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.

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:

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

Major central banks are setting the stage for global markets this week, as key economies such as Japan and Australia will announce changes to their benchmark interest rates. The markets will also closely observe the US and Canada Employment Change. Monitoring these key metrics worldwide can help traders make better trading decisions.

Here are key events to watch out for:

Consumer Price Index (CPI) | Switzerland (March 6)

In January 2023, the CPI in Switzerland rose by 0.6% from the previous month. The figure for February is projected to be 0.4%.

Reserve Bank of Australia (RBA) Rate Statement | Australia (March 7)

The RBA increased the cash rate by 25bps to 3.35% in February, the ninth increase since May 2022. 

Analysts expect the RBA to raise interest rates by another 25bps to 3.6%. 

ADP Non-Farm Employment Change | US (March 8)

US private businesses generated 106,000 jobs in January 2023, substantially lower than the 253,000 jobs created in December 2022. 

Analysts anticipate the US to add 168,000 jobs for February.

Bank of Canada (BOC) Rate Statement | Canada (March 8)

In its first meeting of 2023, the BOC increased its overnight rate by 25bps to 4.5% and suggested that it would conclude its aggressive tightening cycle if economic developments conformed to the central bank’s outlook. 

For this month, analysts project that the BOC will keep the rates unchanged.

Bank of Japan (BOJ) Rate Statement | Japan (March 10)

During its January meeting, the BOJ unanimously decided to retain its key short-term interest rate at -0.1%, and maintain the 10-year bond yields at approximately 0%. 

For this month, analysts predict that the BOJ will keep the rates unchanged.

Gross Domestic Product (MoM) | UK (March 10)

For the first time in three months, the British economy shrank 0.5% month-on-month in December 2022.

Analysts predict the UK GDP to be 0.0% in January 2023.

Employment Change | US and Canada (March 10)

In January 2023, the US economy added an unexpected 517,000 jobs, marking the most jobs created since July 2022, while the unemployment rate fell to 3.4%, the lowest since May 1969. During the same period, Canada added 150,000 jobs, the highest since February last year, and maintained an unemployment rate of 5%. 

For February 2023, analysts anticipate the US to add 200,000 jobs, resulting in an unemployment rate of 3.6%. In Canada, employment is expected to increase by 20,000, with an unemployment rate of 5.2%.

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:

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

This week, the markets will be watching closely as two of the most influential economic indicators – US ISM Manufacturing and Services PMI figures – are released. With these reports being used to measure the overall health of the US economy, the results could have a dramatic effect on financial markets worldwide. This makes them an essential area for market participants to keep tabs on.

Here are key events to watch out for:

Gross Domestic Product | Canada (28 February)

The Canadian economy continued its upward trend in Q3 2022, growing by 0.7%, marking the fifth consecutive quarter of growth. 

Analysts predict that the economy will continue to grow and expand by 0.4% in Q4 2022.

CB Consumer Confidence (28 February)

The Consumer Confidence Index fell from 109 in December to 107.1 in January 2023, according to the Conference Board. 

However, analysts anticipate a possible recovery in the index, with a projected increase to 109 in February.

Consumer Price Index (CPI) | Australia (1 March)

The Consumer Price Index in Australia increased to a new high of 8.4% in December 2022, up from 7.3% in November. 

Analysts predict that the Australian CPI will continue to rise, with an 8.6% increase projected for January 2023.

ISM Manufacturing Purchasing Managers’ Index | US (1 March)

The US ISM Manufacturing PMI fell to 47.4 in January 2023, the lowest level since May 2020. 

Analysts predict a slight rebound in the PMI for February, with a reading of 47.9.

ISM Services Purchasing Managers’ Index | US (3 March)

The ISM Services PMI for the United States unexpectedly rose to 55.2 in January 2023, up from a 2-1/2-year low of 49.2 in December. 

Analysts predict that the PMI will fall slightly in February 2023 at 54.6.

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:

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

In the upcoming week, several significant events and economic data releases are scheduled to take place. Among them are the Federal Open Market Committee (FOMC) meeting minutes, the Reserve Bank of New Zealand (RBNZ) rate statement, and the Canada Consumer Price Index (CPI) report. 

These events are expected to garner considerable attention from investors, economists, and financial analysts as they provide insights into the current state of the global economy and the outlook for the future. Market participants will closely monitor these reports and releases to understand the current economic climate better and make informed investment decisions.

Let’s take a closer look at these events:

UK and US Flash Services PMI (21 February)

The UK’s January 2023 Flash Services PMI decreased from 49.9 in December 2022 to 48.7. The US Flash Services PMI increased from 44.7 in December to 46.8 in January.

For February 2023, analysts anticipate that the UK Flash Services PMI will increase to 49.3, while the US Flash Services PMI will rise to 47.4.

UK Flash Manufacturing PMI (21 February)

The UK Flash Manufacturing PMI increased to 47.0 in January 2023 from the 31-month low of 45.3 recorded in December 2022. 

