Dear Client,

Affected by international holidays, the trading hours of some VT Markets products will be adjusted. Please check the following link for the remaining affected products:

Notification of Trading Adjustment in Holiday

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,

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,

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.

Forex Daily Market Analysis: 3 Jan 2023

CURRENCIES:

• Key Reports This Week:
  • JOLTs, ADP, and NFP reports released.
  • Focus on understanding the impact of these reports on the market.
• Fed Chair Powell’s Dovish Stance:
  • Assessing the dovishness of Fed Chair Powell at the recent FOMC meeting.
  • Reevaluating market interpretation of Powell’s remarks based on the released meeting minutes.
• Rate Cut Expectations:
  • Reviewing changes in expectations for US rate cuts.
  • Initially anticipating 175 basis points, now reduced to 150 basis points.
• Upcoming Jobs Reports:
  • November JOLTS job openings at 15:00 UK.
  • December ADP report on Thursday at 13:15 UK.
  • Latest US NFP report on Friday at 13:30 UK.
• Market Reaction to Rate Expectations:
  • US dollar retaining gains from Tuesday amid reduced expectations of aggressive rate cuts.
  • Recent tightening of rate expectations led to higher US bond yields and a boost in the US dollar.
• US Dollar Index (DXY) Overview:
  • DXY chart displaying a bearish overall trend.
  • Recent spike in response to rate expectations, nearing the reversal of a bearish pennant pattern from December.
• Potential Consolidation:
  • Considering the possibility of a short consolidation period around current levels for the US dollar index

STOCK MARKET DAILY ANALYSIS:

Key events this today:

• Germany unemployment, Wednesday
• US FOMC minutes, ISM Manufacturing, job openings, light vehicle sales, Wednesday
• Richmond Fed President Tom Barkin — an FOMC voter in 2024 — speaks, Wednesday
  • Market Overview:
  • Bonds extended their decline, and stocks showed marginal movements.
  • Traders anticipating key US data to validate interest-rate cut predictions for the year.
  • Global Market Reaction:
  • Europe’s Stoxx 600 and US futures relatively unchanged after Tuesday’s significant slump.
  • US Treasury yields increased, with the 10-year bond rate up by three basis points.
  • Dollar remained steady against its Group-of-10 peers, following its notable daily gain.
  • Historical Significance:
  • Combined global slump in stocks and bonds on Tuesday marked the most significant for a first full trading day since at least 1999.
  • Traders adjusting expectations on Federal Reserve easing.
  • Upcoming Data:
  • Latest Fed minutes, manufacturing, and job openings data scheduled for Wednesday may provide insights into market trends.
  • Market Sentiment and Uncertainty:
  • Beginning of 2024 marked by a “risk retrenchment,” according to Vishnu Varathan, chief economist at Mizuho Bank.
  • Uncertainty whether the recent market slump is a sustained correction or pre-NFP profit-taking.
  • Asian Markets and China Tech Focus:
  • Chinese tech shares down over 2% amid reports of a top official overseeing the gaming industry being removed in Beijing.
  • Potential government efforts to address backlash against new regulations impacting the sector.
  • Bitcoin and Oil:
  • Bitcoin trading stronger for the fifth day, hovering around $45,000, amid expectations of US approval for a cryptocurrency ETF.
  • Oil holding losses, influenced by a risk-off tone in markets and concerns about a conflict in the Red Sea.

Earn your first deposit bonus when you start trading Forex with VT Markets.

Dear Client,

To provide a favorable trading environment to our clients, VT Markets will modify the trading setting of all share CFDs on Jan 8 , 2024:

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

2. MT5 All Shares products: New positions opened within 30 minutes before market closing and after market opening will start with 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 .

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.

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.

Forex Daily Analysis 2 January 2024

Economic data: S&P Global US Services PMI, December, final (48.4 expected, 48.2previously); MBA Mortgage Applications, week ending December 29

CURRENCIES:

• U.S. Dollar’s Downward Correction
  • Witnessed a significant downward correction in the U.S. dollar due to expectations of the Federal Reserve reducing borrowing costs.
  • US Treasury yields plunged in the last quarter of 2023, contributing to the dollar’s lowest level in five months.
• Currency and Precious Metal Performance
  • EUR/USD and GBP/USD experienced a notable surge, reaching multi-month highs in late December.
  • Gold prices showed strength, concluding 2023 above $2,000, though slightly below its all-time high.
  • The bullish trend in gold is expected to continue, benefiting from the Federal Reserve’s policy shift.
• Equity Market Rally
  • The pullback in U.S. bond yields triggered a substantial rally in the equity market.
  • Major stock market indexes reached new records, reflecting the prevailing risk-on sentiment.
• Outlook for Q1 2024
  • U.S. dollar may continue to face losses in the coming months due to downward-sloping yields.
  • Anticipated upward momentum for gold, EUR/USD, GBP/USD, and stocks in Q1.
  • Caution advised as some markets approach potential overbought conditions.
• Increased Volatility and Trading Setups
  • Expect different market dynamics leading to heightened volatility.
  • Opportunities for enticing trading setups in major assets, including currencies, commodities (gold, silver, oil), and cryptocurrencies.

STOCK MARKET:

• Fed Rate Cut Speculation:
  • Morgan Stanley’s Ellen Zentner suggests a possible Fed rate cut may come later than market expectations.
  • Zentner emphasizes that monthly payroll additions below 50,000, coupled with consistent low inflation, could trigger a March rate cut.
  • Caution is advised, highlighting that a single weak jobs report might not be sufficient for a rate cut decision.
• Morgan Stanley’s Base Case:
  • The base case for Morgan Stanley remains a Fed cut in May, contrary to earlier market expectations.
• Late 2023 Market Rally Impact:
  • Investors face the question of whether the late 2023 market rally accelerated the gains expected in 2024 or if there is room for further upward movement.
  • Ryan Detrick, Chief Markets Strategist at Carson Group, cites historical data indicating that after a late-year S&P 500 rally exceeding 10%, the benchmark average historically rose by an average of 19.5% in the following year.
• Contrasting Views on Market Continuation:
  • Tom Lee, Fundstrat’s Head of Research, acknowledges the likelihood of new all-time highs for the S&P 500 but anticipates a subsequent consolidation.
  • Lee points out key concerns, including investor uncertainty about the Fed’s rate-cut timing and a potential downturn around February or March in an election year.
• Tom Lee’s Market Outlook:
  • Lee predicts a brief pullback after new all-time highs, suggesting a range of S&P 500 at 4,400-4,500.
  • Consistent with the 2024 Year Ahead Outlook, Lee’s base case envisions most gains for the S&P 500 in the second half of 2024.

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