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.

CURRENCIES

U.S. Dollar Strengthens: The U.S. dollar saw gains as Fed Chair Powell adopted a hawkish stance. This occurred alongside a rise in U.S. Treasury yields, with the 2-year note nearing the 5.00% level.

Powell’s Hawkish Remarks: Speaking in Washington, Powell noted a slowdown in disinflation and ongoing firm price pressures, introducing uncertainty around the timing of future rate cuts.

Implications for U.S. Dollar: High borrowing costs are likely to persist, which is expected to support the U.S. dollar, particularly as other central banks like the ECB and the Bank of England lean towards easing.

Technical Analysis on FX Pairs: The article next explores the technical setups for EUR/USD, USD/JPY, and GBP/USD, focusing on key support and resistance levels critical for risk management and trading strategy.

EUR/USD Technical Outlook: After a bearish breakdown at 1.0635, EUR/USD may continue to decline, potentially approaching the 2023 low near 1.0450. Conversely, a rebound above 1.0635 could face resistance at 1.0700 and possibly extend to 1.0725. A break above this could lead to a rally towards significant moving averages around 1.0820.

STOCK MARKET

Powell’s Remarks on Inflation: Federal Reserve Chair Jerome Powell noted that it would take longer than previously anticipated for inflation to decrease to the Fed’s 2% target, implying extended high interest rates.

Ongoing Restrictive Policy: Powell highlighted the strong labor market and modest progress on inflation as reasons to maintain restrictive monetary policies for a more extended period to allow further data analysis and guidance.

First Quarter Inflation Data: This period marked Powell’s first acknowledgment that the inflation data from the first quarter did not demonstrate the needed progress to start easing monetary policy.

No Immediate Rate Cuts Expected: Contrary to previous statements, Powell provided no assurances of imminent rate cuts, signalling a cautious stance amid uncertain economic indicators.

Personal Consumption Expenditures (PCE) Data: Powell discussed expectations for the PCE Price Index, noting it likely remained stable from February to March, but still above the target at 2.8% in February.

Inflation and Market Reactions: Recent hotter-than-expected Consumer Price Index (CPI) data led to market instability, with revised expectations pushing back anticipated rate cuts to possibly September.

Strong Economic Indicators: Despite high inflation, other economic indicators like robust job market data and solid retail sales suggest continued economic strength.

Comments from Fed Vice Chair: Fed Vice Chair Philip Jefferson echoed Powell’s sentiment, suggesting that if inflation remains persistent, high rates will be necessary for an extended period.

Open a live account and start trading now!

Dear Client,

To provide a favourable trading environment to our clients, VT Markets will modify the trading setting of all share CFDs on Apr 22, 2024:

1. All US Shares products leverage will be adjusted to 20:1.

2. MT5 All Shares products: New positions open within 30 minutes before market closing and after market opening will start with a leverage of 5:1. After the mentioned period, the leverage will be resumed to original leverage and will not be adjusted back to 5:1.
MT4 will not be affected.

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.

CURRENCIES

GBP/USD Performance Analysis:

• The GBP/USD currency pair continues to decline amid signs of a weakening UK labor market.
• Unemployment in the UK rose to 4.2% in February, exceeding expectations and the previous month’s rate.

UK Labor Market and Wage Trends:

• Average earnings, including bonuses, held steady at 5.6%.
• Earnings excluding bonuses saw a slight decline, dropping 0.1% to 6.0%.

Upcoming Economic Reports and Impact:

• A critical UK inflation report for March is anticipated to significantly influence the British Pound’s short- to medium-term outlook.
• Inflation is expected to decrease from 3.4% in February to 3.1% in March, moving closer to the Bank of England’s target of 2%.

Bank of England’s Rate Cut Expectations:

• Market expectations suggest a 60% chance of a 25 basis point rate cut at the BoE’s August 1st meeting, contingent on further inflation reductions.

Technical Analysis of GBP/USD:

• The pair has broken below key support levels, including 1.2547 and 1.2500, showing potential to test further supports at 1.2381 and 1.2303.
• Recent price action has moved below all three simple moving averages, indicating bearish sentiment.

Trader Sentiment and Market Outlook:

• IG Retail data indicates a high ratio of traders are net-long on GBP/USD, which historically suggests possible further declines in the pair’s price.

STOCK MARKETS

Tesla Announces Major Staff Reductions:

• Tesla has confirmed a reduction of more than 10% in its global workforce, impacting at least 14,000 employees.

Context Behind Layoffs:

• The layoffs follow a disappointing Q1 delivery report where Tesla missed consensus estimates significantly.
• The company reported its first year-over-year quarterly decline in deliveries since 2020.

Analyst Insights on Tesla’s Layoffs:

• Dan Ives of Wedbush Securities describes the layoffs as a necessary but ominous sign for Tesla, suggesting difficult times ahead due to softer global demand.
• Ives maintains a $300 price target and a Buy rating on Tesla stock.

Stock Impact and Financial Outlook:

• Tesla’s stock fell by 5.6% to its lowest closing level in nearly a year following the announcement.
• The company is feeling the impact of a slowdown in EV demand both in the US and globally.

Upcoming Earnings Report:

• Tesla is expected to provide more details on the layoffs, their financial implications, and the outlook on demand in their earnings report on April 23.

Industry Perspective:

• CFRA analyst Garrett Nelson noted that while layoffs indicate a slowdown in the EV market, Tesla’s cost reduction efforts could positively affect the company’s bottom line.

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.

Dear Client,

To provide a more favorable trading environment for our clients, VT Markets will have adjustments for the TRY products on April 22, 2024.

Please check the details below:

1. EURTRY and USDTRY leverage will be adjusted from 5:1 to 20:1

2. EURTRY and USDTRY trading will be set to Full Access, which is available for opening/closing positions.

Friendly reminders:

1. All product settings stay the same except for the above adjustments.

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.

The above data is for reference only, please refer to the MT4 and MT5 platforms for the updated data.

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

Dear Client,

To provide you with more diverse trading options, VT Markets will launch 2 new products on 22nd April 2024.

You can trade the world’s popular products on Meta Trader 4 and 5 with the following specifications:

The above data is for reference only, please refer to the MT4 and MT5 platforms for the updated data.

Friendly reminders:

1. Please refer to the MT4 and MT5 platforms for the specific swap rate.

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.