Analysts predict a further increase in the UK Flash Manufacturing PMI to 47.5. This data is closely watched as it provides an early indication of the health of the UK manufacturing sector, which plays a crucial role in the country’s economy.

Canada Consumer Price Index (21 February)

Canada Consumer Price Index declined by 0.6% in December 2022 compared to the previous month. 

Analysts forecast a 0.2% increase in Canada’s CPI for January 2023. This forecasted increase is significant as it could indicate the beginning of a broader economic recovery.

Australia Wage Price Index (22 February)

The Australian Wage Price Index (WPI) experienced a year-on-year increase of 3.1% in Q3 2022, as per the seasonally adjusted data, marking an acceleration from the 2.6% growth seen in Q2. This result is the most substantial reading since Q1 2013.

For Q4 2022, analysts forecast that Australian WPI will increase by 3.6% year-on-year. This anticipated growth is a positive sign for the Australian economy, and investors will be keeping a close eye on the release of the WPI data for insights into the country’s economic health.

RBNZ Monetary Policy and Rate Statement (22 February)

The Reserve Bank of New Zealand increased its interest rate in November 2022 by 75bps to 4.25% from the previous rate of 3.5%.

Analysts expect the RBNZ to announce another increase in its interest rate of 50bps to 4.75% this month. The expected gain would signify the central bank’s continued efforts to keep inflation under control and maintain a stable economy.

FOMC Meeting Minutes (23 February)

In its February 2023 meeting, the US Federal Reserve increased the fed funds rate target range by 25bps to 4.5%-4.75%. In a statement, Fed Chair Jerome Powell indicated that the Fed had the necessary tools to control inflation, and disinflation had begun.

Powell’s comments suggested that there would be no significant changes to the Fed’s future rate increase strategy, despite a strong January jobs report. 

Core PCE Price Index (23 February)

In December 2022, the US Core PCE price index, excluding food and energy, increased by 0.3% on a month-on-month basis, compared to the 0.2% growth seen in the previous month.

Analysts predict that the US Core PCE Price Index will increase by 0.2% 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 info@vtmarkets.com

This week, investors and economists will be closely monitoring the latest Consumer Price Index (CPI) data releases from the US and the UK. The CPI is an important economic indicator that measures the changes in the prices of goods and services that households purchase. As it provides insight into the overall inflation trend, the data release has a significant impact on financial markets and central bank policies. 

With inflation being a hot topic in recent months, traders and analysts alike will be eager to see if the numbers will continue to trend upward or if they will show a slowdown.

Here are key market events for the week ahead:

Switzerland’s Consumer Price Index (13 February)

In December 2022, Switzerland’s CPI saw a decline of 0.2% compared to the previous month. This drop showed a decrease in the annual inflation rate, which fell to 2.8% year-on-year in December 2022, marking the lowest inflation rate recorded in Switzerland since April 2022.

Looking ahead to January 2023, analysts are forecasting another decrease in Switzerland’s CPI of 0.1%. This decrease is expected to bring down the annual inflation rate further to 2.7%. 

UK Claimant Count Change (14 February)

The UK saw a rise in the number of people claiming unemployment benefits in December 2022, with a total increase of 19,700 claims compared to the previous month of November 2022, which saw a rise of 16,100 claims.

For January 2023, analysts forecast a drop in claims with an estimated 12,000 new claims expected. While the UK continues to face challenges in the labor market, this expected decrease in claims could indicate a positive shift towards job stability and economic recovery.

US Consumer Price Index (14 February)

US CPI saw a decrease of 0.1% in December 2022 compared to the previous month, marking the first time the CPI has declined since May 2020. This decrease led to a slowdown in the annual inflation rate, which fell to 6.5% in December 2022, and marks the sixth consecutive month of slowing inflation and is the lowest reading since October 2021.

Analysts are forecasting a slight increase in the US CPI for January 2023, with an expected 0.4% month-on-month growth. The annual inflation rate is expected to be slower at 6.3%. 

UK Consumer Price Index (15 February)

UK CPI dropped to 10.5% in December 2022, down from 10.7% in November. This marks the second month of slowing inflation, with a rate of 10.5% being the lowest in three months after reaching a peak of 11.1% in October.

Analysts forecast that the UK annual inflation rate will continue to slow down to 10.3% this month.

US Retail Sales (15 February)

Retail sales in the US decreased by 1.1% in December 2022 compared to the previous month, after an earlier revised decrease of 1% in November.

Analysts predict a modest increase in US retail sales this month, with an estimated growth of 0.6%.

US Empire State Manufacturing Index (15 February)

The New York Empire State Manufacturing Index showed a significant decline, reaching a low of -32.9 in January 2023. This represents the fifth-worst contraction ever in business activity in the state of New York.

Analysts forecast a slight improvement for February 2023, with an expected reading of -19.

US Producer Price Index (16 February)

In December 2022, producer prices in the US decreased 0.5% month-on-month, following a 0.2% increase in November, marking the largest monthly decline since April 2020. This suggests that inflationary pressure in the US is cooling.

Analysts predict another 0.4% drop in US PPI for January 2023.

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 info@vtmarkets.com