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 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.

3. MT5 20 pre-market US stocks: TSLA, NVIDIA, NFLX, META, GOOG, AMAZON, AAPL, ALIBABA, MSFT, SHOP, BOEING, IBM, BAIDU, JPM, EXXON, INTEL, TSM, MCD, ORCL, DISNEY.

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.

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

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.

Oil markets await key US inventory data

The US EIA’s weekly crude oil inventory report is due today, a major event for energy traders.

The data will provide insights into supply–demand balances amid ongoing price volatility.

Market reaction is expected to be significant, with energy equities and WTI crude likely to move sharply on the outcome.

MARKET MOVERS

EUR/USD

• Primary trend: Bearish, with rallies towards 1.1685 likely to face selling
• Support level: 1.1620 (secondary: 1.1580)
• Resistance zone: 1.1680–1.1685
• Long strategy: Consider tactical longs on dips above 1.1620, target 1.1680–1.1685
• Short strategy: Sell near resistance at 1.1685, initial target 1.1620, extend towards 1.1580 if momentum builds
• Range trade: Buy near 1.1620 and sell near 1.1685 if price oscillates in this band
• Risk management: Keep stops tight given the prevailing bearish bias

GBP/JPY

• Primary trend: Bullish, with recent selling showing signs of exhaustion
• Support level: 198.20 (secondary: 196.80–197.00)
• Resistance zone: 200.50–201.00
• Long strategy: Buy on dips near 198.20, target 200.50–201.00
• Short strategy: Consider shorts if price breaks below 198.20 with strong momentum, target 196.80–197.00
• Range trade: Buy near 198.20 and sell near 200.50 if price consolidates in this band
• Risk management: Use tight stops within the range to manage risk effectively

XAU/USD

• Primary trend: Bearish, with an ending wedge warning against extended rallies
• Support level: 3354 (secondary: 3325–3289)
• Resistance zone: 3383 (secondary breakout target: 3410–3420)
• Long strategy: Consider longs only on a confirmed breakout above 3383, target 3410–3420, stop-loss below 3372
• Short strategy: Sell near resistance at 3383, target 3354 initially, extend towards 3325–3289 if momentum builds
• Range trade: Sell near resistance and buy near support if price consolidates between 3354–3383
• Risk management: Keep stops tight given elevated volatility

NEWS HEADLINES

Dollar under pressure

EUR/USD holds near 1.1620, struggling to break above 1.1660.

The US dollar fell as Trump’s move to remove Fed Governor Lisa Cook raised concerns over central bank independence.

In early Asian trading, the dollar strengthened against other major currencies.

US rises, Europe dips, oil steady

US stocks gained as investors shrugged off Fed tensions.

European markets dipped on French political risk and potential government instability.

WTI crude held steady at $63.66, marking a third consecutive session rebound.

Market outlook and Asian session highlights

In Asia, EUR/USD eased to 1.1698, GBP/USD fell to 1.3494, and USD/JPY rebounded to 147.47.

Gold retreated to $3,362 per ounce.

Markets may remain volatile as French political tensions weigh on Europe and the CAC 40.

Nvidia’s earnings could sway tech stocks, while Asia sees mixed trading amid slowing Chinese data.

Energy markets await the US EIA crude report, which is likely to move oil and related equities.

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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 crypto market has hit a turbulent patch, with Bitcoin leading a broad selloff that has shaken investor sentiment. While volatility and liquidations weigh on the short term, many see this correction as a natural pause before the next major move.

Market shake-up as crypto liquidations mount

Bitcoin’s sharp drop this week triggered widespread volatility across the cryptocurrency market, as a cascade of liquidations erased leveraged long positions.

In just 24 hours, around $205 billion in market value disappeared, dragging total market capitalisation back to $3.84 trillion – its lowest point since 6 August.

CoinGlass data reveals that more than 205,000 traders were liquidated, with total losses exceeding $930 million.

The downturn was accelerated by a whale offloading 24,000 BTC – worth approximately $2.7 billion – which caused Bitcoin to nosedive by nearly $4,000 in a matter of hours.

The selloff also pushed BTC beneath the $110,800 cost basis for one-to-three-month holders, a historically important level for preserving bullish sentiment.

