October after a flat reading in September.

According to analysts, retail sales is either expected to maintain at 0.0%, or fall by 0.1% in November.

Eurozone, UK, and US Flash Services and Manufacturing PMI (16 December)

French and German Flash Services PMI declined in November. However, an increase was recorded in their manufacturing PMI.

On the other hand, UK Flash Services and Manufacturing PMI remained the same in November from the previous month. In the US, Flash Services PMI fell from October to November.

Flash Services PMI in France and Germany is expected to decline in December, with UK and US figures forecast to rise. Manufacturing PMI in the UK, France, and Germany may also decline for 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 cs@vtmarkets.com.

The Reserve Bank of Australia and the Bank of Canada are expected to further raise interest rates this month. Investors are watching for signs that suggest policymakers will follow through with another hike.

Here are some of the market events to watch this week:

US ISM Services PMI (5 December)

The ISM Services PMI index in the US fell from 56.7 in September to 54.4 in October, missing market expectations of 55.5. This points to a slowdown in the growth of the services sector since May 2020.

Analysts expect another decline in the index, to 53.9 in November.

RBA Rate Statement (6 December)

The Reserve Bank of Australia (RBA) raised the cash rate by 25bps to 2.85% at its November meeting. The board cited concerns over rising inflation in Australia and signalled that further increases were likely necessary.

Analysts predict that RBA will raise interest rates by 25bps to 3.10% this month.

Australian Gross Domestic Products Q/Q (7 December)

Australian gross domestic product (GDP) grew by 0.9% in Q2 of 2022. However, some economists forecast that Australia may enter a recession by 2023 with an unemployment rate of 4.5%.

For Q3, analysts expect GDP to rise to 1.1%.

BOC Rate Statement (7 December)

In October, the Bank of Canada increased its overnight rate by 50bps to 3.75%. This was below the market expectations of an aggressive 75bps hike. Such a move has led to borrowing costs hitting their highest levels since 2008, and added to the 350bps increase in interest rates over the current tightening cycle.

Analysts expect BoC to raise interest rates further by 25bps to 4% this month.

US PPI (9 December)

The PPI for final demand in the US increased 0.2% in October. This was the same as the downwardly revised 0.2% increase in September.

Analysts expect another increase in the US PPI of 0.3% in November.

US Prelim UoM Consumer Sentiment (9 December)

The University of Michigan’s Consumer Sentiment index for the US in November was revised to 56.8, up from a preliminary reading of 54.7.

The December index is expected to be 55.

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.