VT Markets, an international multi-asset broker, is showing great promise on the back of their separation from Vantage Group. They have recently clinched three awards by Global Business Magazine Awards for their exceptional trading platforms and services.

VT Markets’ unique value proposition, in-depth market insights and thorough understanding of the market have rightly earned them both the Best Research House Europe 2022 and Best Forex Broker Australia 2022 awards. In addition, VT Markets’ client-centric approach and unwavering commitment to helping traders achieve their investment goals, give investors confidence that their needs will always be at the forefront of the company’s initiatives.

On winning the Most Innovative Online Trading Platform Europe 2022 award, a VT spokesperson said, “We are extremely proud that VT Markets is being acknowledged for our quality services and reliable trading platforms. In the past year, VT Markets has seen rapid growth from our global expansion strategy. Our team has also launched innovative digital initiatives on our client portal and mobile app, leveraging our robust IT infrastructure and in-house talents. Our trading platform is constantly being optimised to stay ahead of the competition.”

“Clinching these awards is a testament to how VT Markets is fully committed to serving our clients as best we can. We have always been focused on making trading easy and in 2023, we will continue to innovate and ensure our clients are satisfied with our services,” added the company representative.

For more information, visit our website.

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.

The Reserve Bank of New Zealand (RBNZ) raised its official cash rate in October by 50bps, its fifth increase since late last year. It follows a string of robust economic reports showing that domestic activities have strengthened. Will the central bank raise rates by another 75bps as forecasted?

Here is a roundup of the latest financial news for this week:

RBNZ Rate Statement (23 November)

In October, the Reserve Bank of New Zealand increased its official cash rate to 3.5%, the first raise since April 2015.

Inflation has been low in recent years, but domestic economic activities may have picked up in Q3 2022 as employment continues to rise. However, the value of purchases of durable goods such as consumer electronics and vehicles has decreased in recent years.

Analysts predict RBNZ will add another 75bps to the rate at this month’s meeting.

French Flash Services PMI (23 November)

The French Services Purchasing Managers’ Index dropped to 51.7 in October from a flash reading of 51.3 but down from 52.9 in September.

The business confidence index fell to its lowest level in almost two years, reflecting concerns over persistently high inflation and a drop in investment appetite.

German Flash Manufacturing and Services PMI (23 November)

In October, Germany’s Manufacturing Purchasing Managers’ Index declined to 45.1 from a preliminary estimate of 45.7, indicating the fourth consecutive month of falling factory activity and the most significant contraction since May 2020.

The Services PMI increased to 46.5 in October, compared to the previous month’s 28-month low of 45.0.

Analysts predict the Flash Manufacturing PMI to climb to 45.9 and the Services PMI to increase to 47.5.

UK Flash Manufacturing and Services PMI (23 November)

October’s UK Manufacturing Purchasing Managers Index increased to 46.2 and points to the steepest pace of contraction since May 2020.

UK Services PMI also climbed to 48.8, from a preliminary reading of 47.5 and the first overall decline in output since February 2021.

Analysts forecast both Flash Manufacturing and Services PMIs to be 47.2.

US Flash Services PMI (23 November)

The October US Flash Services PMI rose to 47.8, compared with 49.3 in the previous month. The reading was better than the preliminary estimate of 46.6.

We expect the next Flash Services reading to be 49.3.

FOMC Meeting Minutes (24 November)

In November, the Fed raised its target for the federal funds rate by 75bps to 3.75%-4%, making its highest level since 2008. The board aims to achieve a stance of monetary policy consistent with 2% inflation and maximum employment.

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.

VT Markets, a top-rated brokerage firm, has launched the VT Affiliate Challenger Cup 2022 (ACC 2022), a competition that rewards affiliates for referring new clients to their platform.

The ACC 2022 is open to VT Markets’ CPA Affiliates, Introducing Brokers or Hybrid program in over 60 countries from the Europe, Middle East, Africa (EMEA) and LATAM regions. Attractive cash prizes will be given to the best-performing affiliates. The champion will secure US$15,000, with the 1^st and 2^nd runners-up set to receive US$7,500 and US$3,000 respectively.

“At VT Markets, we attribute a big part of our success to our close partnership with the affiliates and IBs. This competition is part of our plan to strengthen ties with our loyal affiliates, as well as to enhance and expand our affiliate program. We believe it is also a great motivation for our affiliates to grow their business network and be appropriately rewarded for their referral initiatives,” commented John Georgiou, Director of Business at VT Markets.

In order to maximise their chances of winning, affiliates will be challenged to devise strategic business plans to boost the amount of deposits and trades made by their referrals. All affiliates will still be eligible to earn their regular referral commissions throughout the program. 

The competition runs from 1 November 2022 to 28 February 2023. 

For more information, you may refer to https://www.vtaffiliates.com/challenger-cup-2022/ 

About VT Markets

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.

Find out more about VT Markets on our website. For more details about this competition, please contact partnerships@vtmarkets.com. 

The US Federal Reserve will weigh this week’s Retail Sales and PPI data against last week’s lower-than-expected inflation figures as it determines whether to raise its benchmark interest rate by 50bps or 75bps at its December meeting.

Here are the highlights for the week ahead:

RBA Monetary Policy Meeting Minutes (15 November)

The Reserve Bank of Australia (RBA) increased its cash rate to 2.85% at its November meeting, the sixth consecutive increase.

RBA reiterated its commitment to bringing inflation back to target levels and stated that it would do everything in its power to accomplish it. The incoming data will affect the size and timing of rate hikes.

US Empire State Manufacturing Index (15 November)

October’s NY Empire State Manufacturing Index dropped 7.6 points to -9.1, a third consecutive month of negative growth.

Industry experts believe that business conditions will remain the same over the next six months. Meanwhile, this month, data is projected to decrease to -12 points.