Even so, Bitcoin’s 12% decline remains milder than corrections from previous bull cycles: September 2017 endured a 36% drawdown, while September 2021 saw a 24% retreat.

Should a similar pattern unfold this September, Bitcoin could revisit levels near $87,000 before momentum returns.

Altcoins absorbed even heavier selling pressure: Solana fell 11% to $186, Dogecoin slipped 10% to $0.21, Cardano dropped 9% to $0.83, and Chainlink declined 11% to $23.30.

Ethereum also weakened, losing 7% on the day to trade above $4,400 – down more than 11% since recording a new all-time high earlier in the week.

Technical analysis

Bitcoin (BTC/USD) has delivered an impressive rally in 2025, climbing from April’s low near $74,778 to its August peak at $124,492.

Since that high, however, BTC has corrected back to around $110,269, now trading below its shorter-term moving averages. This shift signals a cooling phase following months of strong gains.

The MACD indicator has flipped into negative territory, showing that bearish momentum is building as sellers exert short-term control.

Picture: Bitcoin trades near $110,270, easing after a recent peak around $124,492, with support forming near $110,000 and a bearish MACD signal, as shown on the VT Markets app.

Key support is positioned between $108,000 and $110,000, with a stronger safety net closer to $100,000 if the decline deepens.

On the upside, resistance is capped at $115,000 and then the August top around $124,500.

Should Bitcoin stabilise above $110,000, buyers may regain the confidence to test higher levels. A decisive break below this zone, however, would confirm a deeper corrective move.

Despite this pullback, the long-term outlook for Bitcoin remains bullish, although the near-term picture points to consolidation or another test of lower levels before the uptrend resumes.

Cautious forecast

If Bitcoin struggles to reclaim the $110,800 cost-basis level, the risk of a broader retracement increases.

In that case, a move towards $100,000–$95,000 becomes more likely, with these zones acting as the next critical support areas to watch.

Such a scenario could also pressure sentiment across altcoins, prolonging the current phase of market weakness.

On the flip side, if dip buyers step in – as they have in previous bull cycles – Bitcoin could rebound quickly, regaining lost ground towards $115,000–$120,000.

A return above this zone would likely reignite bullish confidence and set the stage for a retest of August’s highs near $124,500.

Much will depend on whether whale-driven selling continues or eases. If supply pressure fades, the market could enter a period of stabilisation, allowing fundamentals such as institutional inflows, ETF demand, and macroeconomic conditions to guide the next major move.

While volatility remains high, Bitcoin’s broader uptrend is still intact, suggesting that this correction may ultimately provide a reset before the next leg higher.

Click here to open account and start trading.

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.

Markets opened cautiously optimistic today after Fed Chair Powell signalled potential rate cuts as early as September. Traders are watching Germany’s Ifo survey and US manufacturing data, while tech sentiment hinges on Nvidia’s upcoming earnings, seen as a key test for AI-driven momentum.

KEY INDICATORS

US Federal Reserve policy outlook

Fed Chair Jerome Powell’s dovish remarks have increased expectations of a September rate cut.

Investors are rotating into cyclical sectors in anticipation of looser monetary policy.

The shift is affecting currency markets, equities, and investor sentiment more broadly.

US economic data releases

New Home Sales (July): An indicator of housing market health.

Dallas Fed Manufacturing Survey: A snapshot of regional manufacturing activity.

Chicago Fed National Activity Index: Measures overall economic performance and inflation pressures.

Nvidia earnings report

Nvidia reports quarterly results this Wednesday, a major market event.

Its AI-driven business performance could influence technology stocks and sector sentiment.

The earnings release may shape broader market expectations amid ongoing Fed policy developments.

