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Dear Client,
Affected by international holidays, the trading hours of some VT Markets products will be adjusted. Please check the following link for the affected products:
Holiday Trading Adjustment Notice
Note: The dash sign (-) indicates normal trading hours.
Friendly Reminder:
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 ensure fair trading conditions and manage market volatility during major economic announcements, VT Markets will apply temporary leverage adjustments on certain trading products during specific news periods and market opening/closing.
These adjustments are designed to protect clients from abnormal market fluctuations, sudden liquidity changes, and extreme price movements that may occur during high-impact news releases.
1.Products Affected
The temporary leverage adjustment may apply to the following products:
• Forex
• Gold
• Silver
• Oil
• Indices
• Commodities (including XPT and XPD)
2. Adjusted Leverage During News Releases and Market Opening/Closing
During the specified news period, maximum leverage will be adjusted as follows:
Forex: 200
Gold: 200
Silver: 50
Oil: 20
Indices: 50
Commodities: 5
Please note that each product with leverage already below the above will not be affected.
3. News Events That Can Trigger the Adjustment
Leverage adjustments may be applied during major economic announcements including:
• FOMC Interest Rate Decisions
• CPI (Consumer Price Index)
• GDP
• PMI / NMI
• PPI
• Retail Sales
• Non-Farm Payroll (NFP)
• ADP Employment Data
• Crude Oil Inventories
The above data is for reference only. Other significant macroeconomic releases from major economies may also be included.
Please refer to the table below for details of the upcoming events and affected instruments:
All dates and times are stated in GMT+3 (MT4/MT5 server time).
4. Affected Period of News Releases and Market Opening/Closing
Temporary leverage adjustments apply during the following periods:
Economic News Period
• 15 minutes before the announcement
• 5 minutes after the announcement
Market Opening / Closing Period
• 3 hours before the weekly market closing (Friday)
• 30 minutes after market reopening (Monday)
• 30 minutes before daily market closing (Monday – Thursday)
After the above period ends, leverage will automatically return to the original leverage.
5. Important Rules
• The adjustment only affects new positions open during the adjustment period.
• Positions opened before the adjustment period will not be affected.
• Once the adjustment period ends, original leverage will resume automatically.
We strongly encourage clients to take these temporary leverage adjustments into account when planning trading strategies during high-impact economic events.
If you have any questions, please contact our support team: 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,
The trading hours of some MT4/MT5 products will change due to the upcoming Daylight-Saving Time change in EU/UK.
Please refer to the table below outlining the affected instruments:
Notification of Trading Adjustment
The above information is provided 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,
As part of our commitment to provide the most reliable service to our clients, there will be maintenance this weekend.
Maintenance Details:
Please note that the following aspects might be affected during the maintenance:
1. The price quote and trading management will be temporarily disabled during the maintenance. You will not be able to open new positions, close open positions, or make any adjustments to the trades.
2. There might be a gap between the original price and the price after maintenance. The gaps between Pending Orders, Stop Loss, and Take Profit will be filled at the market price once the maintenance is completed. It is suggested that you manage the account properly.
3. During the maintenance period, VT Markets APP will not be available. It is recommended that you avoid using it during the maintenance.
4. During the maintenance hours, the Client portal will be unavailable, including managing trades, Deposit/Withdrawal and all the other functions will be limited.
The above data is for reference only. Please refer to the MT4/MT5 software for the specific maintenance completion and marketing opening time.
Thank you for your patience and understanding about this important initiative.
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.
The Federal Reserve is trying to hold together a narrative that is becoming harder for markets to accept.
At the March 2026 FOMC meeting, officials voted 11–1 to keep the benchmark rate unchanged at 3.50% to 3.75%. On the surface, that looked like a steady and measured outcome. The median dot still points to one rate cut in 2026.
But the details told a more cautious story.
Chair Jerome Powell acknowledged two immediate problems. Inflation data had already been running firmer than expected before the Iran conflict intensified, and the geopolitical backdrop now makes the path forward
even less predictable. The Fed lifted its 2026 PCE inflation forecast to 2.7%, up from 2.4% in December, while also signalling that it is too early to fully measure the economic damage from the war and the associated supply risks around the Strait of Hormuz.
That leaves markets with an uneasy question: if inflation is moving higher and geopolitical risk is rising, why is the Fed still trying to keep rate cuts alive?
Federal Reserve ‘dot plot’ (Courtesy: Federal Reserve)
The median projection still suggests one cut, but the internal shift was more important than the headline.
Powell said that four or five members moved their projections from two cuts to one, showing that the centre of the committee has shifted toward more caution. In other words, the dot plot did not collapse, but it did become less dovish.
That matters because markets tend to react first to the headline, then slowly catch up with the distribution underneath it.
The Fed is effectively telling markets that inflation remains sticky, oil risk is real, and uncertainty is elevated, yet some degree of policy easing is still possible later in the year. That only works if the energy shock fades and broader price pressures cool again.
For now, that looks more like an assumption than a conclusion.
The latest Fed message not only suggests an inflation upgrade, it appears officials also lifted their 2026 GDP growth forecast to 2.4%. That creates a tension at the heart of the macro outlook.
