CURRENCIES:

US Dollar’s Current State: The US dollar shows a rangebound pattern, with minimal gains amid mixed Treasury yields and market caution.

Anticipation of Key Events: Traders are in a wait-and-see mode ahead of significant events, including US PCE data and Fed Chair Powell’s speech on Friday.

Bank Holiday Impact: Thinner market liquidity expected due to a bank holiday on Friday and Easter Monday in some European countries, potentially delaying market reactions.

Core PCE Data Significance: Friday’s core PCE data release is crucial for understanding consumer price trends, influencing policymakers’ decisions.

Fed Chair Powell’s Speech: His speech is keenly awaited for hints on the timing of the first interest rate cut in 2024.

Delayed Market Reaction Expected: Market response to these events may be postponed until the following week due to the holiday.

Reduced Liquidity Warning: Traders advised to exercise caution as reduced liquidity over the holiday could lead to larger price swings.

Technical Analysis Focus: The article will next explore the technical setups for EUR/USD, USD/JPY, and GBP/USD, identifying key support and resistance levels for strategic trading.

STOCK MARKET:

Late-Day Reversal: US stocks, after a strong start, reversed gains towards the end of Tuesday’s session.

Nasdaq’s Decline: The Nasdaq Composite fell approximately 0.4%, missing a record close.

S&P 500 and Dow Jones Performance: The S&P 500 dipped nearly 0.3%, and the Dow Jones dropped about 0.1%.

Economic Data Focus: Attention was on economic data, including a 1.4% rise in durable goods orders in February, driven by transportation equipment and machinery orders.

Home Price Index Rise: The S&P CoreLogic Case-Shiller National Home Price Index increased by 6% in January year-over-year, marking the highest annual rise since 2022.

Consumer Confidence: The Conference Board’s Consumer Confidence Index for March showed a slight decrease in consumer confidence about the US economy’s future.

Expectations Index Dip: A decline in the Expectations Index to 73.8 in March from 76.3 indicates potential recession signals for the coming year.

PCE Inflation Data Anticipation: Markets await the Personal Consumption Expenditures Price Index release on Friday, giving insight into inflation trends.

Trump Media & Technology Group’s Debut: Former President Donald Trump’s social media company made its debut on Wall Street, ending the day up 16% after an earlier surge.

Start your CFD Shares Trading journey with VT Markets now!

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.

Sydney, Australia, 27 March 2024 – Global multi-asset broker VT Markets recently successfully participated in the World Affiliate Dubai conference, a prestigious event brought together global top affiliate marketers and ecommerce entrepreneurs to network and exchange professional insights among peers.

The abovementioned event, along with the Smart Vision Summit Oman 2024 in mid-February, where VT Markets picked up the Best Forex Introducing Broker Provider award, are key events in the region that serve the fintech community by facilitating the exchange of information, while providing a platform for key industry players to showcase their innovations and solutions to the public. These engagements signify an integral part of VT Markets’ strategic growth plans in the MENA region.

In addition to active participation in industry events, VT Markets recently achieved notable recognition at the International Business Magazine Awards 2024, securing three prestigious accolades: Best Multi-Asset Broker MENA 2024, Most Reliable Trading Platform MENA 2024, and Most Transparent Forex Broker MENA 2024. A spokesperson for VT Markets commented, “Winning these awards underscores our unwavering commitment to delivering trading excellence to our clients, with reliability and transparency as our guiding principles.”

VT Markets is committed to providing comprehensive and unparalleled client experiences, including personalized account management and priority customer support. Further elevating the experience, private luxury car commutes are made available for client consultations, ensuring clients enjoy seamless financial journeys in every way.

Looking ahead, VT Markets remains proactive in its engagement with the MENA region, with plans to participate in the upcoming Brokersview Expo on April 16th, 2024. This global event, which integrates resources from the financial sector, further solidifies VT Markets’ ongoing commitment to the MENA region as it continues its momentum into the second quarter of 2024.

About VT Markets:

VT Markets is a regulated multi-asset broker with a presence in over 160 countries. To date, it has won numerous international accolades including Best Customer Service and Fastest Growing Broker.

In line with its mission to make trading accessible to all, VT Markets currently offers unfettered access to over 1,000 financial instruments and a seamless trading experience via its award-winning mobile app.

For more information, please visit the official VT Markets website or email us at info@vtmarkets.com. Alternatively, follow VT Markets on Facebook, Instagram, or LinkedIn.

For media enquiries and sponsorship opportunities, please email media@vtmarkets.com.

CURRENCIES:

GBP/USD Movement: The British Pound has slightly risen above 1.26 against the US Dollar, fueled by anticipation of interest rate reductions by the Federal Reserve in June.

Market Sentiments: Confidence is high among investors that the US will commence lowering borrowing costs in June, with over a 70% probability indicated by the Chicago Mercantile Exchange’s Fedwatch tool.

Federal Reserve Signals: Statements from the Federal Reserve have led markets to expect a drop in borrowing costs this year, contingent on sustained inflation decreases.

Bank of England Stance: While hinting at reaching the peak of interest rates, the Bank of England suggests it might not cut rates before the US, considering persistent inflation issues.

UK’s Economic Indicators:

• Fitch upgraded the UK’s credit rating from ‘negative’ to ‘stable.’
• Retail sales in January remained steady despite adverse weather conditions, contradicting economists’ expectations of a decline.
• The UK is seen as gradually recovering from a mild recession, presenting a slightly more positive outlook than initially predicted.

Upcoming Economic Data:

• US Durable Goods orders, set to be released on Tuesday, will be a key focus for GBP/USD traders.
• The UK’s final GDP figures for the fourth quarter will be announced on Thursday, adding to this week’s significant economic updates.
• Top of Form

STOCK MARKET:

Key Highlights:

Tesla’s New Promotion: Tesla introduces a one-month free trial of its Full Self-Driving (FSD) technology to U.S. customers.

CEO Announcement: Elon Musk, Tesla’s CEO, announced the trial offer on the social media platform X, aiming to boost sales and margins amid decreasing demand and competitive pricing pressures.

Product Details and Challenges: Despite being marketed at $12,000, FSD has yet to achieve full autonomy as promised by Musk, facing regulatory and safety scrutiny.

Implementation Strategy: Musk instructed Tesla employees to demonstrate FSD features to new buyers and serviced vehicle owners, emphasizing its capabilities in internal communications.

Consumer Response: The uptake of FSD among Tesla customers has decreased, dropping from 53% in Q3 2019 to 14% in Q3 2022 according to researcher Troy Teslike.

Financial Impact: Aggressive price cuts and declining FSD sales have significantly affected Tesla’s profit margins, with the company also anticipating lower delivery growth for the year due to a focus on new electric vehicle (EV) production.

Analyst Perspective: Industry analysts view the FSD demonstration mandate as one of Musk’s tactics to improve quarterly sales figures and revenues, amidst challenges.

Subscription Option: Tesla also offers FSD as a subscription service for $199 a month, highlighting that the technology requires driver supervision and does not fully automate the vehicle.

Start your CFD Shares Trading journey with VT Markets now!

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,

In response to the upcoming high market volatility for TRY Forex during the Turkish election, there will be adjustments for the products on March 28, 2024. Please check the details below:

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

2. EURTRY and USDTRY will be set to close only effective on March 28, 2024

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.

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.