MARKET MOVERS

EUR/USD

• Primary trend: Bullish, but a short-term pullback is likely
• Support level: 1.1640
• Resistance zone: 1.1750–1.1780
• Long strategy: Enter on dips towards 1.1640, target 1.1750–1.1780
• Short strategy: Sell if price breaks below 1.1640, target 1.1580–1.1600
• Range trade: Buy near 1.1640 and sell near 1.1750 if price oscillates in this band
• Risk management: Use tight stops when trading within the range

GBP/JPY

• Primary trend: Bullish, with recent sell-offs showing signs of exhaustion on the daily chart
• Support level: 198.25
• Resistance zone: 200.50–201.00
• Long strategy: Buy on dips near 198.25, target 200.50–201.00
• Short strategy: Sell if price breaks below 198.25 with momentum, target 196.50–197.00
• Range trade: Buy near 198.25 and sell near 200.50 if price oscillates in this band
• Risk management: Keep tight stops within the range to minimise risk

XAU/USD

• Primary trend: Bullish, but recent sessions have shown mixed and volatile price-action
• Support level: 3322
• Resistance zone: 3395–3426
• Long strategy: Buy on dips near 3354, target 3395 | 3426
• Short strategy: Sell if price breaks below 3342 with momentum, target 3322–3330
• Range trade: Buy near 3354 and sell near 3395 if price oscillates in this band
• Risk management: Keep tight stops to manage risk within the range

NEWS HEADLINES

Wall Street hits records on Powell’s dovish hint

The Dow jumped 846 points (+1.89%) to a record 45,631, while the S&P 500 rose 1.52% and Nasdaq 100 gained 1.54%.

Tech stocks led the advance, with Tesla up 6.2%, Alphabet +3.2%, Meta +2.1%, Apple +1.3%, and Nvidia +1.7% ahead of Wednesday’s earnings.

Asian session sees euro softening and gold pullback

EUR/USD eased to 1.1698, and GBP/USD dipped to 1.3494.

USD/JPY rebounded to 147.47.

Gold retreated to $3,362 amid mixed trading.

Market focus: Key data releases and events

UK: Stock market closed for the Late Summer Bank Holiday.

Germany: Ifo business climate index expected to slip to 87.0 in August.

US: New home sales projected to fall 1.1% in July; Dallas Fed manufacturing index forecast at 0.2 for August.

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Markets face potential volatility this week as investors look to Fed Chair Powell’s Jackson Hole speech for policy clues. Nvidia’s earnings on 27 August will influence tech sentiment, particularly regarding AI demand amid geopolitical tensions. Defence stocks remain sensitive to developments in Ukraine, while Japan’s political uncertainty – PM Ishiba resisting resignation after election losses – adds pressure to bond markets, pushing yields higher.

KEY INDICATORS

Forex moves

Dollar strengthens as US manufacturing data lifts the DXY to 98.65 and Powell’s hawkish tone cuts chances of a September rate cut to around 25%.

Pound falls to a 10-week low near $1.3316 after the US–EU trade pact announcement.

Powell’s Jackson Hole speech remains in focus for signals on US interest rate policy.

The US–EU trade pact introduces a 15% tariff on European exports while including $600 billion in investment pledges.

Commodities and equities

Oil climbs 1.29% to $63.52 per barrel on supply concerns linked to geopolitical tensions.

Gold slips $9 to $3,338 per ounce as higher US Treasury yields and a stronger dollar reduce safe-haven demand.

US equities fall, with the S&P 500 down 0.40% to 6,370, while European indices show mixed results amid policy and earnings uncertainty.

Asian markets

China’s Shanghai Composite reaches a 10-year high of 3,728.03, supported by policy expectations and easing trade frictions.

Japan’s PM Ishiba faces mounting calls to resign after election losses, adding pressure to bond markets and driving yields towards multi-year highs.

Political uncertainty around Ishiba’s leadership continues to weigh on market sentiment, particularly in fixed income.

Persistent US–India trade tensions, despite recent fiscal reforms, risk capping rupee gains and dampening investor confidence.

MARKET MOVERS

EUR/USD

• Technical breakout: Medium-term bias remains bearish. Price action is forming a potential top, suggesting a temporary upward retracement. Bespoke resistance is identified at 1.1645.
• Target projection (bullish): Expect a retracement move to test resistance at 1.1645.
• Target projection (bearish): Target 1: 1.1565; Target 2: 1.155.
• Opening expectation: Price likely opens slightly higher, offering opportunities to sell into rallies.
• Primary support zone: 1.1565–1.155.
• Strategy (bearish approach – primary outlook): Enter on rejection from resistance, aiming for 1.1565–1.155.
• Strategy (bullish approach – countertrend): Short-term rallies toward 1.1645 may allow for selling opportunities.
• Range trade: Monitor minor swings between 1.1600 and 1.1645 for intraday scalps.
• Key catalysts next week: Fed Chair Powell’s Jackson Hole speech (US rate guidance), US GDP revision, inflation numbers, Eurozone sentiment reports, Ukraine security talks, and global trade developments.
• Market context: EUR/USD remains under pressure, with short-term retracements possible. Traders should monitor resistance at 1.1645 and key support at 1.1565–1.155, as upcoming macro and geopolitical events may trigger volatility.