If the Iran conflict is serious enough to raise inflation expectations and threaten energy markets, then forecasting stronger growth at the same time implies a very benign view of how temporary the shock will be.
The Fed appears to be betting that US demand can absorb higher energy costs without a meaningful hit to momentum. That may prove right, but it is a narrow path.
If oil remains elevated, the economy could slide toward a more stagflationary setup where inflation stays firm while growth deteriorates. In that environment, the projected rate cut would become even harder to justify.
The market may still focus on the headline of “one cut,” but the deeper signal from the meeting is that higher for longer remains the dominant policy bias.
The Fed does not want to sound overly hawkish while markets are already dealing with war risk and fragile sentiment. But its own projections are moving in that direction. If inflation remains sticky and oil does not retreat, that single projected cut may disappear altogether.
That is why this week’s cross-asset price action matters so much. Markets are now testing whether the Fed’s optimistic balance between growth, inflation and easing can still hold.
The macro picture is further complicated by leadership uncertainty inside the Fed.
The upcoming arrival of Kevin Warsh in June introduces a political and policy dimension that markets cannot ignore. Warsh is widely perceived as more supportive of lower rates, but he may be stepping into an environment where the inflation backdrop leaves very little room for early easing.
Political friction surrounding DOJ subpoenas and Senate confirmation dynamics could keep Powell in place longer than expected, delaying a clean leadership transition. That uncertainty could matter for market psychology, especially if traders begin to price not just the next move in rates but also the next policy-making regime.
In practice, Warsh may inherit a Fed that remains trapped in a higher-for-longer framework, regardless of his personal policy preferences.
Under standard macro logic, when growth forecasts rise and inflation projections rise, the case for cutting rates becomes weaker, not stronger. Holding steady makes sense. Signalling that even one cut becomes much more debatable.
The Fed has acknowledged uncertainty from the Iran conflict, admitted inflation pressures have already intensified and still kept alive the idea of future easing. That combination is what makes the latest outlook feel unstable and even frivolous.
The more charitable interpretation is that policymakers are trying to avoid overreacting to what they still view as a temporary geopolitical shock. The harsher interpretation is that the Fed is trying to preserve market calm while the internal logic of its projections is becoming increasingly difficult to defend.
Either way, traders should pay less attention to the median dot alone and more attention to the committee’s direction. The broader message is that officials are drifting toward fewer cuts, more caution and less conviction in the disinflation story.
| Date | Currency | Event | Forecast | Previous | Analyst Remarks |
| Mar 24 | USD / EUR / GBP | Flash PMIs | — | — | First meaningful read on whether war risk and higher energy costs are starting to hit activity as seen in symbols below. |
| Mar 25 | JPY | Japan CPI (February) | — | 1.50% | A hotter inflation print could revive BOJ tightening expectations and make any fresh upside in USDJPY more sensitive. |
| Mar 25 | USD | US Import and Export Prices (Feb) | — | — | A useful second-tier inflation check. If import prices stay firm, it adds to the view that the Fed may have to stay cautious even while still projecting a cut. |
| Mar 26 | USD | Initial Jobless Claims | 211K | 205K | Labor-market resilience would reinforce the Fed’s cautious stance and keep the dollar supported. A softer claims trend could ease some of the pressure on risk assets. |
For a full view of upcoming economic events, check out VT Markets’ Economic Calendar.
This week is less about what the Fed said and more about whether markets believe it. For markets, the Fed’s latest message reinforces a fragile cross-asset setup.
USDX | EURUSD | CL-OIL | USOUSD | SP500 |
Watch this week
Watch this week
Watch this week
Watch this week
Watch this week
Watch this week
For this week, the key market theme is simple: the dot plot may still look orderly on the surface, but the logic underneath it is starting to crack.
The March 2026 FOMC was not a clear dovish pause. It was a pause carrying a more hawkish internal shift.
The dot plot still shows one cut, but the market is beginning to question whether that guidance can withstand higher inflation, war-driven energy risk, and a still-optimistic growth forecast. That tension is what matters most this week.
If the charts continue to confirm stronger oil, a firmer dollar, and weaker risk appetite, the market may conclude that the Fed’s latest roadmap is already losing credibility.
Create a live VT Markets account today to access our platform features, including market insights and educational content.
Why does this report say the Fed’s dot plot looks less credible now?
Because the Fed is projecting higher inflation at 2.7% and stronger 2026 growth at 2.4%, while still leaving room for a rate cut. Under normal macro logic, firmer growth and firmer inflation usually support holding rates steady or staying tighter for longer, not easing.
Why is oil such an important driver for markets this week?
Oil is the clearest link between geopolitics and inflation. If the Iran conflict keeps supply risk elevated, especially around the Strait of Hormuz, higher oil prices can push inflation expectations up again. That would make it harder for the Fed to justify cutting rates and could pressure equities while supporting the US dollar.
Why are USDX, gold and equities being watched together?
They help reveal how markets are interpreting the same macro story. A stronger USDX suggests tighter financial conditions or reduced rate-cut expectations, gold reflects both safe-haven demand and dollar pressure, and equities show whether investors are becoming less comfortable with the growth and policy outlook.
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.
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