Key economic reports are due for release this week starting with the US Empire State and Philly Fed Manufacturing Index.

Several countries will also release their Consumer Price Index, including the UK, Canada, and New Zealand. Australia will release its employment figures and meeting minutes earlier in the week.

US Empire State Manufacturing Index (17 October)

In August 2022, the New York Empire State Manufacturing Index rose by 30 points to -1.5.

According to a recent survey of businesses, firms were not optimistic that business conditions would improve over the next few months. Analysts expect this month’s unemployment figure to come in at around -1.

New Zealand Consumer Price Index (18 October)

In the first quarter of 2022, the Consumer Price Index in New Zealand rose 1.8%. Analysts expect that CPI in New Zealand will rise another 1.7% for the second quarter of 2022.

Analysts predict that CPI in New Zealand will rise 1.6% for the third quarter of 2022.

Australian Monetary Policy Meeting Minutes (18 October)

The Reserve Bank of Australia (RBA) raised its benchmark interest rate by 25bps to 2.6%, surprising market analysts who had expected the central bank to increase the cash rate by 50 basis points.

Policymakers plan to raise interest rates further, with size and timing to be determined. The committee remains committed to its long-run goal of price stability and will continue to do so until that time comes.

UK Consumer Price Index (19 October)

In August of 2022, the Consumer Price Index in the UK rose 0.5% month-on-month, the smallest gain in seven months.

Analysts expect the figure to rise by 0.30% in September.

Canada Consumer Price Index (19 October) 

The consumer price index in Canada fell 0.3% in August, the steepest monthly drop since April 2020. Analysts expect prices to remain unchanged in September.

Australia Employment Change (20 October)

The Australian labour market continued its upward trend in August this year, as employment increased by 33,500 to a new high of 13.59 million. The unemployment rate was at 3.5% in August.

Analysts expect that the Employment report for September will show an increase in jobs of 40,000, accompanied by a return to the unemployment rate of 3.4%.

US Philly Fed Manufacturing Index (20 October)

The US Philadelphia Fed Manufacturing Index fell from 6.2 in August to -9.9 in September.

Analysts predict that the index will fall again this month to -5.

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 will release several key data items this week, including the inflation data reflected in the Consumer Price Index, the producer price index, and retail sales data. The preliminary consumer sentiment data reported by the University of Michigan and the minutes from the Federal Open Market Committee will also be released.

Meanwhile, the UK will publish its GDP data mid-week.

• UK Gross Domestic Product (12 October)

Gross domestic product in the UK grew 0.2% in July from June, rebounding from a 0.6% fall in the previous month.

Analysts forecast that the economy will grow 0.1% in August.

• US Producer Price Index (12 October) 

US producer prices fell 0.1% in August, following a 0.4% drop in July. According to economists, prices are forecast to remain steady (0%) for September.

• FOMC Meeting Minutes (13 October)

In its September meeting, the Federal Open Market Committee increased the federal funds rate by 75bps (3%-3.25% range). The Fed also projected that interest rates will rise to as high as 4.4% by December 2022 and stay at 4.6% in 2023.

• US Consumer Price Index (13 October)

According to the Bureau of Labour Statistics, the US consumer price index rose 0.1% in August from July. This follows a flat reading in the previous month and is higher than a forecast decline of 0.1%. Analysts expect that September’s CPI will be up by 0.2%.

• US Retail Sales (14 October)

The US retail sales increased by 0.3% in August from July, following a revised 0.4% fall in the previous month. Markets expect retail sales figures to increase by 0.2% in the current month.

• Prelim UoM Consumer Sentiment (14 October)

In September, the University of Michigan’s consumer sentiment index was released to be 58.6, revised from 59.5 in a preliminary figure. The index had been above 58.2 in August and at its highest in five months.

Analysts predict a range of figures for the index, with some believing it will surpass 58.5, while others believe it will fall below that level.

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.

Sydney, Australia, October 5, 2022 – VT Markets, an international multi-asset broker, announced today that they have won 4 awards from World Business Stars Magazine. 

VT Markets won in 4 categories namely Best Growing Broker Asia 2022, Best Forex Education Platform Asia 2022, Best Forex Customer Service Europe 2022, and Best Forex Mobile App Global 2022 – VT Markets Mobile App. 

The UK-based financial and business publication, World Business Stars Magazine, aims to give recognition to and honour the leaders in the banking, finance, insurance, leadership, technology, telecommunication, transportation, and healthcare industries across the globe.

“We have always been committed to providing the best customer service, education and support to our clients. This year’s awards are a reflection of our massive efforts to stay on top of our game while providing excellent products and services to traders across different continents,” said Christopher Nelson-Smith, Director of VT Markets.

“Over the past few months, we have noticed a huge spike in downloads and daily active users on the VT Markets App. Our clients can trade multiple asset classes with ultra-low spreads, and access timely market news on our mobile app. Our team continues to work relentlessly to improve the user experience and empower our traders with easier access to global markets anywhere, anytime,” added Nelson-Smith.

As a globally recognised broker and a multi-awarded company, every award and recognition makes VT Markets more committed to its goal of providing a better service to its clientele. 

For more information, please 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 multiple international accolades including Best Customer Service and Best Affiliate Program. They aim to make trading an easy, accessible, and seamless experience for everyone.

This week will bring several major economic indicators to watch out for, including the release of the US Non-Farm Employment Change, Unemployment Rate, and Average Hourly Earnings. 

The US JOLTS report for August and ISM Manufacturing PMI and ISM Services PMI will also be released.