GBP/JPY

• Technical breakout: Primary trend remains bullish despite the recent pullback. Daily chart shows exhaustion in the sell-off, suggesting limited downside. Bespoke support is identified at 198.25.
• Target projection (bullish): Target 1: 200.25 – Target 2: 200.5. Retracements toward resistance may offer tactical buying opportunities.
• Target projection (bearish): Setbacks likely limited to yesterday’s low at 198.25, with broader downside risk minimal given the bullish trend.
• Opening expectation: Price expected to dip slightly, providing opportunities to buy on retracements toward support levels.
• Primary support zone: 198.25–197.75 (short-term pivot and intraday channel base).
• Secondary support zone: 197.50–197.75 (minor corrective area for tactical entries).
• Strategy (bullish approach): Buy on dips toward support levels with targets at 200.25–200.5.
• Strategy (bearish approach – countertrend): Minor pullbacks may offer short-term scalps, but the overall trend remains bullish.
• Range trade: Monitor intraday swings around 198.5–200 for tactical entries.
• Stop-loss levels: Below 197.70 for bullish positions; above 200.60 for countertrend short setups.
• Key catalysts next week: UK economic data (PMI, retail sales), JPY reactions to Japanese inflation and BoJ commentary, and global risk sentiment including US macro data and geopolitical developments.
• Market context: GBP/JPY remains in a bullish medium-term trend, but short-term retracements are likely. Traders should manage risk carefully as upcoming macro and geopolitical events may trigger volatility and intraday reversals.

XAU/USD

• Technical breakout: Recent price action shows mixed daily results over the past three days. Selling pressure observed during the Asian session suggests cautious sentiment. Bespoke resistance is identified at 3354.
• Target projection (bullish): Price may test resistance at 3354, offering tactical buying opportunities on retracements.
• Target projection (bearish): Setbacks likely limited to yesterday’s low at 3300–3293, with broader downside risk minimal given the overall trend.
• Opening expectation: Trading is expected to remain mixed and volatile, with short-term swings providing tactical opportunities.
• Primary support zone: 3300–3293 (short-term pivot and intraday channel base).
• Secondary support zone: 3295–3293 (minor corrective area for tactical entries).
• Strategy (bullish approach): Buy on dips toward support levels, targeting 3354.
• Strategy (bearish approach – countertrend): Minor pullbacks or rallies toward resistance at 3354 may offer short-term selling opportunities, but the broader trend remains bullish.
• Range trade: Monitor intraday swings between 3325 and 3354 for tactical entries.
• Stop-loss levels: Below 3290 for bullish positions; above 3356 for countertrend short setups.
• Key catalysts this week: US economic data (GDP revision, inflation), Powell’s Jackson Hole speech, and geopolitical tensions (Ukraine, Middle East) influencing gold volatility.
• Market context: Gold remains under mixed pressure, with short-term swings expected. Traders should monitor resistance at 3354 and support at 3300–3293, as upcoming macro and geopolitical events may trigger volatility and intraday reversals.

NEWS HEADLINES

Global policy and market sentiment

Powell’s Jackson Hole speech is under scrutiny as Trump pressures for rate cuts and threatens Powell’s removal, raising risks to Fed independence.

Concerns over US fiscal dominance are pushing investors towards emerging markets with stronger fundamentals and valuations.

At an 18 August White House summit, European leaders and Zelenskyy discussed new security guarantees for Ukraine, heightening defence-sector focus.

The US–EU trade pact sets 15% tariffs on EU exports to the US and includes energy and investment pledges, boosting corporate sentiment.

US inflows into UK equities are reaching record levels, supported by stability and attractive valuations, though weak employment and high borrowing costs temper optimism.

Foreign exchange movements

The US dollar strengthened ahead of Powell’s Jackson Hole speech, with the DXY at 98.65.