US Producer Price Index (15 November)

US PPI for final demand rose 0.4% month-on-month in September 2022, reversing three consecutive months of decline.

Analysts expect that the index will increase by another 0.3% in October.

UK Consumer Price Index (16 November)

In September, the UK’s inflation rate rose to 10.1% from 9.9% in August, returning to 40-year highs seen in July.

According to analysts, they can foresee October’s annual CPI to be higher than 10.4%.

Canada Consumer Price Index (16 November)

According to the latest data, the Consumer Price Index in Canada increased by 0.10% in September 2022 over the previous month. 

Further increases are predicted for October.

US Retail Sales (16 November)

In September 2022, retail sales in the US held steady as high inflation and rising borrowing costs dampened consumer demand.

Retail sales are projected to increase by 0.8% in October.

Australia Employment Data (17 November)

Employment in Australia increased by 900 in September to a record high of 13.59 million. The unemployment rate held steady at 3.5%. Analysts expect employment to rise by 32,000 in October.

Analysts predict that employment will rise by 32,000 in October, and the unemployment rate will be 3.4%.

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.

VT Markets, a global multi-asset broker, has added a selection of 7 bond CFDs to its vast array of trade offerings and assets. This addition further enables traders to expand their portfolios and gain exposure to some of the most exciting markets in the world. 

Their new products feature bonds from countries such as the US and UK, among others. Some of the bonds being added to the award-winning trading platform include the US 10-year Treasury Bond Futures, UK Long Gilt Futures and Euro-Bund Futures. Clients of VT Markets will be able to trade these bond CFDs at competitive rates.

“This is an exciting opportunity for our clients. Bond CFDs are the perfect addition to any trader’s portfolio, as they can speculate the price movements and trade on margin without direct ownership of the instruments. This enables our clients to expand their trading options and get the most out of the markets. Bond CFDs are a welcome addition to our ever-growing range of products, which includes indices, stocks, commodities, and forex. We believe we are one of the most diverse brokers in today’s market,” said John Georgiou, Director of Business at VT Markets.

The new bond CFDs are now available for trading on the VT Markets mobile app and its robust trading platforms.

For more information, visit our website. 

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.

Since the Federal Reserve announced its September rate decision, consumer price growth in the US has accelerated across a wide range of goods and services. This signifies that underlying inflationary pressures are growing stronger.

Fed officials will announce another rate hike in December, with analysts expecting the central bank to also increase interest rates further.

Here’s what to expect for the week ahead:

US Midterm Elections (November 8)

The US will hold its midterm elections on November 8.

Voters will go to the polls to decide who will hold key offices in their respective states and cities. The result of this election is expected to have a major impact on the US economy, and analysts are keeping close tabs on the situation.

US Consumer Price Index (November 10)

US CPI rose by 0.4% month-on-month in September, the highest reading in three months.

Analysts expect consumer prices to increase by a further 0.7%.

UK Gross Domestic Product (November 11)

UK economic growth slowed by 0.3% month-on-month in August after rising by 0.1% in July.

Analysts expect GDP growth to be 0.1% for September.

US Prelim UoM Consumer Sentiment (November 11)

The University of Michigan’s latest consumer sentiment survey in the US showed a reading of 59.9.

Economists forecast the index to come in at 60 for this month.

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 US Federal Reserve, Reserve Bank of Australia, and Bank of England have upcoming interest rate decisions scheduled throughout the week.

New Zealand and Canada will release their Employment Change data, while the US will release its Non-Farm Employment Change figures.

RBA Rate Statement – Australia (1 November)

The Reserve Bank of Australia (RBA) increased the cash rate by 25bps to 2.6% during its October meeting after hiking the benchmark interest rate by 50bps in each of the prior four months and 25 basis points in May.

RBA said that inflation in Australia was too high and that a further increase in prices is expected over the months ahead.

Analysts predict that the RBA will raise another 25bps at this month’s meeting.

ISM Manufacturing PMI – US (1 November)

The ISM Manufacturing PMI decreased in September to 50.9, reflecting the slowest growth in factory activity since 2020.

Based on historical trends, we expect that the index will rise to 51 for October.

Employment Data – New Zealand (2 November)

In the second quarter of 2022, New Zealand’s unemployment rate rose to 3.3% from 3.2% in the previous quarter. Employment data remained unchanged (0%). 

The unemployment rate for the third quarter of 2022 is forecast at 3.2%, with employment data to rise by 0.4%.

FOMC Statement and Fed Funds Rate – US (3 November)

Last month, the Federal Reserve boosted the federal funds rate by 75bps to 3%-3.25%. This increase is the third consecutive three-quarter point increase. 

Analysts expect the Fed to raise its target rate by another 75bps this month.

Bank of England Official Bank Rate and Monetary Policy – UK (3 November)

The Bank of England raised its key interest rate by 50bps to 2.25% in September, marking the 7th consecutive increase.

Analysts expect a further 75bps increase this month.

ISM Services PMI – US (3 November)

The Institute for Supply Management’s Services Purchasing Managers Index declined to 56.7 in September from 56.9 in August, but still above the historical average of 55.

Employment Data – Canada (4 November)

In September 2022, Canada added 21,100 jobs, the first rise in employment since May.

The unemployment rate in Canada declined to 5.2% in September of 2022 from 5.4% in the month before, showing a tight Canadian labour market. 

Analysts expect jobs to reduce by 5,000 in October as well.

Non-Farm Employment Change – US (4 November)

US average hourly earnings held steady at 0.3% in September, as employers added 263,000 jobs and the unemployment rate fell to 3.5%.

Analysts estimate that the average hourly earnings will remain at 0.3% for the month, and an additional 200,000 jobs will be created, with unemployment falling below 3.5%.