Other crucial data releases include Switzerland’s Consumer Price Index and Canada’s Employment figures.

• Swiss Consumer Price Index data (3 October)

The Consumer Price Index in Switzerland increased 0.30% in August 2022 over the previous month. Economists are predicting that the index will increase by 0.2% in September.

• US ISM Manufacturing PMI (3 October)

The ISM Manufacturing PMI, a gauge of the health of the manufacturing sector in the US, held steady in August of 2022 at 52.8—the same level it registered in July. It is expected to remain around the same level in September at 52.8.

• RBA Rate Statement (4 October)

The Reserve Bank of Australia (RBA) has raised the cash rate by 50bps to its highest level since January 2015. It was the board’s fourth consecutive rate hike since May, with analysts predicting another increase this month. The move is aimed at bringing inflation down to the 2-3% range while keeping the economy stable. Analysts anticipate that the RBA will raise its benchmark interest rate by another 50bps at this month’s meeting.

• US JOLTS report (4 October)

The US Department of Labor and Statistics report on Job Openings and Labor Turnover Survey (JOLTS) stated that job openings increased by 199,000 to 11.2 million in July 2022. Analysts expect that job openings will remain at around the same level as forecasted.

• OPEC Meetings (5 October)

Oil prices have fallen since June 2022, and OPEC countries have been seeking ways to raise the cost. This month, talks on supply cuts will be a key topic at the organisation’s meetings.

• RBNZ Rate Statement (5 October)

In its August meeting, the Reserve Bank of New Zealand increased its official cash rate to 3.0%, which marks the highest level in seven years. The decision was based on forecasts that inflation would fall as fuel prices stabilised, with the bank estimating that inflation will only return to the target range by mid-2024 at the earliest. It also noted that monetary tightening would be necessary. Analysts are forecasting another 50bps interest rate hike.

• US ADP Non-farm Employment Change (5 October)

The US ADP Non-Farm Employment Change came in at 132,000 for August, down from 268,000 in July. Analysts expect the ADP Non-Farm Employment Change to rise by 135,000 for September.

• US ISM Services PMI (5 October)

The Institute for Supply Management’s Services Purchasing Managers’ Index unexpectedly jumped to 56.9 in August of 2022 from 56.7 in July, indicating a revival in services activity in the US. Analysts expect the ISM Services PMI to be around 56.5 this month.

• Canada Employment Data (7 October)

Canada’s unemployment rate increased to 5.4% in August of 2022 from the record-low of 4.9%, as the economy lost 39,700 jobs in the month. According to analysts’ forecasts, another 15,000 jobs will be lost in September, bringing the unemployment rate to 5.3%.

• US Non-farm Employment Change (7 October)

US average hourly earnings rose 0.3% in August, adding 315,000 jobs and increasing the unemployment rate to 3.7%, its highest level since February. According to the latest projections, this month’s average hourly earnings will rise by 0.3%, with 250,000 additional jobs and a 3.7% unemployment rate.

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.

Sydney, Australia, September 28, 2022  – VT Markets, an international multi-asset broker, is pleased to announce the addition of 51 ETF (exchange-traded fund) symbols to its multi-asset trading options. The addition allows its clients to track the performance of technology, energy, and mining sectors via popular symbols such as BKCH, BLOK, GLD, XLF, XOP, and more.

“We are truly excited to bring this new offer to our clients worldwide. Over the past months, we have seen an increasing demand for investment assets with relatively lower risks, lower cost and more exposure,” says Christopher Nelson-Smith, Director of VT Markets.

The newly added ETFs include a variety of trading instruments like stocks, bonds, and indices across multiple industries from different global exchanges. For instance, the ETFs for the technology sector include iShares U.S. Technology ETF (IYW) and Vanguard Information　Technology ETF (VGT). The bond ETFs gives traders exposure to a wide selection of bonds diversified by type, issuer, maturity and region, including iShares Core U.S. Aggregate Bond ETF (AGG) and Vanguard Total Bond Market ETF (BND). 

“We welcome all traders, regardless of where you are in your trading journey, to join us and experience ETF trading on our world-class trading platform. We also offer a leverage of up to 33:1 for some of the key ETF symbols, providing traders with more opportunities to grow their accounts. In the near future, we are planning to add even more symbols to meet this popular demand,” he concluded.

For more information, please visit our website.

About the Company:

VT Markets is a regulated multi-asset broker with over ten years of experience in global financial markets. The broker has a presence in over 160 countries and won multiple international accolades including Best Customer Service 2021 and Best Affiliate Program 2022. They aim to make trading an easy, accessible, and seamless experience for everyone.

This week will see a much lighter schedule of data releases compared to last week.

Some significant releases to watch out for include the CB Consumer Confidence and Core PCE Price Index in the US and the Gross Domestic Product in Canada.

US CB Consumer Confidence | 27 September 2022

The US Consumer Confidence Index rose to 103.2 in August 2022, up from 95.3 in July. According to recent forecasts, Consumer Confidence in the US will increase more to 104, indicating that consumers are confident in the stability of their income and thus may be more inclined to spend.

Canadian Gross Domestic Product | 29 September 2022

According to Statistics Canada, the Canadian economy expanded by 0.1% in June. The agency’s latest estimate for July has the economy contracting 0.1% m/m from the previous month.

US Core PCE Price Index m/m | 30 September 2022

The Federal Reserve Board’s monthly report on consumer prices states that the CPI for Core PCE in the US, which excludes food and energy, rose 0.1% in July from a 0.6% increase in June.

Core PCE prices are projected to increase 0.3% in August.

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.