EUR/USD fell to 1.1605 despite German manufacturing edging up to 49.9.

GBP/USD slipped to 1.3411.

USD/JPY jumped to 148.34, while USD/CHF reached 0.8085.

AUD/USD eased to 0.6419, and USD/CAD rose to 1.3907 after stronger Canadian PPI (+2.6% YoY vs 1.9% expected).

USD/JPY ticked up further to 148.53 after Japan’s inflation eased to 3.1% (vs 3.3% expected).

EUR/USD remained steady at 1.1610; GBP/USD at 1.3415.

Commodities and stock markets

Meta fell 1.15% (fourth straight loss) and Walmart sank 4.49% on weak earnings.

First Solar dropped 6.99% and SolarEdge 5.77% after Trump’s criticism.

Coty plunged 21.6% following a surprise loss and weak sales outlook.

US 10-year yield rebounded to 4.328% as jobless claims rose to 235k (vs 225k expected) and July home sales grew 2% (vs -0.2% expected).

FTSE 100 rose 0.23% to a new record, DAX gained 0.07%, and CAC slipped 0.44%.

WTI crude gained 1.29% to $63.52 per barrel on geopolitical tensions.

Gold fell $9 to $3,338/oz ahead of Powell’s Jackson Hole speech and key economic events.

Canada retail sales are expected to contract by -0.4% MoM in July.

Click here to open account and start trading.

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.

Crude oil remains at the centre of global market attention as shifting geopolitics and uncertain peace talks continue to shape investor sentiment. With supply risks, sanctions, and policy decisions all in play, traders are watching closely to see whether oil can stabilise or if fresh volatility lies ahead.

Cease-fire uncertainty underpins crude oil prices

Crude oil prices strengthened on Friday as hopes for a quick resolution to the Russia–Ukraine conflict began to fade. Brent crude rose to $67.85 per barrel, while WTI crude climbed to $63.74, leaving both benchmarks on track to end the week in positive territory.

Our research desk notes that optimism around peace talks has cooled, with efforts to arrange a summit between Presidents Putin and Zelensky facing continued obstacles.

Disagreements over Ukraine’s future security guarantees remain a sticking point, with Moscow pushing for influence over any defence framework. The stalling negotiations have revived concerns about tougher sanctions on Russia, which could tighten supply conditions and provide further support to oil prices.

Technical analysis

The crude oil market has displayed wide swings throughout 2025, ranging from April’s trough at $55.11 to July’s rally peak near $77.90. After a strong mid-year surge, momentum has cooled, and prices are now attempting to stabilise around the $63 level.

Short- and medium-term moving averages (5, 10, 30) still reflect a bearish structure after recent declines. However, the flattening of shorter-term averages suggests that downward momentum may be losing strength.

Picture: Crude oil trades near $63.37, stabilising after recent declines with support emerging above $60 and a flattening MACD signal, as shown on the VT Markets app.

The MACD, which remains below the zero line, continues to show weak momentum but offers early signs of a base forming as the histogram narrows.

In the near term, resistance is expected around $66–67, aligned with recent swing highs and clustered moving averages. A breakout above this level could trigger a retest of $70 or higher.

On the downside, immediate support stands at $60, with stronger protection near April’s low of $55. As long as prices hold above $60, crude may be carving out a consolidation zone. A break below, however, would increase the risk of a deeper retracement.

Overall, crude oil remains in a watchful consolidation phase, with traders closely tracking US inventory reports, OPEC decisions, and demand trends in key economies for the next major directional cue.

Cautious forecast

Looking ahead, crude oil prices are likely to remain highly sensitive to geopolitical developments. If Russia–Ukraine talks continue to falter, WTI crude could retest the $67.00–$70.00 zone, with supply concerns keeping an upward bias intact.

That said, a breakthrough in negotiations would likely deflate the current risk premium, potentially dragging prices back toward the $60.00 support area. Traders should also be mindful of secondary drivers such as Chinese demand recovery, seasonal refinery activity, and currency fluctuations, all of which could amplify volatility.

While the broader trend remains cautious, the market’s underlying risk profile leans to the upside in the near term. Any escalation in geopolitical tensions or disruption to supply chains would likely act as a strong catalyst for higher oil prices, reinforcing the need for close monitoring of global events.

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