The upcoming financial week will be filled with economic data and speculation, as inflation and interest rate decisions will be announced by most central banks.

The CPI inflation figures in the US are expected to rise by 0.3% in November, which might signify another slowdown in inflation. The financial markets will pay close attention to these figures as they could impact the Fed interest rate decision.

The UK Consumer Price Index annual inflation rate is expected to rise to 11.3% in November.

Meanwhile, the Swiss National Bank (SNB), Bank of England (BoE), and European Central Bank (ECB) are scheduled to announce their monetary policy decisions this week.

Here are the financial market updates for the week ahead:

​​UK Gross Domestic Product (12 December)

In September, UK Gross Domestic Product contracted by 0.6% month-on-month, following a downwardly revised 0.1% decline in August.

UK GDP is expected to increase by 0.4% in October.

US Consumer Price Index (13 December)

October’s US CPI increased 0.4% month-on-month, slowing the annual inflation rate in the US to 7.7% in October, the lowest since January 2022. 

Analysts predict that November’s CPI will increase slightly by 0.3%, to 7.6%.

UK Consumer Price Index (14 December)

The CPI annual inflation rate in the UK jumped from 10.1% in September to 11.1% in October, and analysts expect that it will further rise to 11.3% in November.

Fed Interest Rate Decision (15 December)

The Federal Reserve increased its benchmark interest rate by 75bps, to 3.75% – 4% in November, which marks the sixth consecutive hike and the fourth three-quarter point increase.

Jerome Powell, the current Fed chairman, has hinted that the Fed may scale back the pace of its interest rate hikes come December. Analysts believe the Fed will raise the federal funds rate by 50bps this month.

SNB, BoE, ECB Rate Statement (15 December)

Monetary policy decisions by the SNB, BoE, and ECB are being closely monitored this week.

SNB increased its interest rate by 75bps and is forecast to increase by a further 50bps in December to 1%.

BoE voted to raise interest rates by 75bps to 3% in November, with interest rates expected to increase by 50bps to 3.5%.

ECB increased its key interest rate by 75bps. Analysts forecast ECB to raise another 50bps in December.

US Retail Sales (15 December)

The US retail sales rose 1.3% month-on-month in October after a flat reading in September.

According to analysts, retail sales is either expected to maintain at 0.0%, or fall by 0.1% in November.

Eurozone, UK, and US Flash Services and Manufacturing PMI (16 December)

French and German Flash Services PMI declined in November. However, an increase was recorded in their manufacturing PMI.

On the other hand, UK Flash Services and Manufacturing PMI remained the same in November from the previous month. In the US, Flash Services PMI fell from October to November.

Flash Services PMI in France and Germany is expected to decline in December, with UK and US figures forecast to rise. Manufacturing PMI in the UK, France, and Germany may also decline for this month.

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.