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 cs@vtmarkets.com.

The Reserve Bank of Australia and the Bank of Canada are expected to further raise interest rates this month. Investors are watching for signs that suggest policymakers will follow through with another hike.

Here are some of the market events to watch this week:

US ISM Services PMI (5 December)

The ISM Services PMI index in the US fell from 56.7 in September to 54.4 in October, missing market expectations of 55.5. This points to a slowdown in the growth of the services sector since May 2020.

Analysts expect another decline in the index, to 53.9 in November.

RBA Rate Statement (6 December)

The Reserve Bank of Australia (RBA) raised the cash rate by 25bps to 2.85% at its November meeting. The board cited concerns over rising inflation in Australia and signalled that further increases were likely necessary.

Analysts predict that RBA will raise interest rates by 25bps to 3.10% this month.

Australian Gross Domestic Products Q/Q (7 December)

Australian gross domestic product (GDP) grew by 0.9% in Q2 of 2022. However, some economists forecast that Australia may enter a recession by 2023 with an unemployment rate of 4.5%.

For Q3, analysts expect GDP to rise to 1.1%.

BOC Rate Statement (7 December)

In October, the Bank of Canada increased its overnight rate by 50bps to 3.75%. This was below the market expectations of an aggressive 75bps hike. Such a move has led to borrowing costs hitting their highest levels since 2008, and added to the 350bps increase in interest rates over the current tightening cycle.

Analysts expect BoC to raise interest rates further by 25bps to 4% this month.

US PPI (9 December)

The PPI for final demand in the US increased 0.2% in October. This was the same as the downwardly revised 0.2% increase in September.

Analysts expect another increase in the US PPI of 0.3% in November.

US Prelim UoM Consumer Sentiment (9 December)

The University of Michigan’s Consumer Sentiment index for the US in November was revised to 56.8, up from a preliminary reading of 54.7.

The December index is expected to be 55.

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 Department of Labor reported that non-farm payrolls rose by 261,000 last month, more than economists had forecasted. The increase in hiring was driven by more people entering the labour force.

Meanwhile, private payrolls rose by 239,000 in October according to a report from ADP, with the leisure and hospitality industry seeing the most gains.

Here’s what to expect from the week ahead:

Canadian Gross Domestic Product M/M (29 November)

Preliminary estimates show that the Canadian economy grew by 0.4% in the third quarter of 2022, with 0.1% growth from August to September.

US ADP Non-Farm Employment Change (30 November)

The private sector produced 239,000 new jobs in October of 2022, the most since July. Analysts forecast another 200,000 new jobs in November.

OPEC Meetings (1 December)

The Organization of the Petroleum Exporting Countries (OPEC+) had no plans to ease production limits and could take further measures to balance the market should oil prices continue to slide downwards.

OPEC+ also announced that it will maintain the current two-million-barrel-per-day production cut until the end of 2023. The organization hinted that, in the future, they might reduce production further to balance supply and demand. They also suggested that they are always ready to intervene in the oil market.

Swiss Consumer Price Index (1 December)

The Swiss Consumer Price Index rose 0.10% in October over the previous month.

Analysts expect an increase of another 0.10% for November.

US Core PCE Price Index M/M (1 December)

In August, the core personal consumption expenditures index for the US, excluding food and energy, grew by 0.6%. Analysts expect this index will be at 0.4% in September.

US ISM Manufacturing PMI (1 December)

The US Institute for Supply Management’s Manufacturing PMI index fell from 50.9 in September to 50.2 in October.

This suggests that factory activity has expanded at its slowest rate since mid-2020. A PMI of 50 is expected for November.

Canadian Employment Data (2 December)

Canada’s economy added 108,300 jobs in October, the most since February. The unemployment rate remained at 5.2%.

Analysts had forecast a decrease of 20,000 jobs and an unchanged unemployment rate of 5.4%.

US Non-Farm Employment Change (2 December)

The US economy added 261,000 jobs in October, and economists expect 200,000 jobs to be added in November, according to recent estimates. The unemployment rate is expected to remain unchanged at 3.7%.

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, 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%.