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.
New contracts will automatically be rolled over as follows:
Please note:
• The rollover will be automatic, and any existing open positions will remain open.
• Positions that are open on the expiration date will be adjusted via a rollover charge or credit to reflect the price difference between the expiring and new contracts.
• To avoid CFD rollovers, clients can choose to close any open CFD positions prior to the expiration date.
• Please ensure that all take-profit and stop-loss settings are adjusted before the rollover occurs.
• All internal transfers for accounts under the same name will be prohibited during the first and last 30 minutes of the trading hours on the rollover dates.
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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. During the maintenance period, VT Markets APP will not be available. It is recommended that you avoid using it during the maintenance.
2. 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 market opening time.
Thank you for your patience and understanding about this important initiative.
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The euro faces a delicate balance as French political uncertainty meets broad dollar strength. Investors are cautious, watching confidence votes and policy developments alongside key US economic data. Market direction for EUR/USD will depend on how these risks and signals unfold.
Dollar strength keeps euro under pressure
The euro remained under selling pressure on Thursday as concerns over French political uncertainty weighed on investor sentiment.
Prime Minister François Bayrou faces the risk of losing his position next month after unexpectedly calling a confidence vote tied to his deficit-reduction agenda.
The risk of another failed government in France is already priced in by markets and won’t be enough to derail the European stock rally, top Wall Street strategists say https://t.co/Kjavwet7vU
This development has widened the yield spread between French and German government bonds, amplifying the political risk premium attached to the single currency.
The euro briefly dipped to 1.1573 – its weakest level in three weeks – before recovering to trade around 1.1642.
However, broader dollar positioning continues to be the dominant driver, with markets closely tracking upcoming US economic data and the Federal Reserve’s policy meeting scheduled for next month.
Technical analysis
Since touching a February low at 1.0210, EUR/USD has staged a steady rally, peaking near 1.1830 in July before entering a consolidation phase.
The pair is currently trading around 1.1641, holding above the key 1.1500 support zone. Moving averages (5, 10, 30) remain broadly supportive, though they have flattened, signalling a slowdown in momentum.
Picture: EUR/USD trades near 1.16416, easing from a recent 1.18297 peak, with support around 1.15000 and a neutral MACD, as shown on the VT Markets app.
The MACD is hovering near the zero line, reflecting a lack of decisive trend strength. On the upside, resistance is seen at 1.1700–1.1830, which must be broken for the broader uptrend to continue.
On the downside, a drop below 1.1500 would weaken the structure and potentially expose 1.1350 as the next major support level.
For now, EUR/USD looks range-bound, with traders awaiting direction from US data releases and future European Central Bank (ECB) signals.
Cautious forecast
If political instability in France escalates while the dollar stays resilient, EUR/USD could retest the 1.1600 handle or even slide toward 1.1500.
A sustained move below this level may open the door toward 1.1350, signalling a deeper correction in the pair.
On the other hand, a stabilisation in French bond markets alongside weaker US economic indicators could ease downside pressure on the euro.
Such a scenario would allow EUR/USD to rebound, first testing 1.1700 before attempting a push toward the 1.1750 resistance zone.
Traders should also keep an eye on upcoming ECB communications, as any hawkish policy signals could provide additional support for the single currency in the medium term.
August 2025 has brought the latest US earnings season to a close, offering what is effectively a quarterly health check on corporate America. For traders, these updates are far more than company press releases – they are signals that drive price swings, shift sentiment, and open the door to opportunities.
A health check on corporate America
Earnings season refers to the stretch from mid-July to mid-August when listed companies disclose results from the April–June period. These updates cover profits, revenues, and forward guidance, giving markets a vital snapshot of business conditions.
They matter because they often set the tone: share prices can jump or fall sharply, while outlooks reveal how executives see the year ahead.
This time, the results were stronger than expected. S&P 500 companies collectively posted an 11.8% increase in earnings year-on-year, nearly double what analysts had predicted. Revenues rose by about 4–5%, and more than three-quarters of companies exceeded profit forecasts.
The season was not without volatility, though – the VIX, Wall Street’s “fear gauge”, swung up toward 20 as traders reacted to results in real time. For those active in shares or ETFs, Q2 showed that earnings remain the pulse of the market.
Strong results and market reactions
The headline story of Q2 was one of corporate resilience. Analysts had expected a modest 5–6% increase in earnings, but companies delivered nearly twice that.
Around 80% reported profits above forecasts, while top-line revenue growth held steady at 4–5%. Guidance for the rest of 2025 suggested businesses expect earnings to grow by roughly 9–10% for the year as a whole.
Markets responded positively. The S&P 500 rose about 2% across the reporting period, lifted by stronger-than-expected results in technology and consumer sectors.
Yet this optimism came with bursts of volatility. The VIX index jumped from the mid-teens to around 20 at points, underlining how quickly sentiment can swing when earnings hit the wires.
The mood among individual investors also shifted: the AAII survey showed bullish sentiment climbing above 55%, the highest reading in four years.
For traders, the message is twofold. Beating expectations still fuels rallies, but valuations remain stretched. With the S&P trading at roughly 22 times earnings – well above long-term averages – markets look increasingly sensitive to any disappointments.
The trends that shaped Q2
Behind the broad numbers, four clear trends emerged.
First, technology and artificial intelligence continued to dominate. Nvidia once again set the pace, reporting a staggering 122% jump in data centre revenue. Microsoft also impressed with 20% growth in its cloud division. These results underscored the central role AI now plays in market leadership. Tech is the engine of this market, and for now, it is still roaring.
Second, the American consumer proved resilient. Retailers delivered upbeat results, with Walmart’s e-commerce sales climbing 25% and Target reporting solid gains as well. Banks reinforced the picture: JPMorgan noted steady loan growth and a 4% rise in payment volumes, suggesting that households are still spending despite high borrowing costs.
Third, investors showed signs of rotating towards defensive sectors. Utilities and consumer staples saw inflows as funds positioned against potential risks from new tariffs. While high-growth tech names stole headlines, the quieter move into defensives highlighted a measure of caution beneath the surface.
Finally, corporate guidance revealed a split in sentiment. Many companies pointed to robust demand, but industrials sounded the alarm over trade measures. Ford, for example, estimated an $800 million hit from new tariffs.
The balance between AI optimism and tariff anxiety captured the essence of this earnings season: a market buoyed by innovation but wary of political and macroeconomic headwinds.
How sectors performed
Sector performance in Q2 painted a mixed but instructive picture for traders.
Technology was the clear winner. Nvidia’s triple-digit growth and Microsoft’s cloud expansion drove the sector higher, with tech stocks broadly advancing by 5–10% through July. These remain the market’s momentum plays, though volatility makes timing critical.
Financials offered a steadier profile. JPMorgan’s results illustrated the sector’s resilience, with lending activity stable and consumer spending channels growing modestly. While not as headline-grabbing as tech, financials provided defensive balance in portfolios.
Consumer discretionary names told a more nuanced story. Retailers such as Walmart and Target outperformed expectations, proving the strength of everyday spending, but autos were hit hard. Ford’s tariff-related losses highlighted how vulnerable manufacturers remain to global trade disputes.
Elsewhere, healthcare and energy lagged behind, reflecting softer demand in certain areas, while industrials struck a cautious tone about the months ahead. The overall impression was of a market where some sectors basked in sunshine while others dealt with clouds.
For traders, this underscored the value of diversification: pairing growth exposure in technology with defensive positions in financials or consumer staples.
What it means for traders
The big lesson from Q2 is that corporate America is still growing strongly, but volatility is here to stay. For traders, the challenge is balancing optimism with caution.
Opportunities lie in companies that beat expectations but experience short-term pullbacks – Nvidia being a textbook case. Defensives such as Walmart continue to act as hedges against uncertainty.
ETFs provide an efficient way to capture these themes without concentrating risk too heavily. And, importantly, guidance should not be overlooked: forward-looking statements often move markets more than historical numbers.
Looking to the road ahead, analysts expect earnings to grow by 9–10% for 2025, but political and macro risks – from tariffs to elections – will shape how that plays out. In trading terms, preparation is everything. Those who monitor sentiment, manage risk, and adapt to rotation can turn volatility into opportunity.
Q2 proved that traders can thrive with the right moves. If you are ready to act on Q3 opportunities, open a live account with VT Markets to access professional tools and low-cost trading – ideal for capturing insights from earnings season.
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.
Affected by international holidays, the trading hours of some VT Markets products will be adjusted. Please check the following link for the affected products:
To provide a favorable trading environment to our clients, VT Markets will modify the trading setting of US Shares:
1. The leverage for all US stock products is 33:1, except for the 20 US stock products on MT5 that can be traded during the pre-market session.
2. Pre-market trading on MT5 for eligible 20 US shares:
During pre-market trading and 15 minutes before market close, leverage would be adjusted to 5:1 when opening positions. Leverage remains 33:1 during all other trading hours.
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.
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Markets are expected to remain cautious this week, with European sentiment under pressure, mixed trading in Asia, and a focus on key US data and events that could influence risk appetite and market direction.
KEY INDICATORS
France political strains and Nvidia earnings in focus
Ongoing political unrest in France has rattled markets, dragging the CAC 40 lower by more than 3% this week.
The yield spread between French and German 10-year bonds has widened to its highest level since April, highlighting investor unease.
Nvidia’s upcoming earnings report remains a key risk event, with results expected to set the tone for tech and AI-driven stocks globally.
Asia markets mixed as China data weighs
Asian equities traded with mixed sentiment: Japan’s Nikkei, Korea’s Kospi, Australia’s ASX, and Taiwan’s Taiex posted modest gains, while Chinese indices slipped.
Losses in China were concentrated in property and healthcare stocks, adding pressure to already fragile market confidence.
China’s July industrial profits fell 1.5% year on year, though the pace of decline slowed — a sign of potential stabilisation.
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.
